Review Chapter 5

# Review Chapter 5 - Econ 221 Winter 2008 Williamson Review...

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Econ 221 Winter, 2008 Williamson Review of Chapter 5 1)

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Jane has \$500 a week to spend on food ( f ) and clothing ( c ). The price of food is \$10 and the price of clothing is \$25. What is the equation for Jane ʹ s budget constraint? A)
f + c < \$500

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B) \$10f + \$25c ≥ \$500
\$10f + \$25c = \$500

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D) \$10f /\$25c = \$500 Refer to the information provided in Figure 6.3 below to answer the questions that follow. Figure 6.3 2 )
cassette tapes increased.

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B) CDs decreased.
CDs increased.

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D) cass ette tapes decreased. Refer to the information provided in Table 6.1 below to answer the questions that follow. Table 6.1 3 )
10.

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B)
15.

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C)
35.

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D) 5 5 .
first

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B)
second

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C)
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