MULTIPLE CHOICE Topic: Budget Constraint Difficulty %o Correct Res sponses: 95 Discrimination Index: 17 Correct Answer: C 2.21 If you spent your entire income, you could afford eit her 4 units of z and 8 units of y or 8 its of r and 4 units of y. If you spent your entire income on a, how many units of z could you buy? (a)20 )17 (c)12 1) There is not enough information to determine the amount of r (e) None of the above Topic: Budget Constraint %o Correct Responses: 95 Discrimination Index: I Correct Answer: C 2.22 If you spent your entire income, you could afford eit her 5 units of z and 15 units of y or 15 units of z and 5 units of y. If you spent your entire income on z, how many units of x could you buy? (a)35 (c)20 I)Ther ot enough information to determine the amount of: (e) None of the above Topic: Budget Constraint Difficulty: I %o Correct Res Discrimination Index orrect Answer: C 2.23 Bell a's budget line for x and y depends on all of the following except (a)the ar (c) her preferences between a and (d) the price of y (e) none of the above
MULTIPLE CHOICE 11 Topic: Budget Constraint Diculty: 1 % Correct Responses: 95 Discrimination Index: 17 Correct Answer: C 2.21 If you spent your entire income, you could a ord either 4 units of x and 8 units of y or 8 units of x and 4 units of y. If you spent your entire income on x; how many units of x could you buy? (a) 20 (b) 17 (c) 12 (d) There is not enough information to determine the amount of x. (e) None of the above. Topic: Budget Constraint Diculty: 1 % Correct Responses: 95 Discrimination Index: 17 Correct Answer: C 2.22 If you spent your entire income, you could a ord either 5 units of x and 15 units of y or 15 units of x and 5 units of y. If you spent your entire income on x; how many units of x could you buy? (a) 35 (b) 24 (c) 20 (d) There is not enough information to determine the amount of x. (e) None of the above. Topic: Budget Constraint Diculty: 1 % Correct Responses: 95 Discrimination Index: 10 Correct Answer: C 2.23 Bella's budget line for x and y depends on all of the following except: (a) the amount of money she has to spend on x and y. (b) the price of x. (c) her preferences between x and y. (d) the price of y. (e) none of the above
CHAPTER 2 Budget Constraint Topic: Budget Constraint Difficulty: 1 9 Correct Responses: 94 Disariminat ion Index: 26 Correct Answer: D 2.24 Your budget constraint for the two goods A and B is 12A+4B= I where I is your income You are currently consuming more than 45 units of B. In order to get 5 more units of A, how many units of B would you have to give up (d)15 e) None of the above Topic: Budget Constraint Difficulty: 1 7 Correct Responses: 94 Disariminat ion In dex: 26 Correct Answer: D 2.25 Your budget const raint for the two goods A and B is 6A +3B You are currently consuming more than 12 units of B. In order to get 2 more units of A, how many nits of B would you have to give up (c)2 (e) None of the above
CHAPTER 2 Budget Constraint 12 Topic: Budget Constraint Diculty: 1 % Correct Responses: 94 Discrimination Index: 26 Correct Answer: D 2.24 Your budget constraint for the two goods A and B is 12A + 4B = I where I is your income. You are currently consuming more than 45 units of B. In order to get 5 more units of A, how many units of B would you have to give up? (a) 0.33 (b) 0.07 (c) 3 (d) 15 (e) None of the above. Topic: Budget Constraint Diculty: 1 % Correct Responses: 94 Discrimination Index: 26 Correct Answer: D 2.25 Your budget constraint for the two goods A and B is 6A + 3B = I where I is your income. You are currently consuming more than 12 units of B. In order to get 2 more units of A, how many units of B would you have to give up? (a) 0.50 (b) 0.25 (c) 2 (d) 4 (e) None of the above
MULTIPLE CHOICE B Difficul ty: 2 9 Correct REsp anse Discrimination index: 32 Correct Answer: A 2.26 Young Alasd air loves lolli pops and hates oat meal. To induce him to eat enough oat meal d to restrain him from eating too many lollipops, his mum pays him 10 pence for every quart of oat meal that he eats. The only way that he can get lolli pops is to buy them at the sweet shop. where lollipops cost 5 pence each. Besides what he earns from eating oat meal, Alasdair gets an allowance of 10 pence per week. If Alasdair consumes only oat meal and lolli pops and if his con sumption bundles are graphed with quarts of oat meal on the horizont al axis and lolli pops on the vertical axis. then Alasdairs budget line (a) has a slope of 2 (b) has a slope of less than -2 (c) has a slope of-2 (d has a slope of 1/2 (e) has a slope greater than 2 Topic Budget Constraint DIfficul ty: 2 f Correct REsp anses: 41 Discrimination index: 30 Correct Answer: C 2.27 The Chuzzlewit have an income of Sm per week. Let x be food and let y be all ot her goods be the price of food and py be the price of ot her goods. They can use food stamps to buy ood at a price of pr(l-s) for up to x* units of food per week. If they buy more food than x they have to pay the full price, pr for additional units. Their weekly income is greater than p The maximum amount of food t hat t hey can buy per week is (a ) x*+(m/pr (c)(m/pr)+sx* e)(m+p)/(1-s)pr
MULTIPLE CHOICE 13 Topic: Budget Constraint Diculty: 2 % Correct Responses: 70 Discrimination Index: 32 Correct Answer: A 2.26 Young Alasdair loves lollipops and hates oatmeal. To induce him to eat enough oatmeal and to restrain him from eating too many lollipops, his mum pays him 10 pence for every quart of oatmeal that he eats. The only way that he can get lollipops is to buy them at the sweet shop, where lollipops cost 5 pence each. Besides what he earns from eating oatmeal, Alasdair gets an allowance of 10 pence per week. If Alasdair consumes only oatmeal and lollipops and if his consumption bundles are graphed with quarts of oatmeal on the horizontal axis and lollipops on the vertical axis, then Alasdair's budget line: (a) has a slope of 2. (b) has a slope of less than 2. (c) has a slope of 2. (d) has a slope of 1=2. (e) has a slope greater than 2. Topic: Budget Constraint Diculty: 2 % Correct Responses: 41 Discrimination Index: 30 Correct Answer: C 2.27 The Chuzzlewits have an income of $m per week. Let x be food and let y be all other goods. Let px be the price of food and py be the price of other goods. They can use food stamps to buy food at a price of px(1 s) for up to x* units of food per week. If they buy more food than x*, they have to pay the full price, px for additional units. Their weekly income is greater than px(1 s)x. The maximum amount of food that they can buy per week is: (a) x +(m=px) (b) (m + x)=px (c) (m=px) + sx (d) m=(1 s)px (e) (m + px)=(1 s)px
CHAPTER 2 Budget Constraint Topic: Budget Constraint Difficulty: 1 y Correct Responses: 100 Discrimination Index Correct Answer: C 2.28 Edmund must pay $6 each for punk rock video casettes, V. If Ed mund is paid $24 per sack for accepting garbage, G, and if his rel atives send him an allow ance of $192, then his budget line escribed by the equation (a)6V=24G (b)6V+24G=192 (c)6V-24G=192 (d)6V=192-G e) None of the above udget Constraint Difficulty: 1 Res Discriminat ion Index: 0 2.29 Edmund must pay $6 each for punk rock video casettes, V. If Edmund is paid $24 per sack for accepting garbage, G, and if his rel atives send him an allow ance of $168, t hen his budget line is d by the equat (a)6V=24G 1)6V=168-G (e) None of the above Topic: Budget Constraint Difficulty: 0 Correct Responses: 0 Discriminat ion Index: 0 30 If you have an income of $40 to spend, if commodity 1 costs 4 per unit, and commodity 2 (a)x1/4+x2/20=4 e)24(x1+x2)=4
CHAPTER 2 Budget Constraint 14 Topic: Budget Constraint Diculty: 1 % Correct Responses: 100 Discrimination Index: 0 Correct Answer: C 2.28 Edmund must pay $6 each for punk rock video casettes, V . If Edmund is paid $24 per sack for accepting garbage, G; and if his relatives send him an allowance of $192, then his budget line is described by the equation: (a) 6V = 24G. (b) 6V + 24G = 192. (c) 6V 24G = 192. (d) 6V = 192 G. (e) None of the above. Topic: Budget Constraint Diculty: 1 % Correct Responses: 100 Discrimination Index: 0 Correct Answer: C 2.29 Edmund must pay $6 each for punk rock video casettes, V . If Edmund is paid $24 per sack for accepting garbage, G; and if his relatives send him an allowance of $168, then his budget line is described by the equation: (a) 6V = 24G. (b) 6V + 24G = 168. (c) 6V 24G = 168. (d) 6V = 168 G. (e) None of the above. Topic: Budget Constraint Diculty: 0 % Correct Responses: 0 Discrimination Index: 0 Correct Answer: C 2.30 If you have an income of $40 to spend, if commodity 1 costs $4 per unit, and commodity 2 costs $20 per unit, then the equation for your budget line can be written as: (a) x1=4 + x2=20 = 40. (b) (x1 + x2)=(24) = 40. (c) x1 + 5x2 = 10. (d) 5x1 + 21x2 = 41. (e) 24(x1 + x2) = 40
MULTIPLE CHOICE Topic: Budget Constraint Difficulty: o y Correct Responses: o Correct Answer: C 2.31 If you have an income of $36 to spend, if commodity 1 costs $4 per unit, and commodity costs $12 per unit, then the equation for your budget line can be written as a)z1/4+x2/12=36 (c)x1+3x2=9 (d)5x1+13 1 Topic: Budget Constraint Difficulty: 1 %o Correct Resp Discriminat ion Index: 20 of y, then if you spent all of your income on y, how many units of y could you buy and 2.32 If you could exactly afford eit her 5 units of r and 17 units of y, or 8 units of unIts (c)49 (d)13 (e) None of the above Topic: Budget Constrain Difficulty:1 y Correct Responses: 85 Discriminat ion Index: 20 2.33 If you could exactly afford eit her 6 units of r and 17 units of y, or 9 units of a and 8 units of y, then if you spent all of your income on y, how many units of y could you buy? (e) None of the above
MULTIPLE CHOICE 15 Topic: Budget Constraint Diculty: 0 % Correct Responses: 0 Discrimination Index: 0 Correct Answer: C 2.31 If you have an income of $36 to spend, if commodity 1 costs $4 per unit, and commodity 2 costs $12 per unit, then the equation for your budget line can be written as: (a) x1=4 + x2=12 = 36. (b) (x1 + x2)=(16) = 36. (c) x1 + 3x2 = 9. (d) 5x1 + 13x2 = 37. (e) 16(x1 + x2) = 36. Topic: Budget Constraint Diculty: 1 % Correct Responses: 85 Discrimination Index: 20 Correct Answer: A 2.32 If you could exactly a ord either 5 units of x and 17 units of y; or 8 units of x and 5 units of y; then if you spent all of your income on y; how many units of y could you buy? (a) 37 (b) 25 (c) 49 (d) 13 (e) None of the above. Topic: Budget Constraint Diculty: 1 % Correct Responses: 85 Discrimination Index: 20 Correct Answer: A 2.33 If you could exactly a ord either 6 units of x and 17 units of y; or 9 units of x and 8 units of y; then if you spent all of your income on y; how many units of y could you buy? (a) 35 (b) 26 (c) 44 (d) 15 (e) None of the above