Assume the Quantity of X Is Measured on the Horizontal

question 8

Multiple Choice

Assume the quantity of X is measured on the horizontal axis, and the quantity of Y is measured on the vertical axis. Assume the price of X is $3, and the price of Y is $6. If Amanda has $90 to spend on X and Y , then:

• A) she can buy at most 30 X.
• B) her budget line has a slope of - 2.
• C) her budget line has a slope of -3.
• D) she can buy at most 15 X.

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Definitions:

Content

Information or material contained within a medium or work, including written, visual, or auditory material.

Quantity

A property that can exist as a multitude or magnitude, which makes it possible to compare or measure objects or events.

Standard Form E

A specific configuration in categorical logic, indicating a statement where no members of one category are members of another category.

Quality

An attribute or characteristic that defines the nature of something, often used to describe the standard of something compared to other similar things.