On a graph we draw a consumer's budget constraint, measuring the number of apples on the horizontal axis and the number of light bulbs on the vertical axis. If the slope of the budget constraint is -2, then
A)an apple costs twice as much as a light bulb.
B)the opportunity cost of a light bulb is 2 apples.
C)the opportunity cost of an apple is one-half of a light bulb.
D)All of the above are correct.

Question

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The Answer of On a graph we draw a consumer's budget constraint, measuring the number of apples on the horizontal axis and the number of light bulbs on the vertical axis. If the slope of the budget constraint is -2, then
A)an apple costs twice as much as a light bulb.
B)the opportunity cost of a light bulb is 2 apples.
C)the opportunity cost of an apple is one-half of a light bulb.
D)All of the above are correct.

On a Graph We Draw a Consumer's Budget Constraint, Measuring