If Aling Washa will accommodate a few of laundry services because she does the laundry manually. Now that she needs to earn more, she needs to buy washing machine to accommodate more than usual. What will happen? a. laundry services income supply curve will shift to the right b. laundry services supply curve will shift to the right c. laundry services supply curve will shift to the left d. laundry services income supply curve will shift to the left

If Aling Washa will accommodate a few of laundry services because she does the laundry manually. Now that she needs to earn more, she needs to buy washing machine to accommodate more than usual. What will happen? a. laundry services income supply curve will shift to the right b. laundry services supply curve will shift to the right c. laundry services supply curve will shift to the left d. laundry services income supply curve will shift to the left

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter4: Labor And Financial Markets

Section: Chapter Questions

Problem 31P: Table 4.6 shows the amount of savings and barrowing in a market for loans lo purchase homes,...

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Suppose there are two goods, co ee (C) and tea (T). The consump-tion set is R2+, so both goods can be consumed in arbitrary non-negativequantities.Abdul owns 2000 grams of co ee but does not own any tea. He hasno other wealth. The price of co ee is pC = 2 (in Dhs per gram) andthe price of tea is pT > 0 (in Dhs per gram). Abdul can sell co ee toearn income, which he can then use to buy tea or co ee. He can alsothrow co ee away (at no cost).Abdul's preferences can be represented by the utility functionu(c; t) = -(800 - c)2 - (800 - t)2;where c is the quantity of co ee (in grams) and t is the quantity of tea(in grams).(a) In separate diagrams, illustrate (i) the map of Abdul's indi erencecurves, (ii) Abdul's constraint set.(b) How much co ee and tea does Abdul decide to consume when (i)pT = 2, (ii) pT = 3, and (iii) pT = 4?(c) Illustrate Abdul's demand for co ee as a function of the price of tea (pT > 0) in an appropriate diagram.
Prepare a SWOT analysis using the details below. Maria is planning to open up a Cafeteria near her house. She closed her previousCafeteria few months ago because the rental keeps getting higher and the income is decliningbecause of the COVID19 pandemic. It came up to her the idea to open again since a lot ofpeople are asking for online delivery of their favorite snacks offered in her shop since most ofthe people would stay at home and would prefer food delivered in their doorsteps. Since sheowned a vacant lot near her house, and she thought that re-opening her shop in that locationwould be a great idea and she will not pay rentals anymore. And her Café Services will stillcontinue but with the added services like the Food Panda does.
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Monthly income = salary of 1200 and a gov welfare payment of 800 Y= 2000 Needs to use this income for food and goods quantity of food = qf quantity of goods= qd Price of food = 1 Price of goods = 2 1) Draw budget line, qf on vertical axis and qd on horizontal one 2) The welfare payment is now given in the form of food stamps. 1200 can be spent on food and other goods, food stamps can only be used to purchase food. The prices of food and other goods remain the same. budget line with the food stamps, measuring on the vertical axis and on the horizontal axis. Label all critical points on the budget line. Show you are at least as well off under the cash welfare payment as under the food stamps. Here is how: Depict the budget lines in 1. and 2a. in a single diagram and superimpose indifference curve(s) to show the optimal consumption bundle(s). You will need two such diagrams to illustrate two different cases: optimal consumption bundle is the same under the cash welfare…
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