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How many ice-cream will a consumer have,if ice-cream is available free of cost . Need diagram too
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- A consumer sets themselves a weekly budget of $15 for vegetables. They only eat carrots and peas. Peas cost $1.50 per pound and carrots cost $1.00 per pound. 2. Draw a budget line for the consumer showing his possible weekly consumption of peas and carrots. Label both axes with numbers and an axis title. Add a second line that shows what happens when carrots go on sale for $0.75 per pound. Upload your diagram. Please give typed answer ASAP with proper explanation of it. Will give you thumbs up only for the correct answer. Thank you .Agatha has $825 to spend on tickets for her trip. She intends to spend the entire amount and prefers traveling first class to traveling second class. Agatha needs to travel a total of 1500 miles. Suppose that the price of first-class tickets is $0.60 per mile and the price of second-class tickets is $0.30 per mile. How many miles will she travel by second class?Briefly outline and explain some of factors that depend on line amount of a commodity a consumer os prepared to buy
- What are the consequences if consumer acts in the market according to Myopia and ignore its neccessary products?Give a Practical Example.I used to buy 3 movies a month, but when Connecting U dropped the price of a gigabyte of data from a high of $20 to a low of $14.48 (a total decrease of 32.02 percent according to the midpoint formula), I want to buy 5 movies a month. A) My demand for movies increases by 33.34% B) My demand for movies increases by 66.67% C) My demand for movies increases by 50% Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.What refers to the amount of the satisfaction derived from the consumption of the commodity Help•••
- Juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. Three stores carry the same skirt, but it is more convenient for Juanita to get to some stores than others. For example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $102 for the skirt: Store Travel Time Each Way Price of a Skirt (Minutes) (Dollars per skirt) Local Department Store 15 102 Across Town 30 85 Neighboring City 60 76 Juanita makes $42 an hour at work. She has to take time off work to purchase her skirt, so each hour away from work costs her $42 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling.No hand written solution Please draw both graphs Consider a consumer spending their available income on two goods: medicines and food. Draw a graph showing the consumer maximizing utility given their income. Clearly label the graph. Show what happens to the utility maximizing solution if the price of medicine increases. Draw another graph showing what happens if income increases.Based on the table, what price does John's Tricycle Company charge for a tricycle?
- The price of insulin injection kits, used by diabetic patients, increases from $45 to $52, but the equilibrium quantity remains the same. Is it possible? Explain why or why not. Use graphWhat is meant by the the term rational consumer. Please explainWhich of the following would be an example of a complimentary good in relation to a Honda Accord Car? A) gasoline B) toothpaste C) a Toyota Prius car D) public transportation
