How budget constraint is affected

Assignment Help Business Economics
Reference no: EM133084121

As a college student you work at a part-time job, but your parents also send you a monthly "allowance." Suppose one month your parents forgot to send the check. Show graphically how your budget constraint is affected. Assuming you only buy normal goods, what would happen to your purchases of goods?

Reference no: EM133084121

Questions Cloud

Why people turn out to vote in national elections : 1. What do you believe is the biggest factor in why people turn out to vote in national elections?
Foundations and strategy and external environment : What sort of changes might that technological development trigger in other segments of the general environment.
UEE30911 Certificate III in Electronics and Communications : UEE30911 Certificate III in Electronics and Communications Assignment Help and Solution - Reviews special request from workplace supervosir and and interprets
Common macroeconomic goals of the government : Discretionary Fiscal Policy is often used by governments around the world to achieve economic goals.
How budget constraint is affected : Show graphically how your budget constraint is affected. Assuming you only buy normal goods, what would happen to your purchases of goods?
What is the average fixed cost : Suppose the cost of a unit of labor is w and the cost of a unit of capital is r. What is the average fixed cost if the firm is producing 10 units?
Summarize the color and clarity of 308 diamond stones : Use a graphical technique to summarize the color and clarity of the 308 diamond stones. What is the color and clarity that occurs most often? Least often?
Types of leaders-Transformational-Narcissistic : Give examples of the following types of leaders. Explain what traits that they exhibit that supports your choice of leadership style.
Explain the matrix structure : If you learned that a company had a matrix structure, would you be more or less interested in working there? Explain your answer. How would you prepare yourself

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!

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