The Following Figure Shows the Budget Constraint of Lesley When

question 89

Multiple Choice

The following figure shows the budget constraint of Lesley when she is faced with two goods: burgers and icecream.

-Refer to the figure above.If the line represents Lesley's budget constraint,and Lesley has $60 budget to be spent on burgers and ice cream,what is the price of burger and ice cream?

• A) Pbᵤᵣgₑᵣ = $10, and Pᵢcₑcᵣₑₐm = $6
• B) Pbᵤᵣgₑᵣ = $5, and Pᵢcₑcᵣₑₐm = $3
• C) Pbᵤᵣgₑᵣ = $12, and Pᵢcₑcᵣₑₐm = $3
• D) Only the ratio of the prices can be determined

---

Definitions:

Merger Control Statutes

Laws and regulations that govern the merging of companies to prevent anti-competitive practices and ensure market fairness.

Competition

The rivalry among businesses or individuals within a marketplace, aiming for greater sales, market share, and customer loyalty.

Aggressor

An individual, group, or nation that initiates hostile action or unprovoked attack against others.

Target Corporation

A large retail corporation based in the United States, known for its wide range of consumer goods, including clothing, electronics, and household items.