User Account

All Pages

What is the consumer income on budget line

Assignment Help Basic Computer Science
Reference no: EM131925710

Price of good X is $50.

(a) What is the consumer's income on budget line B1?

(b) What is the price of good Y on Budget line B1?

(c) What is the equation of the budget line B1, given the prices and income that you have determined?

(d) What is the consumer's marginal rate of substitution when she is at equilibrium at point A?

(e) What are the prices of X and Y on budget line B2? You may assume that the income is the same as budget line B1.

(f) What are the prices of X and Y on budget line B3. You may assume that the income is the same as budget line B1.

(g) Assume that the prices remain at the levels indicated by B1. However, income increases such that the budget line changes from B1 to B3. What is the income level at B3?

Reference no: EM131925710

Questions Cloud

Write a paper on the basis of template on given topic : Write a paper on the basis of template posted as Research Paper template (word document) and the topic for the paper is the research topic.
Administrative laws and regulatory laws : What is the difference between Administrative Laws and Regulatory Laws? What is the Administrative Procedure Act (1946)
How the company uses its own product to enhance compensation : Assignment: CASE STUDY PAPER- How the company uses its own products or services to enhance the total compensation for its employees;
Maximizing utility since you and the market value pizza : Suppose that the MRS is 4 cups of coffee per pizza and that the prices of coffee and pizza are $2.50 and $10 respectively. In this situation:
What is the consumer income on budget line : (a) What is the consumer's income on budget line B1? (b) What is the price of good Y on Budget line B1?
Summarize the geographical risks of doing business in mexico : Summarize the geographical risks of doing business in Mexico.Include an examination of the following factors:topography etc.
Describe the consequences of doing so as a monopolist : Describe the consequences of doing so as a monopolist, oligopolist, monopolistic competitor, and perfect competitor.
How the us patriot act has affected security operations : describing the laws governing legal authority and licensing requirements for private security companies and police officers in your state
What is a business model : What is a Business Model? At least 2 paragraphs. What role do value propositions perform in successful business models? This must be at least 2 paragraphs.

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Problem of human error

Human errors will always occur as discussed by Reason and there are two ways to view the problem of human error. Discuss the two ways.

  Why is accessing a disk block expensive

Why is accessing a disk block expensive?

  System crash on the wednesday

A customer performs a full backup on the first Sunday of the month followed by a cumulative backup on the other Sundays. They also perform an incremental backup each day Monday through Saturday.

  Accounting departments of a large online

Based on the first letter of my last name, Accounting departments of a large online company is assigned to you.

  Variables does the data frame have

How many variables does the data frame have? How many rows does the data frame contain?

  How many sub-queries can be included

How many sub-queries can be included in a SELECT statement, as specified by the SQL standard?

  Computerized analysis of yahoo annual reports

Computerized Analysis of Yahoo's Annual Reports and Financial Statements Section 1: Accounting for decision making

  How can you build a complex system that can be still used

How can you build a complex system that can be still used by a broad audience by using a menu system, a GUI, or other tool or technique?

  What is the consumer surplus from concert tickets

At a price of $30 per ticket, what is the consumer surplus from concert tickets? (Hint: find the inverse demand so that you know the maximum price anyone will

  Create the tables and relationship in access

If you were given an ERD that contained a M:N relationship between orders and products, what would you need to do in order to create the tables and relationship in Access?

  Distinguish between mobile subscriber

Distinguish between mobile subscriber, ISDN number and mobile station roaming?

  Calculate to the nearest dollar

Polycorp wishes to issue a 90 day bank bill with a face value of $3,000,000. If the current 90 day rate is 9% how much will Polycorp issue the bill for. Calculate to the nearest dollar.

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