Use the black line (plus symbols) to plot the line illustrating the combinations of pizza and salad that Kenji can purchase with a budget of $32.00.?SALAD (Bowls)242220181614.12108602002 46810 12 14PIZZA (Slices)161820++2224Initial BudgetNew BudgetNow suppose Kenji's income is cut in half: That is, he has 50% less money to spend than he did before.On the previous graph, use the blue line (circle symbols) to plot Kenji's new budget constraint.Which of the following statements best summarizes the pattern of causality captured by the graph above? Check all that apply.A change in S causes a change in P.A change in P causes a change in S.The relationship between P and S is not a causal relationship.A change in E causes a shift of the budget constraint. Kenji is buying pizza and salad for a company lunch. Suppose that a slice of pizza costs $2.00, and a bowl of salad costs $4.00.Let E be the amount in dollars that Kenji spends on pizza and salad. If Kenji buys P slices of pizza and S bowls of salad, then the total amount ofmoney he spends (E) can be represented by the equationNow rearrange the equation you wrote above so that S is written in terms of E and P. The quantity of salad he buys can be represented by theequationSuppose Kenji has $32.00 to spend on pizza and salad; that is, E= $32.00.Complete the following table with the values of P or S that make the equation true.Hint: To complete the first row, determine the number of salad bowls Kenji can purchase with $32.00, when the number of pizza slices he purchasesis 0.Budget PizzaSalad(Dollars) (Slices) (Bowls)32.00032.00832.00000

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Use the black line (plus symbols) to plot the line illustrating the combinations of pizza and salad that Kenji can purchase with a budget of $32.00. (? SALAD (Bowls) 24 22 20 18 16 14 10 8 4 2 0 0 2 4 6 8 10 12 14 PIZZA (Slices) 16 18 + 20 22 24 Initial Budget. New Budget Now suppose Kenji's income is cut in half: That is, he has 50% less money to spend than he did before. On the previous graph, use the blue line (circle symbols) to plot Kenji's new budget constraint. Which of the following statements best summarizes the pattern of causality captured by the graph above? Check all that apply. A change in S causes a change in P. A change in P causes a change in S. The relationship between P and S is not a causal relationship. A change in E causes a shift of the budget constraint.

Use the black line (plus symbols) to plot the line illustrating the combinations of pizza and salad that Kenji can purchase with a budget of $32.00. (? SALAD (Bowls) 24 22 20 18 16 14 10 8 4 2 0 0 2 4 6 8 10 12 14 PIZZA (Slices) 16 18 + 20 22 24 Initial Budget. New Budget Now suppose Kenji's income is cut in half: That is, he has 50% less money to spend than he did before. On the previous graph, use the blue line (circle symbols) to plot Kenji's new budget constraint. Which of the following statements best summarizes the pattern of causality captured by the graph above? Check all that apply. A change in S causes a change in P. A change in P causes a change in S. The relationship between P and S is not a causal relationship. A change in E causes a shift of the budget constraint.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter4: Utility Maximization And Choice

Section: Chapter Questions

Problem 4.2P

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