Determine how much money does dave have

Assignment Help Econometrics
Reference no: EM13233282

Dave is buying pizza and soda. Suppose that a slice of pizza anda can of soda each cost $4

Let E be the amount in dollars that Dave spends onpizza and soda. If Dave buys P slices and S cans ofsoda, which one of the following equations correctly describes theamount of money he spends?

E= 4P+4S

E= P+4S

4E=P+S

E= P+S

Now rearrange the equation you wrote above so that S is writtenin terms of E and P. Which of the following is correct?

S=E-P

S=P+E

S= (1/4)E-P

S=4E-4P

S=E-4P

and then I have to graph it - The graph then says based on thebudget constraints where each S and P are 10 with a line drawn straight down, how much money does Dave have?

Reference no: EM13233282

Questions Cloud

Recent event that has involved that parliament : france, germany, italy, latvia, netherlands, poland, spain, sweden, united kingdom, and do an internet news search (I use Yahoo!) using the name of the parliament (e.g., the Netherlands Tweede Kamer).
Which following statements correctly sets a dog weigh : Assume you have created a class named Dog that contains a data fi eld named weight and an instance method named setWeight(). Further assume the setWeight() method is public and accepts a numeric parameter named pounds
Describe what companies must do to achieve this rating : Discuss ISO 14,000 and ISO 14,001 and briefly describe what companies must do to achieve this rating.
Compute the potential of the cell : Calculate the potential of the cell. Indicate whether the reaction will proceed spontaneously in the direction considered (oxidation on the left, reduction on the right) or an external voltage source is needed to force this reaction to occur
Determine how much money does dave have : Dave is buying pizza and soda. Suppose that a slice of pizza anda can of soda each cost $4 Let E be the amount in dollars that Dave spends onpizza and soda. If Dave buys P slices and S cans ofsoda, which one of the following equations correctly de..
Choose at least one of mcdonalds competitors : Choose at least one of McDonald's competitors and discuss its position relative to McDonald's. Comment on McDonald's prospects of success against this competitor.
Fact typical of the modern world : What characteristics of the renaissance have been regarded as distinctively modern, Do you agree that these characteristics are in fact typical of the modern world
What is the magnitude of the acceleration : What is the magnitude of the acceleration of a modified At wood machine if the mass of the cart is 3 kg and the hanging mass is 4 kg
Make sure review the strategies for effective communication : Make sure you review the strategies for effective communication in your text. You might also want to do some additional research regarding communication loops and processes.

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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