The figure above shows Sam's budget line. Which of the following equals the slope of Sam's budget line?
A) Y/Pc
B) Y/Pg
C) (Pc/Pg)
D) (Pg/Pc)
C
You might also like to view...
Explain why the world's stocks of grizzly bears are more likely to be depleted than the world's stocks of shee
What will be an ideal response?
Refer to the table above. If Jack has an annual income of $40,000, into which tax bracket does he fall?
A) 10% B) 15% C) 23% D) 30%
If the quantity of corn is such that the marginal cost of corn is greater than the marginal benefit of corn, then I. there is a deadweight loss. II. more than the efficient quantity of corn is produced
A) Only I is correct. B) Only II is correct. C) Both I and II are correct. D) Neither I nor II is correct.
The creation of a monopoly results in gains to
A) producers at no expense to consumers. B) consumers at no expense to producers. C) producers at the expense of consumers. D) consumers at the expense of producers.