Refer to the information provided in Figure 6.1 below to answer the questions that follow. Number of hot dogs per month A) Php20. B) Php60. C) Php100. D) Php300. 40 Eon's monthly budget constraint E 8 •D с 0 20 Number of hamburgers per month QUESTION #8: Refer to Figure 6.1. Assume Eon is on budget constraint AC. If the price of a hamburgeris Php5, Tom's monthly income is
Refer to the information provided in Figure 6.1 below to answer the questions that follow. Number of hot dogs per month A) Php20. B) Php60. C) Php100. D) Php300. 40 Eon's monthly budget constraint E 8 •D с 0 20 Number of hamburgers per month QUESTION #8: Refer to Figure 6.1. Assume Eon is on budget constraint AC. If the price of a hamburgeris Php5, Tom's monthly income is
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
Transcribed Image Text:Refer to the information provided in Figure 6.1 below to answer the questions that follow.
A) Php20.
B) Php60.
C) Php100.
D) Php300.
Number of hot dogs
40
Eon's monthly budget constraint
E
A) A.
B) B.
C) E.
D) D.
8
•D
QUESTION #8: Refer to Figure 6.1. Assume Eon is on budget constraint AC. If the price of a hamburgeris Php5, Tom's
monthly income is
20
Number of hamburgers per month
QUESTION #9: Refer to Figure 6.1. The slope of budget constraint AC is
A) -5.0.
B)-2.0.
C) -0.5.
D) indeterminate from this information because prices are not given.
QUESTION #10: Refer to Figure 6.1. Assume Eon's budget constraint is AC. He does not spend hisentire income at
point
A) A.
B) B.
C) D.
D) E.
QUESTION #11: Refer to Figure 6.1. Assume Eon's budget is AC. Given his current monthly income hecannot purchase
the bundle of goods at point
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