# ch_11 - Name: _ Class: _ Date: _ ID: A CH 11 Multiple...

• Assessment
• 10
• 50% (2) 1 out of 2 people found this document helpful

This preview shows page 1 - 4 out of 10 pages.

Name: ________________________Class: ___________________Date: __________ID: ACH 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 priceof 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.
1
____2.Sarah earns \$500 per week selling baskets made out of tree vines. With this money she buys sushi and rosebushes. 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 onher budget line. If the price of a movie is \$5, then her budget for movies and plays is
##### We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Chapter 10 / Exercise 10
Exploring Microeconomics
Sexton
Expert Verified
Name: ________________________ID: A____4.The figure above shows a consumer's budget line for sodas and DVD rentals. Pointarepresents an
2
____5.If the price of a good that a consumer purchases falls, the consumer's budget line willa.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 negativemarginal utility.
____6.You consume hamburgers and hot dogs. If the price of a hamburger increases while the price of a hot dog andyour 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 pricedecrease?
Name: ________________________ID: A3____

Course Hero member to access this document

Course Hero member to access this document

End of preview. Want to read all 10 pages?

Course Hero member to access this document

Term
Fall
Professor
Pizano
Tags
##### We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
The document you are viewing contains questions related to this textbook.
Chapter 10 / Exercise 10
Exploring Microeconomics
Sexton
Expert Verified