With consumption on the vertical axis and leisure on the horizontal axis, the slope of the budget line is equal to O O A. - W. B. wh + -T. C. T. D. - T. OE. W.
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- Last week Sara’s income was $12 a week. The price of popcorn was $3 a bag, and the price of a smoothie was $3.e. Draw a graph of Sara’s budget line with the quantity of smoothies on the x-axis.f. What is the slope of Sara’s budget line? What determines its value?Akua gets a research grant and her income increases to GHS 800 per month. What is the new equation of her budget line? What if income stays constant at GHS 400 and the price of Yoghurts increase to GHS10?a consumer has a daily income of $96 and purchases just two goods, burgers and sodas. the price of burgers is $8 and the price of sodas is $2. with burhers on the horizontal acis, draw the budget line for the consumer. calculate the slope of the budget line. how would the budget line chnage if we increase the price of sora to $4.
- Write down the equation for the budget constraint and then graph it for .. Px = $100 Py = $25 Income = $5,000.00A consumer's budget is 137. A unit of good x costs 3 and a unit of good y costs 4. If the consumer purchases 3 units of good y, how many units of good x can the consumer purchase? Please round your answer to two decimal places. Answer: Previous page 2028 P Type here to search 01/12/2021Joy goes bowling once and snow boarding three times a month when she has $60 to spend. A visit to the bowling alley costs $30, and a snow boarding ticket costs $10. Draw Joy's budget line. Label it. If the price of a snow boarding ticket falls to $6, describe how Joy's consumption possibilities change. Joy's consumption possibilities OA. increase or decrease, but it is not possible to predict without knowing if her income also changes OB. increase and if Joy spends all of her income on bowling, she can go bowling more often OC. decrease OD. increase and if Joy spends all her income on snow boarding, she can buy more snow boarding tickets 8- 7- 6- 5- 4- 3- 2- 1- 0- Quantity (snow boarding outings per month) 0 2 3 Quantity (bowling outings per month) >>> Draw only the objects specified in the que Time Remaining: 00:
- Draw Shahab's budget constraint if he has income of Rs. 1000 which he can spend on buying Pizzas and Pepsi cans ( Price of a Pizza is Rs.100 and price of a can of Pepsi is Rs.20) i.The income of a consumer is $40, the price of A is $5, and the price of B is $2. If the quantity of A is measured vertically, then the slope of the budget line is?Gabriel has a weekly income (N) of $50, which he uses to purchase cupcakes (C) and tea (7). The price of a cupcake is $1, and the price of tea is $2.50. Suppose Gabriel's income increases to $100, and the prices of both cupcakes and tea remain unchanged. Given this income change, one would expect Gabriel's budget line to: O shift to the right. shift to the left. rotate around the tea axis point. not be affected.
- Assume that Sara has $800 per month to divide between playing golf and playing paint ball . Assume Golf costs $40 and paintball costs $80 . Suppose Sara plays golf eight times per month and plays paintball six times per month . a. Draw Sara’s budget constraintb. Assume Sara has new expenses and can spend $320 only this month. Draw the new budget constraintc. As a result of a decrease in income Sara decides to play 11 rounds of golf and two games of paintball . what kind of a good is paintball ? what kind of a good is golf?d. Assume Sara has $400, the price of paintball is still $40 , but the price of Golf doubles , draw the new budget constraintQUESTION 23 Refer to the budget line shown in the diagram below. The absolute value of the slope of the budget line is: 10 8. 4 6. 8. 10 Quantity of C PC/PD. MUC/MUD. one-half. PD/PC. Quantity of DExplain how a consumer budget and product price changes impact the budget line by drawing hypothetical example budget lines.
