The Budget Constraint Cuts the Horizontal Axis at 12 Units

question 133

Multiple Choice

The budget constraint cuts the horizontal axis at 12 units of good X and it cuts the vertical axis at 20 units of good Y. If the price of good X is $20 and the price of good Y is $12, then what does income equal?

• A)$200
• B)$240
• C)$520
• D)$280
• E)There is not enough information to answer the question.

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Definitions:

Representative Employees

Workers chosen or elected to voice the concerns and interests of their colleagues during negotiations or in discussions with management.

Noncontroversial Issues

Noncontroversial issues refer to topics or matters that generally do not evoke strong disagreements or opposition, often allowing for easier consensus or discussion.

Lean Production

An approach to manufacturing that emphasizes reducing waste and improving efficiency and quality in the production process.

Taylorism

A management theory developed by F.W. Taylor, emphasizing scientific analysis of workflows to improve economic efficiency, especially labor productivity.