5. Vera is an impoverished graduate student who has only $100 a month to spend on food. She has read in a government publication that she can assure an adequate diet by eating only peanut butter and carrots in the Öxed ratio of 2 pounds of peanut butter to 1 pound of carrots, so she decides to limit her diet to that regime.a) If peanut butter costs $4 per pound and carrots cost $2 per pound, how much can she eat during the month?b) Suppose peanut butter costs rise to $5 because of peanut subsidiedintroduced by a politically sensitive government. By how much will Vera have to reduce her food purchases?c) How much in food stamp aid would the government have to give Vera to compensate for the e§ects of peanut subsidy?d) Explain why Veraís preferences are of a very special type here. How would you graph them? albany.eduMy Questions | bartlebyMail - Mangia, Louis M - OutlookForum: Week Three: Prejudice and Discrimination ( Due ...https://www.albany.edu/~by872279/micro/Hw1.pdf5. Vera is an impoverished graduate student who has only $100 a monthto spend on food. She has read in a government publication that she canassure an adequate diet by eating only peanut butter and carrots in the fixedratio of 2 pounds of peanut butter to 1 pound of carrots, so she decides tolimit her diet to that regime.a) If peanut butter costs $4 per pound and carrots cost $2 per pound,how much can she eat during the month?b) Suppose peanut butter costs rise to $5 because of peanut subsidies albany.eduMy Questions | bartlebyMail - Mangia, Louis M - OutlookForum: Week Three: Prejudice and Discrimination ( Due ...https://www.albany.edu/~by872279/micro/Hw1.pdfintroduced by a politically sensitive government. By how much will Verahave to reduce her food purchases?c) How much in food stamp aid would the government have to give Verato compensate for the effects of peanut subsidy?d) Explain why Vera's preferences are of a very special type here. Howwould you graph them?

a) When Vera started to consume peanut butter (B) and carrots (C) in a ratio of 2 pounds of B to 1…

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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5. Vera is an impoverished graduate student who has only $100 a month to spend on food. She has read in a government publication that she can assure an adequate diet by eating only peanut butter and carrots in the Öxed ratio of 2 pounds of peanut butter to 1 pound of carrots, so she decides to limit her diet to that regime.

a) If peanut butter costs $4 per pound and carrots cost $2 per pound, how much can she eat during the month?

b) Suppose peanut butter costs rise to $5 because of peanut subsidied

introduced by a politically sensitive government. By how much will Vera have to reduce her food purchases?

c) How much in food stamp aid would the government have to give Vera to compensate for the e§ects of peanut subsidy?

d) Explain why Veraís preferences are of a very special type here. How would you graph them?

albany.edu
My Questions | bartleby
Mail - Mangia, Louis M - Outlook
Forum: Week Three: Prejudice and Discrimination ( Due ...
https://www.albany.edu/~by872279/micro/Hw1.pdf
5. Vera is an impoverished graduate student who has only $100 a month
to spend on food. She has read in a government publication that she can
assure an adequate diet by eating only peanut butter and carrots in the fixed
ratio of 2 pounds of peanut butter to 1 pound of carrots, so she decides to
limit her diet to that regime.
a) If peanut butter costs $4 per pound and carrots cost $2 per pound,
how much can she eat during the month?
b) Suppose peanut butter costs rise to $5 because of peanut subsidies

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