The figure above shows Sam's budget line. Which of the following formulas represents Sam's budget equation?
A) $60.00 = $1.50/Qg + $3.00/Qc
B) $60.00 = Qg /$1.50 + Qc /$3.00
C) $60.00 = $1.50(Qg) + $3.00(Qc)
D) $60.00 = $1.50(Qg) - $3.00(Qc)
C
Economics
You might also like to view...
For a country such as the U.S., the wealth effect exerts a very important influence on the slope of the aggregate-demand curve, since U.S. wealth is large relative to wealth in most other countries
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following is an example of a monopolistically competitive firm?
a. a frozen yogurt shop b. a pharmaceutical firm c. Honda Motor Corporation d. DeBeers Diamonds
Economics