Suppose a Consumer Purchases Pizza and Soft Drinks

question 11

Multiple Choice

Suppose a consumer purchases pizza and soft drinks.If pizza is measured on the vertical axis and soft drinks are measured on the horizontal axis,then the slope of the budget line is equal to:

• A) the price of pizza divided by the price of soft drinks.
• B) the price of soft drinks divided by the price of pizza.
• C) the price of pizza divided by the price of soft drinks times negative one.
• D) the price of soft drinks divided by the price of pizza times negative one.

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Definitions:

Social Loafing

When part of a team, individuals often show a decrease in effort towards goal completion as opposed to their solo endeavors.

Individual Productivity

The amount of output or work a single person can produce in a given timeframe.

Group Polarization

A group's propensity to opt for decisions that are more pronounced in extremity than the early tendencies of its members.

Acquittal

A legal judgment that a person is not guilty of the crime with which they have been charged.