Figure 10-8 -Refer to Figure 10-8.If the Price of Biscotti Is $1.50

question 91

Multiple Choice

Figure 10-8

-Refer to Figure 10-8.If the price of biscotti is $1.50 and the price of a cappuccino is $3.00, what is the slope of the budget constraint?

• A)-2
• B)-(3.00 - 1.50)/(3.00 + 1.50)= -1/3
• C)-1/2
• D)The slope cannot be determined without the value of income.

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Definitions:

Endless Chain Referral Method

A method of prospecting whereby a salesperson asks each buyer for a list of friends who might also be interested in buying the product.

Salesperson

A professional who specializes in selling products or services to customers, using knowledge, persuasion, and interpersonal skills to achieve sales goals.

Refers

The act of directing someone to a different source or person for information, help, or action.

Referral

The action of directing someone to a different person or place for information, help, or action, often leading to new business opportunities.