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ECON-1010-A-Introduction to Microeconomics

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If a consumer's marginal rate of substitution is greater than the relative price of the good measured on the x-axis, which of the following situations arises?

The consumer
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Which one of the following statements is false? 
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Zarina can afford to buy 3 tomatoes and no toothbrushes, or 2 toothbrushes and no tomatoes. What is the relative price of a toothbrush?
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Sarah spends $100 and buys 5 pizzas at $10 each and 10 subs at $5 each. Then the government taxes subs, and the price rises to $10 each. Simultaneously, the government gives Sarah a grant of $50 in income to make up for this change. Does Sarah's budget line change?

As a result, Sarah's budget line
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Which one of the following statements about the budget line is false? 

The budget line
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A consumer considers Coke and Pepsi to be perfect substitutes for each other. What would the consumer's indifference curves for these two goods look like?
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A graph plots good y (units) versus good x (units). The horizontal axis is labeled good x (units), and the vertical axis is labeled good y (units). The horizontal axis ranges from 0 to 10 in increments of 2 units, and the vertical axis ranges from 0 to 10 in increments of 2 units. A graph is a line labeled budget line falling through (0, 8), (3, 4), and (6, 0). A concave up decreasing curve labeled I sub 0 intersects the line at (3, 4). All values are estimated.

Figure 9.3.1

Refer to Figure 9.3.1, which shows a consumer's budget line, indifference curve, and best affordable point. If the price of good X is $2 a unit, what is the price of good Y?
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Leah consumes at a point on her budget line where her marginal rate of substitution between the two goods is less than the magnitude of the slope of her budget line. How does Leah move toward her best affordable point?

She will move to
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A graph plots music downloads (per month) versus carrots (per month).The horizontal axis is labeled music downloads (per month), and the vertical axis is labeled carrots (per month). A graph displays three downward sloping lines. The first line falls from the top left in the vertical axis at point D to the bottom left in the horizontal axis at point A. The second line falls from point D to the bottom center in the horizontal axis at point B. The third line falls from point D to extreme right in the horizontal axis at point C.

Figure 9.1.2

Refer to Figure 9.1.2, which shows three budget lines. Which budget line shows the greatest real income in terms of music downloads?
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Albert is consuming at a point on his indifference curve where his budget line is not as steep as the indifference curve. To achieve his best affordable choice of two goods, what does Albert do?
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