John eams $4.800 per month. He spends all of his money on two goods, A and B. The price of good A is $240, and the price of good B is $400. Identify the intercepts of John's budget constraint if good A is plotted on the x-axis and good B is plotted on the y-axis. OA. 10 units of good A on the x-axis and 8 units of good B on the y-axis B. 8 units of good A on the x-axis and 20 units of good B on the y-axis OC. 20 units of good A on the x-axis and 12 units of good B on the y-axis OD. 18 units of good A on the x-axis and 45 units of good B on the y-axis The slope of John's budget constraint is (Round your response to two decimal places. Use a negative sign if you are entering a negative number)

John eams $4.800 per month. He spends all of his money on two goods, A and B. The price of good A is $240, and the price of good B is $400. Identify the intercepts of John's budget constraint if good A is plotted on the x-axis and good B is plotted on the y-axis. OA. 10 units of good A on the x-axis and 8 units of good B on the y-axis B. 8 units of good A on the x-axis and 20 units of good B on the y-axis OC. 20 units of good A on the x-axis and 12 units of good B on the y-axis OD. 18 units of good A on the x-axis and 45 units of good B on the y-axis The slope of John's budget constraint is (Round your response to two decimal places. Use a negative sign if you are entering a negative number)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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John eams $4,800 per month. He spends all of his money on two goods, A and B. The price of good A is $240, and the price of good B is $400.
Identify the intercepts of John's budget constraint if good A is plotted on the x-axis and good B is plotted on the y-axis.
OA. 10 units of good A on the x-axis and 8 units of good B on the y-axis
B. 8 units of good A on the x-axis and 20 units of good B on the y-axis
OC. 20 units of good A on the x-axis and 12 units of good B on the y-axis
OD. 18 units of good A on the x-axis and 45 units of good B on the y-axis
The slope of John's budget constraint is
(Round your response to two decimal places. Use a negative sign if you are entering a negative number)

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