Suppose That an Iso-Profit Line Is Given to Be X

question 42

Multiple Choice

Suppose that an iso-profit line is given to be X + Y = 10.Which of the following represents another iso-profit line for the same scenario?

• A)X + Y = 15
• B)X - Y = 10
• C)Y - X = 10
• D)2X + Y = 10
• E)none of the above

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Definitions:

Disposable Income

Income available to households after accounting for taxes and social security charges, available for spending or saving.

Gross Domestic Product

The total market value of all final goods and services produced within a country in a specific time period.

Aggregate Expenditure

This is the total spending on final goods and services in an economy, including consumption, investment, government purchases, and net exports.

Disposable Income

The budget households have for expenses and savings after income tax deductions.