The Slope of a Budget Constraint

question 113

Multiple Choice

The slope of a budget constraint:

• A)represents the opportunity cost of the two goods relative to each other.
• B)represents the relative marginal utilities from consuming the two goods.
• C)measures the total utility the consumer gets from consuming the two goods.
• D)is the consumer's income level.

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Definitions:

Picasso

Pablo Picasso, a Spanish artist and one of the most influential figures in 20th-century art, known for co-founding the Cubist movement and for his vast oeuvre spanning multiple styles and mediums.

Futurist Movement

An early 20th-century art and social movement originating in Italy, emphasizing speed, technology, youth, violence, and objects such as the car, airplane, and industrial city.

Early-20th-Century

A term referring to the period from 1901 to 1945, marked by significant cultural, social, and political changes worldwide.

Italy

A country in Southern Europe, known for its significant contributions to art, architecture, fashion, cuisine, and Western culture.