In the Graph Above,which Bundles of Jeans and Sweaters Are

question 20

Multiple Choice

In the graph above,which bundles of jeans and sweaters are on your budget constraint?

• A) Bundles A (5 pairs of jeans, 0 sweaters) and C (3 pairs of jeans and 6 sweaters)
• B) Bundles A (5 pairs of jeans, 0 sweaters), B(4 pairs of jeans and 4 sweaters), and C(3 pairs of jeans and 6 sweaters)
• C) Bundles A (5 pairs of jeans, 0 sweaters), C (3 pairs of jeans and 6 sweaters), and D (2 pairs of jeans and 8 sweaters)
• D) Bundles B (4 pairs of jeans and 4 sweaters), C (3 pairs of jeans and 6 sweaters), and D (2 pairs of jeans and 8 sweaters)

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Definitions:

Access

The ability or right to approach, enter, or use something.

Limited Liability

A legal structure where a company's owners are protected from personal responsibility for its debts or liabilities.

Limited Partners

Investors in a limited partnership who are not involved in daily business operations and whose liability is limited to the amount of their investment.

Participates

To take part in or become involved in an activity or event.