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Sec 21.1 MC The Budget Constraint What the Consumer Can Afford

Sec 21.1 MC The Budget Constraint What the Consumer Can Afford

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时间：2019-09-23

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1、MultipleChoiceFigure21-1Thedownward-slopinglineonthefigurerepresentsaconsumer’sbudgetconstraint.1. RefertoFigure21-1.Iftheconsumer’sincomeis$140,thenwhatisthepriceofaCD? a. $3 b. $5 c. $7 d. $9ANSWER:  cDIFFICULTY:  ModerateREFERENCES:  TheBudgetConstraint-WhattheCon

2、sumerCanAffordLEARNING OBJECTIVES:  ECON.MANK.189-Givenascenariodescribingaconsumer'sincomelevelandthepricesoftwogoods,derivethisconsumer'sbudgetconstraint.TOPICS:  BudgetconstraintsConsumertheoryKEYWORDS:  BLOOM'S:ApplicationCUSTOM ID:  001.21.1-MC-MANK082. RefertoF

3、igure21-1.IfthepriceofaCDis$12,thentheconsumer’sincomeamountsto a. $140. b. $180. c. $210. d. $240.ANSWER:  dDIFFICULTY:  ModerateREFERENCES:  TheBudgetConstraint-WhattheConsumerCanAffordLEARNING OBJECTIVES:  ECON.MANK.189-Givenascenariodescribingaconsumer'sincomelev

4、elandthepricesoftwogoods,derivethisconsumer'sbudgetconstraint.TOPICS:  BudgetconstraintsConsumertheoryKEYWORDS:  BLOOM'S:ApplicationCUSTOM ID:  002.21.1-MC-MANK08CopyrightCengageLearning.PoweredbyCognero.Page 423. RefertoFigure21-1.Aconsumerwhochoosestospendallofheri

5、ncomecouldbeatwhichpoint(s)onthefigure? a. Aonly b. Eonly c. B,C,orDonly d. A,B,C,orDonlyANSWER:  cDIFFICULTY:  EasyREFERENCES:  TheBudgetConstraint-WhattheConsumerCanAffordLEARNING OBJECTIVES:  ECON.MANK.088-Evaluatehowaconsumercanmaximizeutilitysubjecttobudgetlimit

6、ations.TOPICS:  BudgetconstraintsConsumertheoryKEYWORDS:  BLOOM'S:ApplicationCUSTOM ID:  003.21.1-MC-MANK084. RefertoFigure21-1.Allofthepointsidentifiedonthefigurerepresentaffordableconsumptionoptionswiththeexceptionof a. A. b. E. c. AandE. d. Noneoftheabovearecorrec

7、t.Allofthepointsidentifiedonthefigureareaffordable.ANSWER:  bDIFFICULTY:  ModerateREFERENCES:  TheBudgetConstraint-WhattheConsumerCanAffordLEARNING OBJECTIVES:  ECON.MANK.088-Evaluatehowaconsumercanmaximizeutilitysubjecttobudgetlimitations.TOPICS:  BudgetconstraintsC

8、onsumertheoryKEYWORDS:  BLOOM'S:ApplicationCUSTOM ID:  004.21.1-MC-MANK08Figure21-2Thedownward-slopinglineonthefigurerepresentsacon

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