The figure above shows Sam's budget line. Which of the following combinations of gasoline and coffee are available to Sam?
A) 40 gallons of gasoline and 1 pound of coffee
B) 1 gallon of gasoline and 20 pounds of coffee
C) 16 gallons of gasoline and 12 pounds of coffee
D) 12 gallons of gasoline and 16 pounds of coffee
C
Economics
You might also like to view...
To an economist, a decrease in supply means a: a. rightward shift of the supply curve
b. movement up along a supply curve. c. leftward shift of the supply curve. d. movement down along the supply curve.
Economics
Under what circumstances do firms in a balanced oligopoly arrive at a Nash equilibrium outcome?
Economics