Draw the budget constraint

Assignment Help Econometrics
Reference no: EM131324493

A poor person who has an income of $1,000 receives $100 worth of food stamps. Draw the budget constraint if the food stamp recipient can sell these coupons on the black market for less than their face value.

Reference no: EM131324493

Questions Cloud

The complete portfolio is composed of a risky asset : You are going to invest $10,000 in a complete portfolio. The complete portfolio is composed of a risky asset with an expected rate of return of 15% and a standard deviation of 21%, and; a treasury bill with a rate of return of 5%. How much money shou..
What is the budget constraint facing an individual : What is the budget constraint facing an individual if that individual may buy up to $100 per month in food stamps at 15¢ per each $1 coupon?
Define arbitrage and the law of one price : What is an efficient market? Why do efficient markets benefit society? Define arbitrage and the law of one price. What role do they play in our market system?
Two immune system questions : Activated T-helper cells aid in humoral immune responses by releasing cytokines which promote antibody production, phagocytosis, neutralization and apoptosis. Which parts of this statement are false and why? I know cytokines activate B cells and c..
Draw the budget constraint : A poor person who has an income of $1,000 receives $100 worth of food stamps. Draw the budget constraint if the food stamp recipient can sell these coupons on the black market for less than their face value.
State the technical specifications of your ideal computer : State the technical specifications of your ideal computer. What would you like your ideal computer to accomplish? What frustrations do you have with computer capabilities today?
Create a memo proposal using the aida model : Create a memo proposal using the AIDA model.Explain what you will do in case the selected product or service does not initially sell as much as expected.Indicate potential digital channels for marketing your product or service.
What are major functions of derivative markets in an economy : What is storage? Why is it risky? What role does it play in the economy?- Why is delivery important if so few futures contracts end in delivery?
Examples of the primary human tissues : Describe and give examples of the primary human tissues, and where in the body each can be found. Please include references.

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