The Following Figure Shows the Budget Constraint of Lesley When

question 180

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 Lesley's budget for burgers and ice creams is cut by half,Lesley's new budget constraint ________.

• A) will cross the vertical axis at 5, and will cross the horizontal axis at 3
• B) will start from the same point on the vertical axis, but will cross the horizontal axis at 3
• C) will start from the same point on the horizontal axis, but will cross the vertical axis at 5
• D) will cross the vertical axis at 20, and will cross the horizontal axis at 12

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Definitions:

Crude Oil Reserves

Quantities of extractable oil from the earth, estimated based on geological and engineering data, indicating potential resources for future exploitation.

Atomic Bomb

A weapon of mass destruction that releases its destructive energy through nuclear reactions of fission or fusion, causing significant devastation and loss of life.

Hydrocarbons

Organic compounds composed entirely of hydrogen and carbon, commonly found in fossil fuels and used as a primary energy source.

Nonrenewable Fossil Fuels

These are fuels like coal, oil, and natural gas, derived from the decomposed remains of plants and animals, that cannot be replenished within a human time scale.