In Producing a Budget Constraint Line for Combinations of Staples

question 70

Multiple Choice

In producing a budget constraint line for combinations of staples and paper clips,which are sold by the box,a student labels the points (0,5) and (10,0) along the line.Staples occupy the vertical axis,while paper clips are situated on the horizontal axis.Therefore,boxes of

• A) staples cost twice as much as boxes of paper clips.
• B) paper clips cost twice as much as boxes of staples.
• C) staples cost $10.
• D) paper clips cost $5.
• E) staples cost the same as boxes of paper clips.