If You Have an Income of $18 to Spend, If

question 32

Multiple Choice

if you have an income of $18 to spend, if commodity 1 costs $3 per unit, and if commodity 2 costs $9 per unit, then the equation for your budget line can be written

• A)x₁/3 + x₂/9 = 18.
• B)4x₁ + 10x₂ = 19.
• C)x₁ + 3x₂ = 6.
• D)(x₁ + x₂)/12 = 18.
• E)12(x₁ + x₂) = 18.

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Definitions:

Fiscal Year

A one-year period used for financial reporting and budgeting purposes, which does not necessarily align with the calendar year.

Semiannual Interest

Interest that's computed and disbursed semi-annually, commonly associated with bonds and loans.

Alternative Financing Plans

Different strategies or options available for securing funds needed for business operations or expansion.

Earnings Per Share

A financial ratio that indicates the portion of a company's profit allocated to each outstanding share of common stock.