Draw Shahab's budget constraint if he has income of Rs. 1000 which he can spend on buying Pizzas and Pepsi cans ( Price of a Pizza is Rs.100 and price of a can of Pepsi is Rs.20)

Q: A consumer has income of $3,000. Wine costs $3 per glass, and cheese costs $6. What is the slope of…

A: Budget line: M = Px . X + Py . Y Slope : (-) Price ofwine Price of cheese

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

A: Income per month(M) = $100 Two goods: Movie ticket(M) & Restaurant meal(R) Price of Movie ticket…

Q: Shannon consumes dresses and lemonade. The price of a dresses is $10 and the price of a lemonade is…

A: When talking about consumer behavior, an individual will be at equilibrium when: MUx/MUy=Px/Py

Q: Robinson makes $200 a week and spends his entire income on running shoes and basketball shorts.…

A: As per given data, first We can analyse the optimal coñsumption pattern of Mr Robinson using budget…

Q: Consider John who consumes two goods, (X and Y), with prices ?? = ?$35, ?? = ?$25 and income I…

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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: A consumer has income of $3,000. Fresh Juice costs $3 per glass, and cheese costs $6 per pound.…

A: On horizontal axis we have taken cheese and on vertical axis we have taken juice.  • With an income…

Q: Heart spends her entire weekly food allowance of $42 on fries and milk tea. The price of a fries is…

A: Marginal rate of substitution (MRS) measures the slope of indifference curve, which is that the…

Q: Given the following budget line PxX + Pyy = m And that the slope of the budget line depends only on…

A: Note: There are multiple subparts in the question. We shall solve the first three subparts for you.…

Q: Q. 1 Suppose Gregg consumes chocolate candy bars and oranges. He is given four candy bars and three…

A: (Since you have posted multiple questions, we will answer the first one for you. If you want a…

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: Mr. Robinson makes $200 a week and spends his entire income on running shoes and basketball shorts.…

A: Income = 200 per week Cost of Running Shoes = 20 Cost of Basketball Shorts = 20

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: Y) för 1 пее (g0 a. Write out Jim's utility function. b. Jim's budget constraint is 100 = 4x + 9y.…

A: (A) U = min(2X, Y) If Y is 2, X should be 1,thus U remains constant and U is utility.

Q: Tammy spends her money on lemonade and iced tea. If the price of lemonade falls, it is as though her…

A: A person's income is nothing but the number of goods and services they can purchase within their…

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

A: Since you have posted multiple questions and not specified which question needs to be solved, we…

Q: Rummy has $40 a week to spend on burger and cake. The price of burger is $5 and the price of cake is…

A: It is given that the consumer prefers burger (B) and cake (C). The price of B and C are equal to $5…

Q: Shushma has a limited income to spend on orange and apple. Market price of orange (Po) is Rs.20 per…

A: The indifference curve shows the combination of the two goods that give equal satisfaction to the…

Q: Draw the budget constraint for a person with income of $1,000 if the price of Pepsi is $5 and the…

A: Budget constraint depicts the combinations of two products or services which could be purchased by a…

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: Which budget constraint panel in Figure below shows the combined effects of an increase in the price…

A: Budget constraint is said to be a combination of goods that a consumer can purchase with given…

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: Akio consumes two goods, books and sweaters. His income is $24, the price of a sweater is $4, and…

A: Budget constraint shows the different possible combination of consumption of goods and services…

Q: If you know that Ahmed’s income is 40 dinars, the price of the commodity (x) is 10 dinars, and the…

A: The economics as a study is based upon the idea that the resources with the economies are limited in…

Q: Suppose Gregg consumers choclate candy barsand oranges .He is given four candy bars and three…

A: The budget constraint reflects the relationship between prices of different goods, consumer income,…

Q: If you know that Ahmed’s income is 40 dinars, the price of the commodity (x) is 10 dinars, and the…

A: "Since you have posted a question with multiple subparts, we will solve the first three subparts for…

Q: Susan has the option to purchase eyeglasses, E, $3 each, and orange juice,O, $1 each. Her income is…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Kawther’s income is OMR12 a week. The price of small-sized pizza is OMR3, and the price of a fresh…

A: 1. The budget line equation is given below.

Q: Consider two goods, books and hamburgers. The slope of the consumer's budget constraint is measured…

A: Slope of budget constraint:- Slope of budget constraint  is the ratio of the prices of two goods. It…

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

A: (Q) Raymond consumes meatloaves and pineapples. He has decided that his monthly budget will be…

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: Vijaya spends Rs. 150 per month on coffee and buns at the cafeteria. A cup of coffee costs Rs. 15…

A: According to the budget constraint, the amount of goods that a consumer can purchase over a given…

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: Which budget constraint panel in Figure below shows the combined effects of an increase in the price…

A: Changes in prices  lead to shift in budget curve  If price increases it reduces the purchasing power…

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: Matt has $13 in income that he devotes entirely towards caffeine purchases, specifically coffee and…

A: let X1 be tea and X2 be coffee and given that income increases from m1 = $13 to $40 so, Tea  - P1 =…

Q: Kali lives on mangoes and avocados, Pm = $5, Pa = $10, and her income is $200.Identify her budget…

A: Budget line shows all the combination of goods that a consumer can consume with the given prices and…

Q: Sarah likes basketball games and going to movies. Every month he has $480 to spend on the two…

A: In financial matters, a budget constraints  addresses every one of the mixes of labor and products…

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

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Q: PYQY = M, where PX = $2, PY = $1 and M = $10 (M is income) a. What is the slope of the budget…

A: The ‘optimal choice’ of the goods of the consumers is dependent on the income of the consumers. The…

Q: 1 Suppose Gregg consumes chocolate candy bars and oranges. He is given four candy bars and three…

A: Given,   Number of candy bars (C) = 4  Number of oranges (Or) = 3  Buying and selling price of candy…

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: 1. Annie consumes two goods: sandwiches and coffee, with respective quantities s and c. Suppose the…

A: Budget line  A budget line represents the different combinations of two goods that are affordable…