-Bonus Pre Test Assignm @ Take a Test-Aash raya ll Chegg Study Guided s x \\GEon

Question

-Bonus Pre Test Assignm @ Take a Test-Aash raya ll Chegg Study Guided s x GEon csquestion C 0 Kaustubh kalang·dX × x x C Secure https://www.mathxl.com/Student/Player lestasp history d-96093 1 1/3201 //82&testid;=1/3201//g ccng econ xly62fsl Econ 1B03 Evening Section Aashraya Mehta& Quiz: Bonus Pre-Test #3 Submit Quiz This Question: 1 pt 17 of 17 This Quiz: 20 pts possible Consider two goods, coffee and muffins. The price of coffee (the good on the x-axis) is $4/cup and the price of a muffin (the good on the y-axis) is $2. The consumers income is $100. What is the slope of the budget constraint? OA. 0.5 OB. 1 O C. 0.4 O D. 2 2:27 PM O Type here to search ENG 2017-11-28

Explanation / Answer

Answer
The slope of budget line =-(Px/Py)
=-(4/2)
=-2
The slope of the budget line is 2

Related Questions

Navigate

• Browse (All)
• Browse #
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.