1 Microeconomics, 4e (Perloff) Chapter 5 Applying Consumer Theory 5
1 Deriving Demand Curves 1) The above figure shows Bobby's indifference map for juice and snacks
Also shown are three budget lines resulting from different prices for snacks assuming he has $20 to spend on these goods
Which of the following points are on Bobby's price-consumption curve
A) 10 snacks and 20 juices B) 10 snacks and 0 juices C) 10 snacks and 5 juices D) 10 snacks and 15 juices Answer: D Topic: Deriving Demand Curves 2) The above figure shows Bobby's indifference map for juice and snacks
Also shown are three budget lines resulting from different prices for snacks assuming he has $20 to spend on these goods
Which of the following points are on Bobby's demand curve for snacks
A) p = 2, q