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* Question Completion Status: QUESTION 7 10 The slope of the is determined by the relative price of the two goods, which is calculated by

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* Question Completion Status: QUESTION 7 10 The slope of the is determined by the relative price of the two goods, which is calculated by taking the price of one good and dividing it by the price of the other good. a. personal preference Ob. utility level c. budget constraint d. opportunity set QUESTION 8 10 po Suppose that a consumer has a budget of $800 per month and that this consumer spends the entire budget each month on beer and bratwurst. The price of beer is $5 and the price of a bratwurst is $4. Which of the following combinations of beers and bratwursts represents a point that would lie to the interior the consumer's budget constraint? a. 160 beers and 200 bratwursts. b. 40 beers and 50 bratwursts. c. 80 beers and 100 bratwursts. d. 160 beers and 0 bratwursts

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