How the change in entrance fee affected decision

Assignment Help Other Subject
Reference no: EM133232289

It is another Friday evening, and you want to have some pizza again! You have $60 in your pocket, and a slice of pizza costs $3.

a) Draw your feasible set in terms of pizza and leftover cash and your preferred choice point. Let's put pizza on the x (horizontal) axis and cash on the y (vertical) axis.

b) Explain why the preferred choice point you selected above is your preferred choice.

c) Imagine you went to a Pizza place, and you find out that there is an entrance fee of $9. Draw your new feasible set and new preferred choice.

d) Describe in words how the change in entrance fee affected your decision.

Reference no: EM133232289

Questions Cloud

Main types of unemployment : The Covid-19 pandemic has led to many economies experiencing a slowdown in economic activity. Two main types of unemployment can arise as a result of the Covid-
Calculate the total depreciation charge and book value : An equipment costs Php 10,000 with a salvage value of Php 500 at the end of 10 years. Calculate the total depreciation charge and book value at the end of 7 yea
Determine the quality of health care services offered : You were wondering if there were any reviews of these types of programs to determine the quality of health care services offered.
Calculate the total depreciation charge and book value : Calculate the total depreciation charge and book value at the end of 7 years using straight line method.
How the change in entrance fee affected decision : It is another Friday evening, and you want to have some pizza again! You have $60 in your pocket, and a slice of pizza costs $3.
How will be coordinated with any necessary stakeholders : Create a plan for closing the project properly that includes details on how that closure will be coordinated with any necessary stakeholders.
What is sharepoint : What is Sharepoint? What general changes might be required for business processes to take advantage of Sharepoint? Compare Sharepoint with Cloud Computing softw
Find supply and demand and elasticity : i) A café owner finds that when she raises the price of coffee, her total revenue increases also. Use your understanding of the price elasticity of demand to ex
How external forces impacted business strategy of blackberry : Drawing from the case of BlackBerry, critically discuss the application and limitations of the Systems theory.

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