Aconsumer has an income of $1,000 to spend on food and medicine. the price of one unit of food is $5 and the price of one unit of medicine is $10. for each question, write down the mathematical expression of the budget constraint and draw it carefully. put food on the x-axis and medicine on the y-axis. label the incercepts, slopes, and kinks.

Afreezer manufacturer might purchase sheets of steel, wiring, shelving, and so forth, as part of its final product. this is an example of what sub-classification of business market?

Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car.

True of false: the chancellor of a university has commissioned a team to collect data on students' gpas and the amount of time they spend bar hopping every week (measured in minutes). he wants to know if imposing much tougher regulations on all campus bars to make it more difficult for students to spend time in any campus bar will have a significant impact on general students' gpas. his team should use a t test on the slope of the population regression.