If a Consumer's Budget Line for Food (F)and Shelter (S)is

question 106

Multiple Choice

If a consumer's budget line for food (F) and shelter (S) is represented as F = 250 - 5S,we know that

• A) the consumer's income is 250.
• B) the price of shelter is 5.
• C) the price of shelter is 5 times the price of food.
• D) All of the above.

---

Definitions:

AGI Deduction

A reduction allowed in computing an individual's Adjusted Gross Income, which can include certain business expenses, educational expenses, or health savings account contributions.

Health Savings Account

A tax-advantaged savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan.

High Deductible Health Plan

A health insurance plan with lower premiums and higher deductibles than traditional health plans, often coupled with a Health Savings Account (HSA).

Unreimbursed

Expenses that have not been paid back or compensated, especially reference to employee business expenses.