On a graph we draw a consumer's budget constraint, measuring the number of pineapples on the horizontal axis and the number of pencils on the vertical axis. If the slope of the budget constraint is -6, thenGroup of answer choicesa pineapple costs six times as much as a pencil.the opportunity cost of a pineapple is one-sixth of a pencil.a pencil costs six times as much as a pineapple.the opportunity cost of a pencil is six pineapples.

Sherry is on vacation and wants to bring souvenirs home to family and friends. Her souvenir budget is $100, and she can choose between T-shirts, which cost $20 each, and key chains, which cost $5 each. a) Draw a graph of Sherry’s budget line (key chains are measured on the vertical axis). b) What is the slope of Sherry’s budget line? How does that slope represent an opportunity cost? Suppose that Sherry now finds a store where T shirts are on sale for $10 each. (Key chains still cost $5 each). c) Draw the new budget line in the figure. d) What is the slope of the new budget line? How has the opportunity cost changed?

Ravi has $20.A pineapple costs $1.45 .Work out the largest number of pineapples Ravi can buy and the change he receives

A pineapple costs 135 Lek. An banana costs 50 Lek. The pineapple costs                                % more than the banana.(Round to a whole number)

Figure 22-2In each case, the budget constraint moves from BC1 to BC2. Graph (a) Graph (b) Graph (c) Graph (d) Refer to Figure 22-2. Which of the graphs in the figure could reflect a simultaneous decrease in the prices of both goods?Group of answer choicesOnly graph (a)Only graph (d)None of the graphs in the figure can reflect this.Graph (b) or graph (c)

Consider a diagrammatic representation of a budget set that consists of affordable bundles of non-negative amounts of each of two commodities. Suppose that the quantity of commodity one is represented on the horizontal axis of the diagram and the quantity of commodity two is represented on the vertical axis of the diagram. If the price of commodity two falls, then \cdots. Question 6Select one: a. the budget line steepens. b. the consumer will be able to obtain more of commodity one for less of commodity two. c. the intercept of the budget line with the horizontal axis will shift to the left. d. the consumer's budget set will shrink. e. Both option (a) and option (b) are correct.