Figure 22-1​Refer to Figure 22-1. A consumer who chooses to spend all of her income could be at which point(s) on the figure?Group of answer choicesA, B, C, or D onlyA onlyE onlyB, C, or D only

Consider a consumer who can buy good 1 or 2. The price of good 1 is $5 and the price for good 2 is $4. The consumer has income of 60. She buys 12 units of good 2. The consumer wants to also purchase 2 units of good 1. Which statement is true?Group of answer choicesThis is feasible, as the consumer is inside her budget setThis is outside the consumer’s budget set – it is unaffordableThis is affordable – the consumer would be consuming on her budget constraintall of the abovenone of the above PreviousNext

Use the figure to answer the question.  The income expenditure multiplier equalsGroup of answer choices0.5624

Figure 22-14Refer to Figure 22-14. Suppose the price of good X is $8, the price of good Y is $10, and the consumer's income is $360. Then the consumer's optimal choice is to buyGroup of answer choices40 units of good X and 4 units of good Y.30 units of good X and 12 units of good Y.15 units of good X and 24 units of good Y.20 units of good X and 20 units of good Y.

_______ more you earn, _______ more you can spend.*1 point(A) So, as(B) As, as(C) The, the(D) If, than

Figure 22-11​​Refer to Figure 22-11. Assume that the consumer depicted in the figure has an income of $20. The price of Skittles is $2 and the price of M&M's is $4. The consumer's optimal choice is pointGroup of answer choicesC.A.D.B.