A consumer has income of $3,000. Wine costs $3per glass, and cheese costs $6 per pound. Drawthe consumer’s budget constraint with wine onthe vertical axis. What is the slope of this budgetconstraint?

Q: Centa spends $56 a month at allthemovies.com on film-noir (FN) and sci‑fi (SF) movies, which…

A: A budget constraint refers to the different combinations of two goods that a consumer can afford…

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A: A budget constraint represents the ability of consumer to buy the goods at the current prevailing…

Q: Draw budget constraint if he has income of Rs. 1000 which he can spend on buying Pizzas and Pepsi…

A: Consumer's budget constraint :-  It is the inequality cost less than or equal to his income.

Q: ay must a budget constraint have a negative slope? O Income and quantity demanded are inversely…

A: Budget constraint measures the combinations of two goods that a consumer can buy with the given…

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A: In the question above, it is given a plotted diagram of a single bundle of 2 books and 3 DVDs…

Q: Susan has the option to purchase eyeglasses, E, $3 each, and orange juice,O, $1 each. Her income is…

A: Equation for budget constraint: PX * X+ PY * Y = M where, PX and PY are the price of goods on X and…

Q: 3. Apoorva spends her entire income on ("good") goods X and Y, which she views as neither perfect…

A:

Q: A consumer has $100 and would like to purchase food (F) and gas (G). Suppose their utility is given…

A: Given: U ( F,G ) = F 0.8 G 0.2 M= PF x F + PG x G 100 = PF x F + PGx G MUF= o.8 ( G / F ) 0.2 MUG…

Q: Suppose Cawlin has a budget of $90 that he spends on movies Q) and roller skating (Qal. The price of…

A: a budget constraint represents all the combinations of goods and services that a consumer may…

Q: Draw Shahab's budget constraint if he has income of Rs. 1000 which he can spend on buying Pizzas and…

A: Budget constraint is the graph that represents the maximum purchases of the product and services…

Q: Y) för 1 пее (g0 a. Write out Jim's utility function. b. Jim's budget constraint is 100 = 4x + 9y.…

A: (A) U = min(2X, Y) If Y is 2, X should be 1,thus U remains constant and U is utility.

Q: Donald derives utility from only two goods, carrots (Q.) and donuts (Qa). His utility function is as…

A: Utility is the satisfaction that a consumer derives from the consumption of a good. Indifference…

Q: If a household has an income of $50 and buys only milk at $3 each unit and honey at $6 each unit,…

A: Answer: Introduction: Budget constraint or equation: The budget equation shows that the consumer's…

Q: A consumer's budget constraint is given by 500 = 40G + 10D, where G is ice cream in liters and D is…

A: Utility function: U = G + 3D From budget line: When G = 0, D = 50 and U = 0 + 150 = 150 When D = 0,…

Q: A consumer has income of $3,000. Coke costs $3 per glass, and cheese costs $6 per pound. Draw the…

A: Since you have posted multiple questions and not specified which question needs to be solved, we…

Q: a. Suppose Fiona’s income is $100 per week, which she allocates between chocolates and books.…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer one question at a…

Q: Andre has a salary of $1000. He spends his entire budget on shoes and beers. The cost for a pair of…

A: 1)25x+25y=1000 This is the old budget constraint. 15x+15y=1000 This is the new budget constraint.…

Q: Shushma has a limited income to spend on orange and apple. Market price of orange (Po) is Rs.20 per…

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Q: Draw the budget constraint for a person with income of $1,000 if the price of Pepsi is $5 and the…

A: Budget constraint depicts the combinations of two products or services which could be purchased by a…

Q: On the diagram to the right is plotted a single bundle of 2 books and 3 DVDS consumed per month.…

A: Budget line is a locus of points which shows all the possible combinations of two goods which a…

Q: Joe's budget constraint equals 500 = 2F + 100S, where $500 is Joe's income, $2 is the price of food…

A: Budget constraint shows combinations of two goods that can be bought with the given level of income.

Q: consumer's budget constraint describes: a. Goods outside the consumer's possible consumption basket…

A: A demand constrained framework is one where employment and output in the framework are what they are…

Q: A consumer has income of $3,000. Wine costs $3 a glass, and cheese costs $6 a pound. Draw the…

A: Total income of the consumer = $3000 The cost of a glass = $3 The cost of cheese = $6

Q: Roy has preferences for laptops (L), and drones (D). Laptops costs $750 a unit and drones costs…

A: Note:- Since we can only answer up to three subparts, we'll answer the first three. Please repost…

Q: Susan has the option to purchase eyeglasses, E, $3 each, and orange juice,O, $1 each. Her income is…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Consumer spends $360 per week on two goods, X and Y. PX=$ 3 and PY=$2. His utility function is U=…

A: The equilibrium in consumer behavior arrives when a buyer extracts the highest amount of utility…

Q: Solve the attachment. image

A: Given: Consumer's income is = $400 The price of X is = $10 The price of Y is = $2 Consumption of…

Q: 2. Ernest wants to achieve a utility level of 100. His utility function is U = XY. What is the least…

A: here we calculate the least amount of money that Ernest can spend to achieve a utility level of 100…

Q: What is a budget constraint? A consumer has an income of $3000. Soda costs $3 per liter and cheese…

A: Micro economics is a branch of economics which studies economics at individual level. It means that…

Q: A consumer has an income of $400 and is deciding between two products: X and Y. Assume that the X…

A: Budget constraints All the possible combinations of goods and services that a consumer can acquire…

Q: Suppose Cawlin has a budget of $90 that he spends on movies (Q) and roller skating (Qa. The price of…

A: The budget constraint of a consumer is the maximum amount of two goods which a consumer can buy…

Q: Charlie eats only pizzas and fruit salads which are discrete goods. Each pizza has 1000kcal, and…

A: Given ,  1 pizza = 1000 Kcal  Price of a Pizza = 8 1 Fruit Salad = 250 Kcal  Price of Fruit pizza =…

Q: Susan has the option to purchase eyeglasses, E, $3 each, and orange juice,O, $1 each. Her income is…

A:

Q: The prices of good A and good B are $3 and $2 respectively. Theodore has a budget of $29 to…

A: Price of A = 3 Price of B = 2  Income = 29  Consumption Bundle = (7 ,4 ) Budget line => 3A + 2B =…

Q: 3. Diagram the following budget constraint where Income - $10,000, Px – $100 and Py - $250

A: A budget line shows various combinations of two goods that a consumer can afford at given prices and…

Q: Maria spends all of her income of $2,000 on food (F) and clothing (C). The prices per unit are: PF =…

A: Budget line is a line showing various combinations of two goods that a consumer can purchase by…

Q: ↑ Pepsi Pizza Refer to Figure#1. A consumer that chooses to spend all of her income, and she…

A:

Q: PYQY = M, where PX = $2, PY = $1 and M = $10 (M is income) a. What is the slope of the budget…

A: The ‘optimal choice’ of the goods of the consumers is dependent on the income of the consumers. The…

Q: Diagram the following budget constraint where Income - $10,000, Px – $100 and Py - $250.

A: Budget constraint shows the combination of two goods  that the consumer can purchase with the given…

Q: Suppose a consumer has income of dollars 20 which to be spent on good B and A. Good B cost dollar 4…

A: The indifference curve shows the various combination of two goods that gives the same utility on the…

Q: Derive consumer's budget constraint       ii) Derive the marginal utility X and  marginal…

A: TUx  = 50x - 5x^2 TUy = 32y - 4y^2 Px = 5 Py = 8 Income = 120

Q: a) Suppose a consumer has a budget for fast-food items of $20 per week and spends this money on two…

A: Budget line refers to the line that shows the combination between two goods that can be purchased…

Q: 3. Apoorva spends her entire income on (*good") goods X and Y, which she views as neither perfect…

A: Disclaimer: Multiple questions => Answer to the first question provided.

Q: 1. Annie consumes two goods: sandwiches and coffee, with respective quantities s and c. Suppose the…

A: Budget line  A budget line represents the different combinations of two goods that are affordable…