Question details

ECO 204 CHAPTER 6 FINAL (Micro_TIF1_9e_Chapter06)
$ 15.00
 

 

Household Choice in Open Market

 

1  
 

 

Multiple Choice

 

1)
 

 

Jane has $500 a week to spend on clothing and food. The price of clothing is $25 and the price of food is $10. The clothing and food pairs in Jane's choice set include ________ units of clothing and ________ units of food.

 

A)
 

 

50; 50

 

B)
 

 

20; 50

 

C)
 

 

15; 25

 

D)
 

 

8; 30

 

Answer: 
 

 

D

 

Diff: 2

 

Topic: 
 

 

Household Choices in Output Markets

 

Skill: 
 

 

Analytic

 

AACSB: 
 

 

Analytic Skills  

Available solutions