Given the budget line in the above figure, which of the following combinations of pizza and milk are affordable?
A) 0 pizzas, 12 gallons of milk
B) 2 pizzas, 2 gallons of milk
C) 4 pizzas, 4 gallons of milk
D) All of the above combinations are affordable.
B
You might also like to view...
One way to ensure all producers benefit from a price floor is to:
A. give a government guarantee to buy all surplus. B. ration a certain quantity per consumer. C. ration a certain quantity per producer . D. All of these are examples of ensuring all producers benefit using non-price methods.
Higher unemployment insurance benefits tend to increase unemployment because they
What will be an ideal response?
Why would Michelin Tires have some difficulty in calculating the nominal GDP impact of it’s tire sales? (assuming they’re made in the US)
Suppose Diego deposits $4,000 in his bank. If the reserve ratio is 10 percent, this will lead to a maximum increase of ________ in checking account balances throughout all banks.
A. $0 B. $4,000 C. $10,000 D. $40,000