What is value of x in bundle with x apples and 23 bananas

Assignment Help Econometrics

Reference no: EM13236606

Jean-Pierre consumes only apples and bananas. He prefers more apples to less, but he gets tired of bananas. If he consumes fewer than 28 bananas per week, he thinks that one banana is a perfect substitute for one apple. But you would have to pay him one apple for each banana beyond 28 that he consumes. The indifference curve that passes through the consumption bundle with 31 apples and 40 bananas also pass through the bundle with X apples and 23 bananas, where X equals?

Reference no: EM13236606

Questions Cloud

What were the military advantages hittites had at this time : The Hittites were considered to have military superiority at the time, and they were a major challenge to other powerful kings and kingdoms. What were the military advantages the Hittites had at this time?

What is the total horizontal distance : A soccer ball is kicked from the ground at an angle of ? = 60 degrees with respect to the horizontal, What is the total horizontal distance, (dm), in meters, traveled by the ball in the time, tm

Explain what sort of policy has the united states adopted : a. Explain why this might be so. Classify basic research in one of the categories; private goods, natural monopolies, common resources, public goods. b. What sort of policy has the United States adopted in response

Explain change in free energy for the reaction : Estimate change in free energy for this reaction at each of the following temperatures and predict whether or not the reaction will be spontaneous

What is value of x in bundle with x apples and 23 bananas : Jean-Pierre consumes only apples and bananas. He prefers more apples to less, but he gets tired of bananas. If he consumes fewer than 28 bananas per week, he thinks that one banana is a perfect substitute for one apple

Explain the number of carbon atoms in the molecule : In the IUPAC naming system, all alkanes end in the suffix ane and begin with a prefix determined by the number of carbon atoms in the molecule

What angle will the first order cyan line appear : A diffraction grating with groove spacing of 2 microns is used to observe the balmer series in hydrogen, At what angle will the first order cyan line appear

Influences of religion on the wars of ancient greece : What do you feel were some of the influences of religion on the wars of Ancient Greece. Do you believe the involvement of the gods fueled the passion of war? If so, how?

Judaism to christianity and islam-historians of religion : Historians of religion have often posited a Zoroastrian influence upon ancient Judaism (and through Judaism to Christianity and Islam) based upon the extensive time period during which Jews dwelt in Persia and the importance of that period in the ..

User Account

All Pages