Betelgeusian's are an alien species that have two left feet and one right foot. Their preferences for left and right shoes display perfect complementarity, where they find shoes useful only with two left and one right. The price of each type of shoe is $10 per shoe, and they do not consume anything other than shoes. If income=$120, how many left shoes will a Betelgeusian purchase?
A. 8 B. 16 C. 4 D. 12 E. 2
Which equation will describe an Engel Curve for right shoes for a Betelgeusian?
A. RS=M-10 B. RS=m/10 C. RS=M/30 D. RS=2 E. RS=10m
Get Answers For Free
Most questions answered within 1 hours.