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- Question 6 Burritos 9 8 7 6 5 4 3 2 1 1 3 4 5 6 7 Assume Kerri's budget constraint is represented in the graph shown. If Kerri's income to spend on these two items increases, her budget constraint will: shift in, maintaining the same slope. shift out and become flatter. shift out and become steeper. shift out, maintaining the same slope. OOOO Salads 211 Refer to Figure 3. Assume Tom is on budget constraint AC. If the price of a hamburger is $5, Tom's monthly income is Select one: a. $20 b. $300 c. $60 d. $100QUESTION 9 Refer to the information provided in Figure 6.5 below to answer the question(s) that follow. Molly's montly budget constraint Number of CDs per month 0 F Number of DVDs per month Figure 6.5 Refer to Figure 6.5. Molly's budget constraint is EF. If her income decreases and the price of CDs increases, her new budget constraint could be O CD. BD. O AD. O Both BD and AD are correct.
- True or false. A budget constraint, budget line or budget set is a graphical way to illustrate all possible combinations of two goods that a person can afford.Which budget constraint panel in Figure below shows the combined effects of an increase in the price of oranges and a decrease in the price of apples? (e) (c) Oranges (a) (b) (d) Oranges Oranges Oranges Oranges Apples Apples Apples Apples Apples O panel a panel b panel c O panel e O none of the aboveSketch the following budget constraints: PX PY Income A RO 50 100 RO 5000 B 100 150 5000 C 50 200 2000 D 20 8 800
- 12. Suppose a cup of coffee at the campus coffee shop is $2.00 and a cup of hot tea is $2.50. Suppose a student's beverage budget is $20 per week. What is the most cups of tea the student could buy? a. b. 10 16 d. 20 c.Steve has $10 to spend on soda and candy. Soda costs $1 per bottle and candy costs $0.5 each. Use the grid below: upos 20 15 10 0 10 15 20 25 Candy Bars a) Draw a graph of Steve's budget constraint b) Draw Steve's best bundleThe question says Olivias favorite Mexican snacks include flautas and sopapitas. If her $12 budget is represented in the graph The price of flauta is ___ and sopapitas is ___? Select one a. $2 ; $4 b.$3 ; $4 c.$4 ; $3 d.$6 ; $3 Graph is given.
- Q8. Jacob's favorite activities are going to baseball games and going to the theater. Jacob's budget for these activities is $600. A ticket to a baseball game costs $15 and a ticket to the theater costs $60. a. Graph Jacob's budget constraint. b. Calculate the slope of Jacob's budget constraint c. How many t total baseball games can Jacob attend if he visits the theater six times? d. Suppose Jacob receives $300 in cash for his birthday and he decides to put all of this money toward his entertainment budget. Draw Jacob's new budget constraint. e. If Jacob now decides to visit the theater ten times, how many baseball games can he attend?Worksheets 6. Dan spends his money on baseball games and concert tickets. Baseball tickets cost 915 , and Concent tickets cost$25. His entertainment budget is$150. a. Draw Dan's budget constraint, putting basebali tickets on the x-axis. b. Dan decides to attend three concerts and five baseball games. Plot this point on the budget constraint. C. Dan's best friend Jay tells Dan that his favorite thing to do is go to concerts. In fact, going to concerts is popular with a lot of Dan's friends. Will Dan's budget constraint increase. decrease, or stay the same? Will the quantity of concerts he attends increase, decrease, or, stay the same?Nick brings $25 to a baseball game to spend on hot dogs and beer. The following diagram shows his budget constraint: 10 9. ВС 8. 7 BC 1 2 3 4 5 6 7 8 9 10 HOT DOGS According to the diagram, hot dogs cost $ each, and beer costs $ per glass. Adjust the diagram to show how Nick's budget constraint would change if he had brought more money to the ballpark. (Assume the prices of hot dogs and beer remain the same.) Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will 9, 4. 2. GLASSES OF BEER