The Income of a Consumer Is $40, the Price of a Is

question 26

Multiple Choice

The income of a consumer is $40, the price of A is $8, and the price of B is $4. If the quantity of A is measured vertically, then the slope of the budget line is

• A)−0.5.
• B)−1.0.
• C)−2.0.
• D)−2.5.

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Definitions:

Impulse to Play

An innate tendency to engage in activities for enjoyment and recreation rather than for a serious or practical purpose.

Consistency

The quality of always acting or behaving in the same way, showing the same standards or principles.

Sociobiologists

Scientists who study the biological basis of social behavior across species, including humans, often focusing on evolutionary influences.

Evolutionary Concepts

Ideas and principles derived from evolutionary biology that explain the adaptations and changes in species over time.