Consider Two Goods: Pizza and Cola

question 126

Multiple Choice

Consider two goods: pizza and cola.What is the slope of the consumer's budget constraint measured by

• A)the consumer's income divided by the price of cola
• B)the relative price of pizza and cola
• C)the relative income that the consumer spends on pizza and cola
• D)the consumer's spending on pizza divided by the consumer's income

---

Definitions:

For-Profit Basis

A business model that operates with the primary goal of generating profit, often in contrast to non-profit or public service entities.

Nursing Homes

Facilities for the elderly or disabled that provide a range of medical and personal care services.

Medicare

A federal health insurance program in the United States for people who are 65 or older, as well as for some younger people with disabilities.

Cooptation

A strategy by which members of a group are absorbed or assimilated to quell dissent and secure authority.