If the Vertical Axis Measures Yams Which Cost $20 Per

question 71

Multiple Choice

If the vertical axis measures yams which cost $20 per unit and the horizontal axis measures xylophones which cost $5 a unit,the slope of the budget line is _____.

• A)-20
• B)-3
• C)-0.25
• D)-0.33

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Definitions:

Overconfidence

A cognitive bias characterized by an individual's belief that they are more capable or knowledgeable than they truly are.

Unreasonable Risks

Risks that are not justifiable in context, often exceeding the potential benefits or involving dangers that could have been avoided with prudent judgment.

Logic

The science that investigates the principles governing correct or reliable inference and reasoning.

Psychology

The scientific study of mind and behavior, including the examination of consciousness, perception, emotions, and interpersonal relationships.