What is the slope of sara budget line

Assignment Help Microeconomics
Reference no: EM132114746

Quesiton: Sara's income is $12 a week. The price of popcorn is $3 a bag, and the price of a smoothie is $3.

Calculate the equation for Sara's budget line (with bags of popcorn on the left side). Draw a graph of Sara's budget line with the quantity of smoothies on the x -axis. What is the slope of Sara's budget line? What determines its value?

Reference no: EM132114746

Questions Cloud

What are your sunk costs : Cain just offered you $14 for the ticket, while just abel offered you $15. At this moment in time, what are your sunk costs?
Substitution effects of income redistribution : Discuss the income and substitution effects of income redistribution.
What is the effect of the fall in sara income : Sara's income falls from $12 to $9 a week, while the price of popcorn is unchanged at $3 a bag and the price of a smoothie is unchanged at $3.
What does room to manueuver in wto mean : What does room to manueuver in WTO mean? Do only developed countries can get benefits from it?
What is the slope of sara budget line : Calculate the equation for Sara's budget line (with bags of popcorn on the left side). Draw a graph of Sara's budget line with the quantity of smoothies.
What is the opportunity cost of a smoothie : Sara's income is $12 a week. The price of popcorn is $3 a bag, and the price of a smoothie is $3. Calculate Sara's real income in terms of smoothies.
Review problem on affordable combination of goods : Explain the conditions that are met when a consumer has found the best affordable combination of goods to buy. (Use the terms budget line, marginal rate)
What is the expected average mips : What is the expected average MIPS (million instructions per second) rate for this CPU?
Explain what happens to the consumption of the good : When the price of a good falls and the prices of other goods and a consumer's income remain the same, explain what happens to the consumption of the good.

Reviews

Write a Review

Microeconomics Questions & Answers

  Explain implication of facts for federal government spending

In addition, "Federal outlays are expected to increase by 2.6 percent this year, to $3.5 trillion, or 20.5 percent of GDP-their average percentage over the past 40 years. CBO projects that under current law, outlays will grow faster than the econo..

  The number of passengers increased from 700 to 800 per day

last year the us low-cost-carrier spirit airlines entered the dallas-chicago market. the average ticket price for all

  How do you interpret the two regressions

Can you relate the slopes and intercepts of the two models and Can you compare the R2 values of the two models? Why or why not?

  Banking industry from a global and ethical posture

Analyze the banking industry from a global and ethical posture. Be specific as to which ethical posture you should be taking.

  Theories of john maynard keynes

Determie what geopolitical events helped shape John Maynard Keynes theories and how did they shape the future of economic policy in the United States and other Western nations?

  Explain how markets fail to protect environmental quality

The problem is from Economics. The problem is explains about the failure of markets to protect environmental quality and the factors that influence the price consumers pay for land.

  Changes in inflation expectations and required real yields

Changes in inflation expectations and required real yields occurred?

  Trust is hard to build but easy to break

Question:Trust is hard to build but easy to break.  Companies have to keep on improving to continue to have the trust of the consumers and stock holders. a couple of decades ago Coke changed its formula and they lost  much profit and the trust of the..

  Explain the determinants of demand and supply for the

write a 700-1000 word paper in which you address the questions abovenbspusing the guide below. also do your best to

  Price change as well as the changes to quantity of imports

The world price of wine is below the price that would prevail in the United States in the absence of trade. Assuming that American imports of wine are a small part of total world wine production, draw a graph for the U.S. market for wine under free t..

  Why might a person want to sell a flashlight

During a crisis such as Hurricane Sandy, governments often make it illegal to raise the price of emergency items like flashlights and bottled water.

  Describe the bond supply shifters and expected profitability

Describe the Bond Supply Shifters, namely, Expected profitability of investment opportunities, Expected Inflation, Government Activities.

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