On a graph we draw a consumer's budget constraint, measuring the number of pineapples on the horizontal axis and the number of pencils on the vertical axis. If the slope of the budget constraint is -6, then
A) a pencil costs six times as much as a pineapple.
B) the opportunity cost of a pineapple is one-sixth of a pencil.
C) the opportunity cost of a pencil is six pineapples.
D) a pineapple costs six times as much as a pencil.
Correct Answer:
Verified
Q149: Figure 21-7
The following graph shows three possible
Q150: Figure 21-7
The following graph shows three possible
Q151: Figure 21-7
The following graph shows three possible
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A)a firm's profits.
B)a consumer's budget.
C)a
Q158: Figure 21-7
The following graph shows three possible
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