On what assumptions is equilibrium level of income write three short points. the definition of based 9

Connect Website-2018U MBA815 VA Managerial Economics: A consumer's budget set for two goods (X and Y) is 900 ≥ 6X+3Y. a. The budget set is illustrated below. What are the values of A and B? A- Good Y Good X B ezto B- b. Does the budget set change if the prices of both goods double and the consumer's income also doubles? Yes, it shifts out from the origin. No, it does not change. Yes, it rotates clockwise. Yes, it shifts in toward the ongin. MacBook Air

Based on this model, households earn income when purchase in factor markets. Suppose Yvette earns $525 per week working as a pilot for Wingies. She uses $9 to take a yoga class at Big Bend. Big Bend pays Sean $500 per week to instruct yoga. Sean uses $300 to purchase international flights from Wingies. Identify whether each of the following events in this scenario occurs in the factor market or the product market. Event Yvette earns $525 per week working for Wingies. Yvette spends $9 to take a yoga class. Sean spends $300 to purchase international flights from Wingies. Factor Market Product Market о O Which of the elements of this scenario represent a flow from a firm to a household? This could be a flow of dollars, inputs, or outputs. Check all that apply. Yvette's labor The $500 per week Sean earns working for Big Bend The $300 Sean spends to purchase international flights from Wingies The yoga class Yvette receives