alex has a budget of $100 a month for a movie tickets and restaurant meals. A movie ticket will cost $10 and a restaurant meal costs $20. which of the following combinqtions is part of alexs budget constraint?

Q: Suppose the price of Pizza is $10 the price of cola is $1, and the consumer's income is $60. In…

A: Budget line is the feasible combination of all goods and services that can be bought given the…

Q: Question 1 Maria spends all of her income of $2,000 on food (F) and clothing (C). The prices per…

A: M  spends all her income on  food and clothing. M=$2,000PF=$5PC=$20

Q: Raymond consumes meatloaves and pineapples. He has decided that his monthly budget will be $1500.…

A: Budget constraint refers to all possible combinations of goods that someone can afford, given the…

Q: Draw budget constraint if he has income of Rs. 1000 which he can spend on buying Pizzas and Pepsi…

A: Consumer's budget constraint :-  It is the inequality cost less than or equal to his income.

Q: Suppose you have $48 to spend on the two items in the graph below. Q books 4 A 1 2 6 8 Q…

A: If movie costs $8 line B represents my budget constraint. If books costs $12 line B represents my…

Q: Maria spends all of her income of $2,000 on food (F) and clothing (C). The prices per unit are: PF =…

A: (Q) Maria spends all of her income of $2,000 on food (F) and clothing (C). The prices per unit are:…

Q: Suppose Cawlin has a budget of $90 that he spends on movies Q) and roller skating (Qal. The price of…

A: a budget constraint represents all the combinations of goods and services that a consumer may…

Q: Lucas has $40 per week that he can spend on lemon soda (X) and chips (Y). The price of the lemon…

A: The budget refers to the total income of a consumer which can be used to buy a given level of goods,…

Q: Draw Shahab's budget constraint if he has income of Rs. 1000 which he can spend on buying Pizzas and…

A: Budget constraint is the graph that represents the maximum purchases of the product and services…

Q: Jessie has a budget of $50 and is attempting to draw her budget constraint for purchasing cookies…

A: Price of goods can be calculated by using the following formula.

Q: Hector has a budget for bottled water and soda pop. If the price of soda pop decreases, Hector will…

A: Indifference curve shows the combination of two goods which give a consumer same level of…

Q: Maria spends all of her income of $2,000 on food (F) and clothing (C). The prices per unit are: PF =…

A: (g) The opportunity cost of getting one piece of clothing would be  400100=4 units of food, which…

Q: Marissa has $30 to spend on beer and hamburgers. Beers are $3/beer and hamburgers are $5/hamburger.…

A: Budget constraint: - it is a graphical representation of different bundles of goods that a consumer…

Q: As a college student you work at a part-time job, but your parents also send you a monthly…

A: Budget constraint line shows the different possible combination of goods that can be purchased…

Q: On the diagram to the right is plotted a single bundle of 2 books and 3 DVDS consumed per month.…

A: Budget line is a locus of points which shows all the possible combinations of two goods which a…

Q: Juliette spends $48 each month on Oreo cookies (which cost $2 per package) and salt and vinegar…

A: Budget constraint represent combination of goods and services which can be purchased by a consumer…

Q: Joe's budget constraint equals 500 = 2F + 100S, where $500 is Joe's income, $2 is the price of food…

A: Budget constraint shows combinations of two goods that can be bought with the given level of income.

Q: Jack’s preferences are represented by the utility function U = XY^2. PX = 1, PY = 1.5 and his budget…

A:

Q: draw the budget constraint for a person with income of $ 1000 if the price of pepsi is $5 and the…

A: A budget constraint is a term used in economics to describe all of the different combinations of…

Q: A consumer has income of $3,000. Wine costs $3 a glass, and cheese costs $6 a pound. Draw the…

A: Total income of the consumer = $3000 The cost of a glass = $3 The cost of cheese = $6

Q: Maria spends all of her income of $2,000 on food (F) and clothing (C). The prices per unit are: PF =…

A: Given that: Maria spends all of her income of $2,000 on food (F) and clothing (C). The prices per…

Q: Marie has a weekly budget of $24, which she likes to spend on magazines and pies. Calculate: a) If…

A: Note: There are multiple sub parts in the question. Therefore, we shall solve the first three for…

Q: Raymond consumes meatloaves and pineapples. He has decided that his monthly budget will be $1500.…

A: Monthly income = $1500 Price of meatloaf = $375Price of pineapple = $150

Q: Explain how a consumer budget and product price changes impact the budget line by drawing…

A: The budget line explains the combination of products to be selected till the last money of budget is…

Q: Jane's utility function is represented as: U = F0.5 C0.5, F is quantity of food and C is quantity of…

A: The equilibrium for any consumer attains at the point where, MRSxy = Px/Py where, MRSxy = MUx/MUy…

Q: Joe's income is $1000, the price of pizza (P) is $10 per unit, and the price of burger (B) is $8.…

A: Budget constraint: It shows all the feasible combinations of goods and services that can be…

Q: 2. Ernest wants to achieve a utility level of 100. His utility function is U = XY. What is the least…

A: here we calculate the least amount of money that Ernest can spend to achieve a utility level of 100…

Q: Suppose that the price of commodity Y is $1 per unit while the price of commodity X is $2 per unit…

A: The income of an individual or a household is what the individual receives in terms of revenue from…

Q: Suppose Jane has $100$⁢100 and is going to have a birthday party. She wants to order pizza and…

A: An individual make purchase of different goods and services according to his income level and the…

Q: A student has a monthly budget of $120 to spend on either burritos, which cost $6 each, or sodas,…

A: Budget constraint refers to all possible points of consumption where the consumer utilizes its full…

Q: What is a budget constraint? A consumer has an income of $3000. Soda costs $3 per liter and cheese…

A: Micro economics is a branch of economics which studies economics at individual level. It means that…

Q: Raymond consumes meatloaves and pineapples. He has decided that his monthly budget will be $1500.…

A:

Q: True or false.  A budget constraint, budget line or budget set is a graphical way to illustrate all…

A: It's vital to remember that the slope of the budget line equals the cost ratio of two commodities.…

Q: Jessie is attempting to draw her budget constraint for purchasing cookies and strawberries. At a…

A: The budget line depicts the distinct combinations of two consumer commodities that an individual can…

Q: Suppose Cawlin has a budget of $90 that he spends on movies (Q) and roller skating (Qa. The price of…

A: The budget constraint of a consumer is the maximum amount of two goods which a consumer can buy…

Q: .A consumer that chooses to spend all of her income, and she dislikes most the two extreme points…

A: Since, the consumer dislikes the extreme points of consuming only one of the goods, so the…

Q: The prices of good A and good B are $3 and $2 respectively. Theodore has a budget of $29 to…

A: Price of A = 3 Price of B = 2  Income = 29  Consumption Bundle = (7 ,4 ) Budget line => 3A + 2B =…

Q: Raymond consumes meatloaves and pineapples. He has decided that his monthly budget will be $1500.…

A: Raymond's preferences: Meatloaves (M) Pineapples (P) Monthly budget = $1500 Cost of one meatloaf =…

Q: Refer to the information provided in Figure below to answer the question that follow. Molly's montly…

A: Ques 1) We have the following information : Molly's income = 75  Price of DVD = 3 Price of CD = 5

Q: Maria spends all of her income of $2,000 on food (F) and clothing (C). The prices per unit are: PF =…

A: Budget line is a line showing various combinations of two goods that a consumer can purchase by…

Q: gpodY good X In the graph above, points Q. U and T represent different bundles of good X and good Y…

A: Marginal rate of substitution (MRS): - it is the rate that shows the number of units of one good…

Q: Suppose Victoria has a budget of $66 that she spends on movies (Q1) and roller skating (Q:). The…

A: Budget constraint: - it is the representation of different combinations of two goods that a consumer…

Q: Alex has a budget of $100 a month for movie tickets and restaurant meals. A movie ticket will cost…

A: Given Alex total budget for movie tickets and restaurant meals (m)=$100 Price of movie ticket P1…

Q: Hira has Rs.1200 a week to spend on yogurt and mangoes. The price of yogurt is Rs.200, and mangoes…

A: The budget line, additionally referred to as the budget constraint, exhibits all the mixtures of two…

Q: Jane's utility function is represented as: U= F0.5 C0.5, F is quantity of food and C is quantity of…

A: According to the optimum consumption rule, when a consumer wants to get the most out of their…

Q: Which combinations of burritos and sodas are unaffordable--those to the left of the line in the…

A:

Q: A student has a monthly budget of $120 to spend on either burritos, which cost $6 each, or sodas,…

A: Budget line shows or exhibits the different combinations of two goods that a consumer can buy with…

Q: Suppose you had a budget of $20.00 and the prices of a burger and a slice of pizza are $5.00 and…

A: Budget = $20  Price of burger = $5 Price of pizza slice = $2

Revealed Preferences and Budget Constraint Analysis

Revealed means “Let Out,” and Preference means “Choice”; Choice Reveals Preference.