Consider budget constraints A and B in the graph shown. The slope of A compared to the slope of B:





A. is steeper, showing that movie tickets are relatively more expensive in line A.

B. is flatter, showing that books are relatively less expensive in line A.

C. shows that the opportunity cost of books is smaller in line A.

D. shows that the opportunity cost of books is greater in line A.

D. shows that the opportunity cost of books is greater in line A.

Economics

You might also like to view...

Many researchers blame the severity and length of the Great Depression on the breadth and depth of government interference in private market affairs

Indicate whether the statement is true or false

Economics

The more profits are reinvested into the firm, the

A) less there is available to distribute to bondholders. B) less there is available to distribute to stockholders. C) more the firm will be able to raise in sales of new issues to stock. D) more bonds the firm will sell in order to pay their required dividends to preferred stockholders.

Economics