This Graph Shows Three Different Budget Constraints: A,B,and C

question 92

Multiple Choice

This graph shows three different budget constraints: A,B,and C. If Bert has budget constraint A in the graph shown,what is his opportunity cost of three gallons of milk?

• A)Twelve cases of soda
• B)Eight cases of soda
• C)Four cases of soda
• D)It is impossible to say without knowing Bert's income.

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Definitions:

Theory of Planned Behavior

A psychological theory that predicts human behavior on the basis of attitudes, subjective norms, and perceived control over the behavior.

Description

The act of providing details or characteristics of someone or something to give a clear picture.

Organization

pertains to a structured group of people with specific roles and duties working together to achieve common goals or objectives, often in a coordinated and systematic manner.

Direction

Guidance or supervision on how to perform tasks or the course along which something moves or is aimed to move.