Figure 5-5 shows a consumer budget line for French fries and hamburgers. If the household has $20 to spend, the price of hamburgers is

Which is NOT an example of signaling high quality in a social setting

a. wearing a business suit on a job interview b. scrimping on the tip for the waiter after a dinner date c. offering an expensive engagement ring to your bride d. Visiting the beauty salon before a big date

In economics

A) costs are seen as all the previous opportunities B) costs are seen as the next best opportunity C) are measured in monetary units only. D) costs are only fixed.