-Lizzie's budget line is shown in the figure above. The relative price of a cookie is ________ per cookie.
A) 2 magazines
B) 0.5 of a magazine
C) $1
D) $2

Name: -Lizzie's budget line is shown in the figure above. The relative price of a cookie is ________ per cookie. A) 2 magazines B) 0.5 of a magazine C) $1 D) $2
Brand: Quizplus
Rating: 4.7 (34 reviews)

Question

-Lizzie's budget line is shown in the figure above. The relative price of a cookie is ________ per cookie.
A) 2 magazines 
B) 0.5 of a magazine 
C) $1 
D) $2

Quizplus · Accepted Answer

The relative price of a cookie in terms of magazines is the slope of the budget line, which is 0.5 of a magazine per cookie.

-Lizzie's Budget Line Is Shown in the Figure Above