Consider the budget line in the above figure. If the consumer's income is $120, then the price of a book is
A) $10 per book.
B) $12 per book.
C) $6 per book.
D) More information is needed to determine the price of a book.
B
Economics
You might also like to view...
DHL, a successful European company, is attempting to overcome various legal problems in order to enter the U.S. market of overnight package delivery. Its two major competitors would be FedEx and UPS. As DHL looks to set up a U.S. subsidiary, it wishes to benchmark its organizational architecture. What should it do?
What will be an ideal response?
Economics
Refer to the information provided in Figure 2.6 below to answer the question(s) that follow.
Figure 2.6Refer to Figure 2.6. Economic growth is represented by a
A. movement along ppf1. B. shift from ppf2 to ppf1. C. movement along ppf2. D. shift from ppf1 to ppf2.
Economics