Multiple Choice
Suppose the price of coffee is $3, the price of a bagel is $2 and a person's budget is $40. The budget line's equation is
A) $2/Qbagel + $3/Qcoffee = $40.
B) $2(Qbagel) + $3(Qcoffee) = $40.
C) Qbagel /$2 + Qcoffee /$3 = $40.
D) Qbagel + Qcoffee = $40/($3 + $2) .
Correct Answer:
Verified
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