Suppose You Own a Courier Service and You Use Two

question 97

Multiple Choice

Suppose you own a courier service and you use two types of delivery vehicles - Model A,which costs to purchase,and Model B,which costs $50 000 to purchase.You have a budget of for the purchase of new vehicles.Which of the following statements best describes the shape of your budget line?

• A)The budget line is concave to the origin,indicating that the opportunity cost of each model of vehicle increases with each additional unit purchased.
• B)The budget line is convex to the origin,indicating that the opportunity cost of each vehicle decreases with each additional unit purchased.
• C)The budget line is a straight line,indicating that the opportunity cost of each vehicle decreases with each additional unit purchased.
• D)The budget line is a straight line,indicating that the opportunity cost of each model of vehicle is independent of how many are purchased.
• E)The budget line is a straight line,indicating that the opportunity cost of each vehicle increases with each additional unit purchased.

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Definitions:

Day Length

The duration of daylight hours in a 24-hour period, which varies depending on the season and geographical location.

Animal Migration

The movement of groups of animals from one location to another, often seasonally, in response to changing environmental conditions.

Dominance Hierarchies

Social structures in animal societies where individuals are ranked based on behavior, strength, or some other criteria, affecting access to resources or mates.

Primate Societies

The complex social structures and behaviors observed in primates, including humans, monkeys, and apes.