Suppose a Consumer Must Choose Between the Consumption of Sandwiches

question 39

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 R100 and the price of a sandwich is R50, then the slope of the budget constraint is:

• A) 2
• B) 10
• C) ½
• D) 5

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Definitions:

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a theory in psychology that suggests people learn new behaviors through observation, imitation, and modeling from others in their social environment.

Young Boy

A male child or adolescent, typically characterized by youthfulness and immaturity, in the early stages of life.