What is the horizontal intercept of the budget line

Reference no: EM13210271

1. The cross price elasticity of demand between goods X and Y is -3.5. If the price of X decreases by 7%, the quantity demanded of Y will ___.

2. What is the horizontal intercept of the budget line, given that M = $1,000, PX = $50, and PY = $40?

3. Costs that are forever lost after they have been paid are___.

Reference no: EM13210271

Questions Cloud

What amount would be available for capital replacements : The first operating expense was in July 2005, and the first replacement expense is in July 2009. If all money earns interest at 5% after the time of endowment, what amount would be available for capital replacements at the end of every fifth year ..

Write a program that instantiates objects of your classes : Write a program that instantiates objects of your classes and outputs each object's area (except Quadrilateral).

Efforts to reduce urbanization problems : Compare and contrast three (3) positive and three (3) negative results of urbanization within the developing country that you have selected. Support your response with concrete examples of each of the results that you have cited.

Draw a structured flowchart describing the steps : 1. Draw a structured flowchart describing the steps you would take to cook popcorn in a microwave oven. Include at least one decision. 2. Create the pseudocode to go along with the flowchart created in question above.

What is the horizontal intercept of the budget line : 1. The cross price elasticity of demand between goods X and Y is -3.5. If the price of X decreases by 7%, the quantity demanded of Y will ___. 2. What is the horizontal intercept of the budget line, given that M = $1,000, PX = $50, and PY = $40

Write a program that conducts a dialog : Write a program that conducts a dialog with the user as follows: i. Ask the user what is his/her first name. ii. Ask the user what is his/her last name. iii. And then respond by saying What is your first name?John WHat is your last name?Smith Hell..

Focus on the function and how it is secured by the use : Explain two or three uses for Microsoft Certificate Services. Focus on the function and how it is secured by the use of a PKI.

What is the capitalized woth of the system : a city is spending $20 million on a new sewage system. The expected life of the system is 40 years, and it will have no market value at the end of its life. Operating and maintenance expenses for the system are projected to average $0.6 million pe..

Most appropriate decision when conflict arises : How can ethical principles be used to identify the most appropriate decision when conflict arises?

User Account

All Pages