Consider the following graph, which shows the relationship between an individual’s income and the number of times he or she eats out each month. Hint: When answering the following, be sure to specify the appropriate units. The blue point already shown on the graph shows the data for Cho. According to the graph, Cho’s income is ______ (options: $6000 per month, $6000, $12, $12 per month), and she has _____ (options: 12 dinners out per month, 6000 dinners out, 12 dinners out, 6000 dinners out per month). Suppose Cho’s friend Bob has an income of $3,000 per month and has 6 dinners out per month. Plot this on the graph.
Consider the following graph, which shows the relationship between an individual’s income and the number of times he or she eats out each month. Hint: When answering the following, be sure to specify the appropriate units. The blue point already shown on the graph shows the data for Cho. According to the graph, Cho’s income is ______ (options: $6000 per month, $6000, $12, $12 per month), and she has _____ (options: 12 dinners out per month, 6000 dinners out, 12 dinners out, 6000 dinners out per month). Suppose Cho’s friend Bob has an income of $3,000 per month and has 6 dinners out per month. Plot this on the graph.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Consider the following graph, which shows the relationship between an individual’s income and the number of times he or she eats out each month.
Hint: When answering the following, be sure to specify the appropriate units.
The blue point already shown on the graph shows the data for Cho. According to the graph, Cho’s income is ______ (options: $6000 per month, $6000, $12, $12 per month), and she has _____ (options: 12 dinners out per month, 6000 dinners out, 12 dinners out, 6000 dinners out per month).
Suppose Cho’s friend Bob has an income of $3,000 per month and has 6 dinners out per month. Plot this on the graph.
Transcribed Image Text:20
18
Bob
16
6, 12
14
12
10
8
6
4
2
+
1
2
3
4
7
8
9
10
INCOME (Thousands of dollars per month)
QUANTITY (Dinners out per month)
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