If Sam has $80.00 each week to spend on tacos and magazines, and their respective prices are $.50 per taco and $4.00 per magazine, which of the following equations represents his budget line?
A) $80.00 = $.50/Qt + $4.00/Qm
B) $80.00 = Qt/Qm + $.50 /$4.00
C) $80.00 = $.50(Qm) + $4.00(Qt)
D) $80.00 = $.50(Qt) + $4.00(Qm)
D
Economics
You might also like to view...
If the economy's capital stock increases over time
A) net investment is positive. B) depreciation is less than zero. C) depreciation exceeds gross investment. D) gross investment equals depreciation.
Economics
Intellectual property rights protection is a critical issue for the pharmaceutical industry among others
Indicate whether the statement is true or false
Economics