Alex Distributes His Monthly Income of $600 Between Two Goods,movies,and

question 9

Multiple Choice

Alex distributes his monthly income of $600 between two goods,movies,and food.By spending his entire income on movies,he can enjoy a maximum of 20 movies.On the other hand,by spending his entire income on food he can consume a total of 60 units of food.Assume that food consumption is measured along the horizontal axis and the consumption of movies is measured on the vertical axis.What will be the slope of Alex's budget line when the maximum possible movie consumption declines to 15,all other things remaining the same?

• A)-0.5
• B)-0.25
• C)-1
• D)-0.47

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Definitions:

Target Stores

A chain of retail stores in the United States that offers a wide range of products including clothing, electronics, and household items.

Reverse Product Placement

A marketing strategy where fictional products from movies, television, or other media are created and sold in the real world, leveraging their established popularity.

Product Placement

A marketing strategy where brands pay to have their products featured prominently in movies, television shows, or other media to increase visibility and consumer recognition.

Marketplace

A public space or service where goods and services are exchanged or sold, either physically or through digital platforms.