Intermediate Microeconomics

Chapter 2
unbent-False
Topic: reckon simplicity  subdue Responses: 90 make Answer: False

compute diffidence
Di culty: 1 difference power: 10

2.1 If in that respect are two estimables with positive prices and the price of whizz good is reduced, while income
and other prices remain constant, then(prenominal) the size of the calculate set is reduced.
Topic: Budget Constraint  Correct Responses: 76 Correct Answer: False Di culty: 1 Discrimination tycoon: 24

2.2 If good 1 is measured on the horizontal axis of rotation and good 2 is measured on the vertical axis, and
if the price of good 1 is p1 and the price of good 2 is p2 ; then the slope of the budget line is ,p2 =p1.

Topic: Budget Constraint  Correct Responses: 91 Correct Answer: False

Di culty: 1 Discrimination Index: 13

2.3 If all prices are ingeminated and money income is leftover the same, the budget set does not transplant
because relative prices dont change.
Topic: Budget Constraint  Correct Responses: 93 Correct Answer: True

Di culty: 1 Discrimination Index: 21

2.4 If there are two goods, and if one good has a negative price and the other has a positive
price, then the slope of the budget line will be positive.
Topic: Budget Constraint  Correct Responses: 94 Correct Answer: False

Di culty: 1 Discrimination Index: 12

2.



5 If all prices double and income triples, then the budget line will become steeper.

CHAPTER 2 Budget Constraint
Topic: Budget Constraint  Correct Responses: 95 Correct Answer: False Di culty: 1 Discrimination Index: 13

2

2.6 If well 1 is on the horizontal axis and Good 2 is on the vertical axis, then an increase in the
price of Good 1 will not change the horizontal intercept of the budget line.
Topic: Budget Constraint  Correct Responses: 98 Correct Answer: False Di culty: 1 Discrimination Index: 1

2.7 If there are two goods and the prices of some(prenominal) goods rise, then the budget line must become
steeper.
Topic: Budget Constraint  Correct Responses: 97 Correct Answer: True Di culty: 1...If you want to get a full essay, order it on our website: Orderessay



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