Suppose a Consumer Must Choose Between the Consumption of Sandwiches

question 40

Multiple Choice

Suppose a consumer must choose between the consumption of sandwiches and pizza. If we measure the quantity of pizza on the horizontal axis and the quantity of sandwiches on the vertical axis, and if the price of a pizza is €10 and the price of a sandwich is €5, then the slope of the budget constraint is

• A) 2
• B) 10
• C) 1/2
• D) 5

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Definitions:

Course Of Performance

The history of dealings between the parties in the particular contract at issue.

Perfect Tender Rule

A legal principle that requires goods delivered under a sales contract to exactly meet the specifications agreed upon.

Buyer/Lessee

The individual or entity that purchases or leases goods or property.

Breach

The action of violating or not adhering to a rule, contract, or ethical guideline.