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Readiness Assessment Quiz > Readiness Assessment Quiz  1 . 
Which of the following is not an assumption made in this chapter
in order to study household and firm behavior?    2 .       If
Carla has no wealth and is making a monthly income of $500,
which of the following is not in her choice set? (The price of a
dinner is $20, the price of a computer game is $50, and the
price of a kayak trip is $100.)    3 .       Consider a simple
budget constraint. If the price of the good on the vertical axis
rises, then we would expect the slope of the budget constraint
to:    4 .       Which of the following statements is true
regarding utility?    5 .       Generally speaking, if you
consume less of something, your total utility will _____ and
your marginal utility will _____.    6 .       When the price of
Beanie Babies rose, Sal bought fewer of them. He said that the
reason he bought fewer was because it was now a better
investment for him to buy baseba