A Budget Constraint

question 12

Multiple Choice

A budget constraint:

• A) must be convex to the origin if consumers prefer more to less.
• B) will be upward-sloping if consumers consider one good a "bad."
• C) must be downward-sloping if both goods have positive prices.
• D) will be concave to the origin if the consumer's budget is fixed.
• E) will always have slope equal to -1.

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Definitions:

Cellular Slime Mold

A group of funguslike amoebozoan protists whose feeding stage consists of unicellular, amoeboid organisms that aggregate to form a pseudoplasmodium during reproduction; compare with plasmodial slime mold.

Dictyostelium

A genus of amoebae that are used as model organisms in molecular biology and genetics.

Ion Channels

Channels for the passage of ions through a membrane; formed by specific membrane proteins.

Plasma Membranes

The plasma membrane is the biological membrane that separates the interior of all cells from the outside environment, controlling the movement of substances in and out of cells.