Assume that Sara has $800 per month to divide between playing golf and playing paint ball . Assume Golf costs $40 and paintball costs $80 . Suppose Sara plays golf eight times per month and plays paintball six times per month .Draw Sara’s budget constraintAssume Sara has new expenses and can spend $320 only this month. Draw the new budget constraintAs a result of a decrease in income Sara decides to play 11 rounds of golf and two games ofpaintball . what kind of a good is paintball ? what kind of a good is golf?Assume Sara has $400, the price of paintball is still $40 , but the price of Golf doubles , draw the new budget constraint

Budget constraint (P1Q1 + P2Q2) <= M

Answered: Assume that Sara has $800 per month to…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Assume that Sara has $800 per month to divide between playing golf and playing paint ball . Assume Golf costs $40 and paintball costs $80 . Suppose Sara plays golf eight times per month and plays paintball six times per month .

Draw Sara’s budget constraint
Assume Sara has new expenses and can spend $320 only this month. Draw the new budget constraint
As a result of a decrease in income Sara decides to play 11 rounds of golf and two games of

paintball . what kind of a good is paintball ? what kind of a good is golf?

Assume Sara has $400, the price of paintball is still $40 , but the price of Golf doubles , draw the new budget constraint

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