If a Candy Bar Sells for 50 Cents and Video

question 22

Multiple Choice

If a candy bar sells for 50 cents and video games are 25 cents each, the horizontal (candy) intercept of Ann's budget line is 12 and the vertical (video game) intercept of Ann's budget line is 24.Giving up one candy bar makes it possible for Ann to afford

• A)2 fewer video games
• B)half an additional video game
• C)2 more video games
• D)12 more video games
• E)24 more video games

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Definitions:

Book

A written or printed work consisting of pages glued or sewn together along one side and bound in covers.

Debt

Money owed by one party, the debtor, to another, the creditor, typically arising from a loan or credit agreement.

Incidental Beneficiary

A person or entity who unintentionally gains a benefit from a contract between two other parties, though the contract was not specifically intended for their benefit.

Contractual Rights

Legal entitlements derived from agreements between parties that are enforceable by law.