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 aboveMULTIPLE 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 aord 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 aord 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