m m m m m m m m
Macroeconomics 22nd Edition by McConnell CH01
m m m m m
ANSWERS ARE LOCATED IN THE SECOND PART OF THIS DOCUMENT
m m m m m m m m m
MULTIPLEmCHOICEm-
mChoosemthemonemalternativemthatmbestmcompletesmthemstatementmorm
answersmthemquestion
.
1)
Refermtomthembudgetmlinemshownminmthemdiagram.mIfmthemconsumer'smmoneymincomemism$40,mthe
1)mm
A) pricesmofmCmandmDmcannotmbemdetermined.
B) pricemofmCmism$5mandmthempricemofmDmism$10.
C) consumermcanmobtainmamcombinationmofm5munitsmofmbothmCmandmD.
D) pricemofmCmism$8mandmthempricemofmDmism$4.
QuestionmDetails
AACSBm:mReflectivemThinkingmAcc
essibilitym:mKeyboardmNavigationmTe
stmBankm:mI
Bloom'sm:mUnderstandm
Difficultym:m02mMediu
m
LearningmObjectivem:m01-04mExplainmthemindividualsmeconomizingmproblemmandmillustratemtrade-
offs,moppmTopicm:mIndividualsmEconomizingmProblem
Accessibilitym:mScreenmReadermCompatible
Versionm 1
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Macroeconomics 22nd Edition by McConnell CH01
m m m m m
2)
Supposemyoumhavemammoneymincomemofm$10,mallmofmwhichmyoumspendmonmCokemandmpopcorn.mIn
mthem
diagram,mthempricesmofmCokemandmpopcorn,mrespectively,mare
2)mm
A)m $0.50mandm$1.00.
B)m $1.00mandm$0.50.
C)m $1.00mandm$2.00.
D)m $0.40mandm$0.50.
QuestionmDetails
AACSBm:mReflectivemThinkingmAcc
essibilitym:mKeyboardmNavigationmTe
stmBankm:mI
Bloom'sm:mUnderstandm
Difficultym:m02mMediu
m
LearningmObjectivem:m01-04mExplainmthemindividualsmeconomizingmproblemmandmillustratemtrade-
offs,moppmTopicm:mIndividualsmEconomizingmProblem
Accessibilitym:mScreenmReadermCompatible
3) AssumemthempricemofmproductmYm(themquantitymofmwhichmismonmthemverticalmaxis)mism$20m
andmthempricemofmproductmXm(themquantitymofmwhichmismonmthemhorizontalmaxis)mism$5.mAlsomassu
memthatmmoneymincomemism$60.mThemabsolutemvaluemofmthemslopemofmthemresultingmbudgetmlinemi
s
3)mm
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m m m m m m m m
Macroeconomics 22nd Edition by McConnell CH01
m m m m m
A) 4.
B)m 1/4.
C) 3.
D)m 12.
QuestionmDetails
AACSBm:mReflectivemThinkingmAcc
essibilitym:mKeyboardmNavigationmTe
stmBankm:mI
Difficultym:m02mMedium
LearningmObjectivem:m01-04mExplainmthemindividualsmeconomizingmproblemmandmillustratemtrade-
offs,moppmTopicm:mIndividualsmEconomizingmProblem
Accessibilitym:mScreenmReadermCompatib
lemBloom'sm:mAnalyze
4) SupposemthatmJuliamreceivesmam$30mgiftmcardmformthemlocalmcoffeemshop,mwheremshemonlymb
uysmlattesmandmmuffins.mIfmthempricemofmamlattemism$3mandmthempricemofmammuffinmism$2,mthenmwemca
nmconcludemthatmJulia
4)mm
A) shouldmonlymbuymmuffins.
B) shouldmonlymbuymlattes.
C) canmbuym10mlattesmorm15mmuffinsmifmshemchoosesmtombuymonlymonemofmthemtwomgoods.
D) canmbuym10mlattesmandm15mmuffinsmwithmherm$30mgiftmcard.
QuestionmDetails
AACSBm:mReflectivemThinkingmAcc
essibilitym:mKeyboardmNavigationmTe
stmBankm:mI
Bloom'sm:mUnderstandm
Difficultym:m02mMediu
m
LearningmObjectivem:m01-04mExplainmthemindividualsmeconomizingmproblemmandmillustratemtrade-
offs,moppmTopicm:mIndividualsmEconomizingmProblem
Accessibilitym:mScreenmReadermCompatible
Versionm 3
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m m m m m m m m
Macroeconomics 22nd Edition by McConnell CH01
m m m m m
5) CamillemismatmthemcandymstoremwithmGrandmamMary,mwhomoffersmtombuymherm$10mworth
mofm
candy.mIfmlollipopsmarem$1meachmandmcandymbarsmarem$2meach,mwhatmcombinationmofmcandym
canmCamille'smGrandmamMarymbuymher?
5)mm
A) tenmlollipopsmandmfivemcandymbars
B) fourmlollipopsmandmthreemcandymbars
C) threemlollipopsmandmfourmcandymbars
D) twomlollipopmandmfivemcandymbars
QuestionmDetails
AACSBm:mReflectivemThinkingmAcc
essibilitym:mKeyboardmNavigationmTe
stmBankm:mI
Bloom'sm:mUnderstandm
Difficultym:m02mMediu
m
LearningmObjectivem:m01-04mExplainmthemindividualsmeconomizingmproblemmandmillustratemtrade-
offs,moppmTopicm:mIndividualsmEconomizingmProblem
Accessibilitym:mScreenmReadermCompatible
6) Assumemthatmamconsumermhasmamgivenmbudgetmormincomemofm$24mandmthatmshemcanmbuymo
nlymtwomgoods,mapplesmormbananas.mThempricemofmanmapplemism$3.00mandmthempricemofmambananamis
m$2.00.mIfmthemconsumermspentmallmofmhermbudgetmonmjustmapplesmormjustmbananas,mhowmmanymapp
lesmormbananasmmaximummwouldmshembemablemtombuy?
6)mm
A) 12mapplesmorm8mbananas
B) 6mapplesmorm6mbananas
C) 4mapplesmorm6mbananas
D) 8mapplesmorm12mbananas
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