Suppose John Is Planning to Join a Sports Club

question 10

Multiple Choice

Suppose John is planning to join a sports club. Membership in the club will allow John to swim at the pool for half price. Normally swimming for an hour would cost $10. If John has an income of $1000, the club membership fee is $100, and we plot the number of visits to the pool on the horizontal axis and a composite "other goods" which have a price of $1 on the vertical axis, the slope of John's budget line after joining the club will be

• A) -10
• B) -5
• C) -2
• D) -1

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Definitions:

Enthymeme

An argument in which one premise is not explicitly stated, often used in persuasive speech and writing.

Missing Premise

An implicit assumption or statement required to make an argument logically sound but is not explicitly stated.

Traditional View

A perspective or belief system that is based on long-established customs, practices, or institutions.

Existential Import

This concept refers to statements that imply the existence of at least one instance of the subject being discussed.