ch_11 - Name Class Date ID A CH 11 Multiple Choice Identify the choice that best completes the statement or answers the question 1 Timmy makes $100 per

ch_11 - Name Class Date ID A CH 11 Multiple Choice Identify...

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Name: ________________________ Class: ___________________ Date: __________ ID: A1CH 11Multiple ChoiceIdentify the choice that best completes the statement or answers the question. ____ 1. Timmy makes $100 per week as a taxidermist. He spends all this income to buy pizza and hair gel. The price of a pizza is $10 and the price of a bottle of hair gel is $4. If Timmy buys 5 bottles of hair gel, then he buys ____ pizzas. a.10b.4c.8d.20e.None of the above answers is correct. ____ 2. Sarah earns $500 per week selling baskets made out of tree vines. With this money she buys sushi and rose bushes. Each piece of sushi costs $1 and each rose bush costs $10. If Sarah spends $170 per week on sushi, the maximum quantity of rose bushes can she buy each week is ____ bushes. ____ 3. Susan can watch movies or attend plays. The table above gives combinations of movies and plays that are on her budget line. If the price of a movie is $5, then her budget for movies and plays is
Name: ________________________ ID: A2 ____ 4. The figure above shows a consumer's budget line for sodas and DVD rentals. Point arepresents an ____ 5. If the price of a good that a consumer purchases falls, the consumer's budget line will a.rotate outward and its slope will change.b.rotate inward and its slope will change.c.shift outward and its slope will not change.d.shift inward and its slope will not change.e.either rotate or shift outward depending on whether the good has positive or negative marginal utility. ____ 6. You consume hamburgers and hot dogs. If the price of a hamburger increases while the price of a hot dog and your budget do not change, then your budget line will ____ 7. In the United States from 1995 to 2005, which of the following products had the largest relative price decrease?
Name: ________________________ ID: A 3 ____

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