David Has an Income of $60 to Buy Movie Tickets

question 73

Multiple Choice

David has an income of $60 to buy movie tickets and bus tickets.The price of a movie ticket is $12 and the price of a bus ticket is $4.What is David's real income?

• A)$60
• B)5 movie tickets or 15 bus tickets
• C)15 movie tickets or 5 bus tickets
• D)$16
• E)12 movie tickets or 4 bus tickets

Appreciate the underlying social functions of kinship and family units in providing for individuals' needs.

Explore the anthropological definitions and societal expectations of marriage and kinship.

Understand the impact of risk tolerance and coupon rates on the cost of debt.

Recognize the role of systematic risk, market risk premium, and risk-free rate in estimating expected returns using the Security Market Line.

---

Definitions:

Pencils

Writing or drawing instruments with a thin core of graphite or a similar substance encased in a protective casing.

Nonprice Rationing

Allocating goods or services using means other than prices, such as waiting times or ration coupons, often used when there is a shortage or when market prices are not effective.

Queuing

The process of lining up or waiting in a line, often analyzed in operations to improve service efficiency.

Government

The organization that is the governing authority of a political unit, the ruling power in a political society, and the apparatus through which a governing body functions and exercises authority.