Which of the following statements about positive analysis is correct?

Consider the utility function U = min (5x, 7y).  The indifference curves for this utility function will be

An agent consumes goods x and y, with prices Px = $5 per unit and Py = $8 per unit.  The consumer’s income is I = $48.  The government imposes a tax of $1 per unit on good x.  What is the new equation for the budget constraint?

  Suppose the price of A is $20 per unit, the price of B is $10 per unit, and the consumer’s income is $1000 per month.  Which of the following baskets is not on the consumer’s budget line?  

If one were to draw indifference curves representing preferences over two varieties of red apples, it is likely that one would draw them as:

Suppose a consumer purchases two goods, A and B, and that the price of A doubles, the consumer’s income doubles, and the price of B remains unchanged.  If good A is plotted on the horizontal axis, the budget line

Suppose the cross-price elasticity for two goods is negative.  The two goods are

In a few sentences, describe the number one cause of stress in your life.  How does this stress affect your academic performance?

Write three short term-goals for improving your academic performance this week, this month, or this semester. To be most effective, your short-term goals should be:  Specific Measurable Achievable Relevant Time-Bound

Freebie! Surprise! Just as a thank-you for working hard this semester.  Simply select the answer indicated below for the points. With my thanks!