Suppose That the Quantity of Hamburgers Is Measured Along the Vertical

question 237

Multiple Choice

Suppose that the quantity of hamburgers is measured along the vertical axis and that the quantity of popcorn is measured along the horizontal axis. The vertical intercept is 10 hamburgers, and the slope of the budget line is -2. If the price of popcorn falls from $1 to $0.50, then we know that

• A) the vertical intercept shifts to 20 hamburgers.
• B) the vertical intercept shifts to 5 hamburgers.
• C) the horizontal intercept shifts to 10 bags of popcorn.
• D) the horizontal intercept shifts to 20 bags of popcorn.

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Definitions:

Long-term Memory

A type of memory responsible for storing information for extended periods of time, ranging from several minutes to a lifetime, and includes various forms such as episodic and semantic memory.

Code

A system of symbols and rules used to represent instructions to be executed by a computer; also, can refer to the act of writing computer programs.

Meaning

The significance or interpretation of a word, sentence, symbol, or gesture.

Retrieve

The process of accessing and bringing into conscious thought information stored in the memory.