alex has a budget of $100 a month for a movie tickets and restaurant meals. A movie ticket will cost $10 and a restaurant meal costs $20. which of the following combinqtions is part of alexs budget constraint?

Q: Lee has calculated her marginal utility from buying pizza slices and soda (shown on the table in the…

A: The price of pizza is $2.00 The price of soda is $2.00

Q: Calculate the marginal utility .. # of cookies per day           Total Utility per Day 0…

A: Utility refers to the satisfaction. The aim of the consumer is to maximize the utility. Total…

Q: The table shows Wanda's total utility from ice cream and nuts. Ice Cream Nuts The price of an ice…

A: Total utility is the total satisfaction derived from consuming the good. Marginal utility is the…

Q: What does the point on a budget line indicate in terms of prices?

A: # A budget line of the consume represents the price of the two goods and the budget of the income of…

Q: A person has $25 to spend on apples, bananas, and cherries. Their respective prices are $2, $3, and…

A: The budget constraint for a person spending $25 on apples, bananas, and cherries, with prices of $2,…

Q: Jody has $360 to spend on her summer vacation. She decided to use the moneyon trips to the zoo and…

A: The equation will be written as; X * P_m + Y * P_z <= $360Explanation:Creating a Spending Plan…

Q: Consider the following budget constraint. Dennis spends all his money on sweaters and sweatshirts.…

A: Following budget constraint is given:Price of sweater = $15

Q: 40- Budget line A 30- 20- 10- Budget line B 80 Food, F (units per week) 20 40 60 Clothing, C (units…

A: Theodore has an initiative budget constraint as A and  it is now changed to the new budget…

Q: suppose you have a fixed income of $3000 per month and you want to allocate your budget between two…

A: Monthly income (M)= $3000Price of good x (Px) =$10 per unitPrice of good y (Py)=$20 per unit.Budget…

Q: Consider a graph with paper on the x-axis and pencils on the y-axis.  If the price of pencils…

A: Budget constraint shows the relationship between the two goods, their prices and the income of the…

Q: EXERCISE 6 If Ginna spends her entire budget, she could buy a chosen set of groceries and also buy…

A: Utility function : U(G , N ) = 30G + 2N  If Ginna Spends half of her budget (150/2 ) , she could buy…

Q: The graph shows the budget line for a consumer who only buys cookies and magazines. If the…

A: Budget line is the graphical representation of different combinations of two goods that a consumer…

Q: maddy is a single mom with a weekly budget of $100. She can spend her weekly income on food and…

A: Consumer theory is referred to the study of how an individual decides on spending their wealth on…

Q: When marginal utility is positive, total utility____

A: Marginal utility is the additional utility derived from having an additional unit of commodity.…

Q: 7. Bob receives utility from days spent traveling on vacation domestically (D) and days spent…

A: Utility:The utility is want satisfying power of a commodity. It can be expressed in cardinal and…

Q: Zoe's utility function for brownies (X) and pizza (Y) is given by U(X,Y)= 8XY. Her monthly income is…

A: The utility function is the mathematical relationship between utility and bundles of commodities. It…

Q: Find the missing marginal utility: Quantity 3 8 Total Utility 30 55 67 Marginal Utility 10 5 |12 4…

A: Utility: - Utility is the satisfaction derived by any consumer by consuming a good or service.

Q: monopolist has set her level of output to maximize profit. The firm's marginal revenue is $20, and…

A: Monopoly condition for profit maximization  MR = MC Hence marginal cost = 20 Lerner index formula…

Revealed Preferences and Budget Constraint Analysis

Revealed means “Let Out,” and Preference means “Choice”; Choice Reveals Preference.