Soda Consumption Marginal Benefit Soda $1.25 1 $1.10 $.95 3 $.75 4 Based on the information in the table and the cost of soda is $1.00, how many sodas should you drink? 2.
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- Luke has a monthly income of $80. He spends this money making telephone calls from home (measured in minutes of calls) and on other goods. His mobile phone company offers him two plans: Plan A: Pay no monthly fee and make calls for $0.50 per minute. Plan B: Pay a $30 monthly fee and make calls for $0.1 per minute. What baskets might he purchase if Plan B is better for him?The graph shows the budget line for a consumer who only buys cookies and magazines. If the consumer's income is $20, what is the price of a Magazine? Cookies (number per week) 24 20 a 16 8 4 O 2 4 6 8 10 12 Magazines (number per week) 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.50. Budget constraints provide a visual image the represents what a person can afford, given the price of the two goods and his budget amount. Group of answer choices A. True B. False
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- 1. A cost benefit analysis is a good example of a______approach to making decisionsdescribe new changes to kiwisaverJuanita 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 $104 for the skirt: Store Travel Time Each Way Price of a Skirt (Minutes) (Dollars per skirt) Local Department Store 15 104 Across Town 30 87 Neighboring City 60 80 Juanita makes $36 an hour at work. She has to take time off work to purchase her skirt, so each hour away from work costs her $36 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. Complete the following table by computing the opportunity cost of Juanita's time and the total…
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