Joe's income is $500, the price of food (F) is $2 per unit, and the price of shelter (S) is $100. Which of the following represents his marginal rate of transformation of food for shelter?

Refer to Figure 11.2. Suppose that Ca = 40, MPC = 0.8, I = 10. The slope of the consumption function is

A) 0.1. B) 0.2. C) 0.8. D) 0.9.

A buyer of a newly-issued bond

A) is a borrower of funds. B) is a lender of funds. C) is purchasing ownership in the institution that issues the bonds. D) must be a producer and not a consumer.