Assume That a Consumer Has a Given Budget or Income

question 33

Multiple Choice

Assume that a consumer has a given budget or income of $12 and that she can buy only two goods, apples or bananas. The price of an apple is $2.00 and the price of a banana is $1.00. This means that, in order to buy six bananas, this consumer must forgo

• A)3 apples.
• B)0.8 apples.
• C)6 apples.
• D)2 apples.

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Definitions:

Methyl Groups

Chemical groups consisting of one carbon atom bonded to three hydrogen atoms, often involved in modifying DNA or proteins in cells.

Histone

Proteins that package and order the DNA into structural units called nucleosomes, playing a key role in gene regulation.