Figure 10-9 -Refer to Figure 10-9.If the Price of Biscotti Is $1.50

question 111

Multiple Choice

Figure 10-9

-Refer to Figure 10-9.If the price of biscotti is $1.50 and the price of a cappuccino is $3.00, what is the slope of the budget constraint?

• A)-2
• B)-(3.00 - 1.50)/(3.00 + 1.50)= -1/3
• C)-1/2
• D)The slope cannot be determined without the value of income.

---

Definitions:

Short-Swing Profits

Profits made from the sale of company stock within any six-month period by a statutory insider.

Statutory Insider

An individual or entity that possesses confidential information about a company due to their position or relationship to it, as defined by law.

Company Stock

Equity securities issued by a corporation, representing ownership interests in the company.

Prefiling Period

In securities registration, the period that begins when an issuer starts to think about issuing securities and ends when the issuer files the registration statement and prospectus with the SEC.