1. Assume that data in the accompanying table give an indifference curve for Amrey. Graph this curve, putting A on the vertical axis and B on the horizontal axis. Assuming that prices of A and B are 1.50 and 1.00 peso, respectively, and that Amrey has 24 pesos to spend, add his budget line to your graph. What combination of A and B will Amrey purchase? Does your answer meet the MRS-MRMS for equilibrium? Combination A B C D Units of A 16 12 8 4 Units of B 6 8 12 24

1. Assume that data in the accompanying table give an indifference curve for Amrey. Graph this curve, putting A on the vertical axis and B on the horizontal axis. Assuming that prices of A and B are 1.50 and 1.00 peso, respectively, and that Amrey has 24 pesos to spend, add his budget line to your graph. What combination of A and B will Amrey purchase? Does your answer meet the MRS-MRMS for equilibrium? Combination A B C D Units of A 16 12 8 4 Units of B 6 8 12 24

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

ONLY DO THE GRAPH DIGITAL

I REPEAT GRAPH ONLY BUT DIGITAL NOT HANDWRITTEN

I WILL UPVOTE

1. Assume that data in the accompanying table give an indifference curve for Amrey. Graph this
curve, putting A on the vertical axis and B on the horizontal axis. Assuming that prices of A and
B are 1.50 and 1.00 peso, respectively, and that Amrey has 24 pesos to spend, add his budget
line to your graph. What combination of A and B will Amrey purchase? Does your answer meet
the MRS=MRMS for equilibrium?
Combination
A
B
C
Units of A
16
12
8
4
Units of B
6
8
12
24

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Step 2: Equation of budget line:

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Step 3: Graph of indifference curve and budget line:

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Step 4: Optimal combination of good A and good B:

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can you please do the graph
Quantity/Output Total Fixed Cost Average Fixed Cost Total Variable Cost Average Variable Cost Total Cost Average Total Cost Marginal Cost (units) (dollars) (dollars) (dollars) (dollars) (dollars) (dollars) (dollars) 0 $50 $0 10 $50 $20 25 $50 $40 45 $50 $60 60 $50 $80 70 $50 $100
question part c should contain a graph
Please see the attached two pictures, one for the graph, and the other for the questions.