A Budget Line Identifies Combinations of Two Goods That a Consumer

question 133

Multiple Choice

A budget line identifies combinations of two goods that a consumer

• A)will purchase if the prices are low enough.
• B)will purchase, given his or her preferences.
• C)wants to purchase.
• D)is able to purchase, given his or her income and prices.
• E)has purchased, given his or her income and prices.

---

Definitions:

Perfect Square

A number that is the square of an integer, meaning it can be expressed as the multiplication of an integer by itself.

Perfect Cube

A number that can be expressed as the cube of an integer.

Neither

Indicates a situation or condition where none of the specified alternatives or options apply.

Cube Roots

The number that when multiplied by itself twice gives the original number. Symbolically, the cube root of \(x\) is \(x^{1/3}\).