Sam has $200 a month to spend on either tanning sessions or rounds of golf. Tanning sessions are $20 each, and a round of golf is $50. A point on Sam's budget constraint would be:
A. 20 tanning sessions and 8 rounds of golf.
B. 10 tanning sessions and 5 rounds of golf.
C. 10 tanning sessions and 2 rounds of golf.
D. 10 tanning sessions and 4 rounds of golf.
Answer: D
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What will be an ideal response?
Which of the following increases the possibility of depreciation of the domestic currency in the foreign exchange market?
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Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. The break-even level of real disposable income is
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