Budget line and opportunity set change

Assignment Help Other Subject
Reference no: EM132351030

A person with low income in the United States may receive both food and housing vouchers. If that person's income were £500 per month, and the prices of both food and housing were £1 per unit, draw her/ his budget line. If she/he receives £100 per month in food vouchers and £200 per month in housing benefits, how do her/his budget line and opportunity set change?

Reference no: EM132351030

Questions Cloud

Draw the payoff matrix : Draw the payoff matrix (note that Time Warner and District x are the only ones in the market.
Explain the roles and responsibilities of team members : L/601/8725-Support individuals undergoing healthcare activities-Describe relevant anatomy and physiology in relation to the healthcare activity.
Why soft selling is a successful signal : Describe the information asymmetry, the adverse selection problem, and why soft selling is a successful signal.
Describe agreed ways of working relating to pressure area : T/601/8721-Undertake agreed pressure area care - Describe how incorrect handling and moving techniques can damage the skin.
Budget line and opportunity set change : If she/he receives £100 per month in food vouchers and £200 per month in housing benefits, how do her/his budget line and opportunity set change?
What are three seperate areas of recreation safety : What are three seperate areas of recreation safety and three safety concerns for each area?
Together to limit occupational choices : How does circumscription and compromise work together to limit occupational choices?
Explain how increased consumer savings will impact aggregate : Explain how increased consumer savings will impact aggregate demand. Will it affect aggregate supply? Why or why not?
How do statistics help in the decision making process : How do statistics help in the decision making process when considering whether to engage in a safe or unsafe behavior? Do they really matter?

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd