--%>
Assignment Help - homework help

Depicts shift of the budget line

The shift of the budget line from cd to ab in the below  given figure is consistent with: 1) decreases in the prices of both M and N . 2) an increase in the price of M and a decrease in the price of N . 3) a decrease in money income. 4) an increase in money income.

1660_2.png

Can some one help me in above que?

   Related Questions in Microeconomics

  • Q : Economic profits by potential customers

    When you lease a building for five years and rapidly achieve economic profits since it is located conveniently for potential customers: (1) you could capitalize some of these pure profits when you sold your business along with a sublease at the ending

    		•
  • Q : Wage Differentials problem Can someone

    Can someone please help me in finding out the accurate answer from the following question. Significant influences on the union non-union wage differentials comprise the: (1) Proportion of the industry which is unionized and the frequency of strikes. (2) Frequency of s

    		•
  • Q : Tax onto the mathematically impaired By

    By the opinion of public finance economists and financial analysts that the label “a tax onto the mathematically impaired” is most likely most applicable to: (1) land taxes. (2) income taxes. (3) inheritance taxes. (4) purchases of lottery

    		•
  • Q : Equality between marginal revenue and

    A profit-maximizing monopolist which does not price discriminate and that faces a demand curve that is higher at some output levels than is the firm’s average variable cost curve finds out price and quantity where: (w) profit pe

    		•
  • Q : Elastic industry What industry is

    What industry is perfectly elastic that is not agriculture?

    		•
  • Q : Equal Income Distribution The income

    The income distribution tends to become more equal most quickly as countries become more: (1) socialistic. (2) capitalistic. (3) economically developed. (4) centrally planned. (5) agricultural. Please choose the ri

    		•
  • Q : Unitary price elasticity of demand curve

    HoloIMAGine has patented a holographic technology which makes 3-D photography obtainable to consumers. So the demand curve facing HoloIMAGine has unitary price elasticity at: (i) output q1. (ii) output q3. (iii) output q4

    		•
  • Q : Human Capital-Individuals premium wages

    The firm which offers its workers by substantial specific training tends to: (i) Pay such individuals premium wages to try to make sure retaining such workers. (ii) Need workers to sign the legal contracts of indenture and peonage. (iii) Raise worker productivity appr

    		•
  • Q : Relatively price inelasticity of demand

    When cuts into the price of cowboy hats drive down total revenues to hat makers, in that case demand: (1) relatively price elastic. (2) relatively price inelastic. (3) unitarily price elastic. (4) infinitely price elastic. (5) zero pr

    		•
  • Q : For the firm For the firm, the major

    For the firm, the major goal of profit sharing plans is to: force workers to incur some of the business risk. overcome the monopsony problem of having to pay higher wages to attract additional workers. overcome the principal-agent problem by better aligning the workers' interests with

    		•