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Jack buys apple at 4$, firts 5 amount of orange at 5$ , and any amount above 5 amoun is charged 10$. Please draw the budget set.
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- If you have 10 dollars to spend, and the price of water is $1 oer bottle, the budget containt would show that the most water you could buy is?K A budget line is a line that describes limits to consumption possibilities and that depends on a consumer's OA. demand; prices B. demand; supply C. budget; costs D. budget; prices and of goods and services.Explain how a consumer budget and product price changes impact the budget line by drawing hypothetical example budget lines.
- Dwayne has $800 to spend on lemonade and bread. The price of lemonade is $25 and the price of bread is $10. What is the equation for Dwayneʹs budget constraint?Plot each of the bundles from parts A – C on a graph that measures avocadoes on the horizontal axis and loaves of bread on the vertical axis, connect the dots to find Matt’s budget constraint. Show what happens to the budget constraint if his income falls to $100, (prices do not change). Show what happens to the budget constraint if price of avocado rises to Pa = $2 per avocado, (income and price of loaves of bread did not change).Ryan has $30 per week to spend on snacks. She is a bit health conscious so she prefers to buy either alkaline water which is $5 per liter or protein bars which cost $3 per bar A. Use the graph to plot her budget line given the info above B. The price of protein bars increases to $4. Draw her new budget line(assume she can purchase fractions of water bottles or protein bars. C. Ryan’s weekly budget decreases to $24 while the price of protein bars stays at $4 and the price of water bottles stays at $5. Draw her new budget line (assume she can purchase fractions of water bottles or protein bars)
- Use Figure: Budget Lines for Tangerines and Watermelons. For some time, Albert has had $5 per month to spend on tangerines and watermelons. The price of a tangerine is $0.50, and the price of a watermelon is $0.25. Which chart shows what will happen to his budget line if his income increases to $6?Alisha has $24 per week to spend on playing tennis and watching movies. Each game costs $6 and each movie costs $3. a) Write down her budget constraint using the numbers above. b) Illustrate her budget line with a diagram, with movies on the horizontal axis and tennis on the vertical axis. c) List all the possible consumption bundles in a table.Marissa has $30 to spend on beer and hamburgers. Beers are $3/beer and hamburgers are $5/hamburger. Which figure represents Marissa's budget constraint? Group of answer choices figure (a) figure (b) figure (c) figure (d)
- The only goods you buy are apples and oranges. Both apples and oranges sell for $1 a piece, and your income is $10 a day. a. Draw your budget line.Price for X is $1 and Y is $2. Budget is $9. Good X Good Y Quantity Marginal Utility Quantity Marginal Utility 1 8 1 10 2 7 2 8 3 6 3 6 4 5 4 4 5 4 5 3 6 3 6 2 7 2 7 1 To maximize utility, the consumer will buy how much of good X and how much of good Y?Jessie is attempting to draw her budget constraint for purchasing cookies and strawberries. At a maximum, she could consume 500 strawberries; she labels this point on the vertical axis of her budget constraint. At a maximum, she could consume 200 cookies; she labels this point on her graph. If the price of a cookie is $0.50 and her budget is $100, what is the price of a strawberry?
