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Unformatted text preview: for lunch at the student cafeteria. Their budget constraints on a diagram with orange juice on the vertical axis and croissants on the horizontal have the same A), horizontal intercepts. B), vertical intercepts. C), slopes. D), midpoints. 3, Suppose the price of soda is $2 each and the price of a pizza slice is $4 each. Jean maximizes utility and buys only sodas and slices of pizza. If the price of a soda increases to $3 each, Jean's marginal utility per soda A), will increase and she'll buy more soda. B), will decrease and she'll buy fewer sodas. C), will decrease and she'll buy more pizza. D), Both B and C are correct. 4, Given the indifference curve in the below figure, which point is preferred to point a? A), point b B), point c C), point d D), point e THE END 2...
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This test prep was uploaded on 04/19/2008 for the course ECON 200 taught by Professor Newton during the Spring '08 term at Ohio State.
- Spring '08