Business, 19.01.2021 19:30 zayo8468

Suppose Tyrone spends his entire income on books and clothing. If the prices of both books and clothing fall by 10%, which of the following statements is true? A. The budget constraint shifts outward.
B. The budget constraint becomes steeper (the slope is larger in absolute value).
C. The budget constraint becomes flatter (the slope is smaller in absolute value).
D. Tyrone is not able to move to a new indifference curve.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 22:10

jackie's snacks sells fudge, caramels, and popcorn. it sold 12,000 units last year. popcorn outsold fudge by a margin of 2 to 1. sales of caramels were the same as sales of popcorn. fixed costs for jackie's snacks are $14,000. additional information follows: product unit sales prices unit variable cost fudge $5.00 $4.00 caramels $8.00 $5.00 popcorn $6.00 $4.50 the breakeven sales volume in units for jackie's snacks is

Answers: 1

Answer

Business, 23.06.2019 11:00

If quotas on sugar were eliminated in the united states, domestic production of sugar would fall. why is this a benefit in economic terms for the united states? i. resources are freed up that could be used more efficiently elsewhere. ii. it is beneficial because it allows foreign producers of sugar to earn income and thus those countries are better off. iii. u.s. consumers are able to enjoy increased consumer surplus because of the lower prices of imported sugar.

Answers: 1

Answer

Business, 23.06.2019 12:20

What term refers to a formal on-the-job training program in which a worker shadows someone more experienced in the field?refers to a formal on-the-job training program in which a worker shadows someone more experienced in the field.

Answers: 2

Answer

Business, 23.06.2019 16:10

Aconsumer would pay an extra if they used the rent to own program to buy the computer, rather than using cash. for all of the items, using is the cheapest option over the life of the contract. the most expensive overall option is to use to purchase the item.

Answers: 3

Answer

You know the right answer?

Suppose Tyrone spends his entire income on books and clothing. If the prices of both books and cloth...

Questions