User Account

All Pages

Draw alex budget line between left shoes

Assignment Help Business Economics
Reference no: EM132001385

Suppose it is possible to buy left shoes for a price of $35/shoe and right shoes for a price of $50/shoe. Alex has an annual budget of $850 for buying shoes, and she has, like most people two feet.

  1. Draw Alex's budget line between left shoes (on the horizontal axis) and right shoes (on the vertical axis). Draw a few of her indifference curves, and show her optimal choice. How many left shoes and how many right shoes does she buy?

Reference no: EM132001385

Questions Cloud

Impact of inflation also change with time : Also, discuss as we moved from barter to the gold standard to the current fiat money system, how does the impact of inflation also change with time?
What does that tell us about the optimal capital structure : what does that tell us about the optimal capital structure? How realistic is this assumption?
Find the corresponding continuous compounding rate : Find the corresponding continuous compounding rate assuming that the bond is purchased at par.
Determine the potential negative impact on the project : Using the Delphi technique, your team constructed the following risks register for the VoIP project containing the risk, the likelihood of its occurrence.
Draw alex budget line between left shoes : Draw a few of her indifference curves, and show her optimal choice. How many left shoes and how many right shoes does she buy?
Explain why people commit criminal acts : You need to select the theories and provide a detailed explanation of how this theory explains why people commit criminal acts.
Characteristics of optimal consumer allocation : The following are key characteristics of the Optimal Consumer's Allocation, as presented in class, EXCEPT:
Address at least one common ethical obligation facing : Explain how each ethical obligation is overcome and/or mitigated by psychologists by providing specific examples of policies, programs, laws, or regulations.
Describe the likelihood and the potential impact of risks : Identify the key risks (both positive and negative) associated with embarking on a graduate program. Describe the likelihood and the potential impact.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

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

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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