Clara is leaving for the university restaurant with 3000 HUF in her pocket. Clara is only interested in two things; grilled chicken (x) and salad (y). One slice of grilled chicken costs 300 HUF and the price of 100 grams of salad is 500 HUF. What is the slope of Clara's budget line assuming that she spends her entire budget on these two items and she measures her consumption of grilled chicken on the horizontal axis and salad on the vertical one? (Please use two decimals in your answer.)

Q: DVDs (per month) 10- 4 3- 2- 0 3 1 -2 A 3 4 5 6 7 Books (per month) 8 9 10

A: In the question above, it is given a plotted diagram of a single bundle of 2 books and 3 DVDs…

Q: What does the slope of Sean's budget constraint represent? The cost of an additional jar of peanut…

A: Budget Line: The budget line refers to the line that represents the combination of two goods that…

Q: True or False: The opportunity cost of an additional can of cat food, in terms of other consumption…

A: A budget constraint represents all the combinations of goods and services that a consumer may…

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: Andrea has a budget of £21 to spend on toothbrushes and tooth paste. He does not receive any utility…

A: Utility refers to the total amount of satisfaction that derived from the consumption of goods and…

Q: Annie's current level of consumption, let MUp denote Annie's marginal utility from an additional…

A: Marginal utility (MU) is a concept in economics that implies the additional satisfaction or benefit…

Q: Lucas has $40 per week that he can spend on lemon soda (X) and chips (Y). The price of the lemon…

A: The budget refers to the total income of a consumer which can be used to buy a given level of goods,…

Q: The following table depicts a consumer's utility from consuming two goods, Fish and Chips. Units of…

A: Total utility refers to the satisfaction that a consumer attains for consuming a good or service.…

Q: Jane is your typical economics student who consumes two goods: economics textbook and coffee. Jane’s…

A: Given: J's income = $40 Consumes two goods only. When she spends her entire income on books she will…

Q: hich of the following statements is likely to be true about total utility as consumption increases?…

A: The consumption of any good follows the law of diminishing marginal utility. It means that as the…

Q: A college student has two options for meals: eating at the dining hall for $6 per meal, or eating a…

A: The budget line demonstrates the available budget of the college student. It illustrates the maximum…

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: Milo spends £27 on stamps (S) and maple candy (C). His preferences for these goods are given by the…

A: Given ,  Milo income = 27  Utility function : U = min { S , 3C  }  Price of Stamps = 1.1  Price of…

Q: Mika earns $395 per week which she spends entirely at the grocery store, purchasing either food or…

A: Hey champ,Welcome to this platform. Here you will get the answer with better quality in minimum…

Q: Tanya has a budget of £21 to spend on toothbrushes and tooth paste. she does not receive any utility…

A: Answer - Given in the question - Income = 21 Price of Tooth paste = 5 Price of Tooth Brush = 1  Need…

Q: Emi’s available income each week for expenditures on food (F) and clothing (C) is $40. The price of…

A: 1)Within Emis consumption possibilities 5*2=10 3*10=30 10+30=40 It would lie on her budget line.

Q: Cathy has $240 to spend on cherry and/or coconuts. Suppose you have drawn her budget line for cherry…

A: Budget line shows different combinations of two goods that can be bought with the given level of…

Q: Write out the standard form of a budget constraint (meaning only with variables, no numbers). Then,…

A: The budget constraints represent all possible combinations of consumer goods that a consumer can buy…

Q: Pam has a monthly budget of £120 to be spent on T-shirts and trainers. She could afford to buy two…

A: It is given in the question that when Pam purchases 8 tshirts ( s) then the entire budget is…

Q: Question 3: Samantha has $3,000 to spend on two goods: sandwiches and beer. The price of a sandwich…

A:

Q: Suppose Edison has a weekly budget of $24 to spend on oat milk and peanut butter. Oat milk is priced…

A: Given  Lorenzo's weekly budget (w) is equal to $24 The price of oat milk is $2 per quart and the…

Q: . Suppose you earn $1500 per week and you consume only two types of goods per week- sandwiches and…

A: The money income is given as $1500 The following table shows the combinations of both the goods…

Q: Peter loves spicy food. He consumes both Laoganma chili crisp and Texas Pete hot sauce. His annual…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Suppose the price of a donut is $2.50, the price of a cinnamon roll is $3.20, and the budget is $50.…

A: Budget line: A budget line depicts a consumer's maximum demand at a specified income level. If there…

Q: Question 3 (Budget Constraint). Vince consumes gas (x1) and food (x2). Suppose the price of gas is…

A: Dear student, you have asked multiple sub-part questions in a single post. In such a case, I will be…

Q: Linda loves buying shoes and going out to dance. It costs Linda $50 to buy a new pair of shoes or to…

A: The budget line is the graphical representation of all the possible combinations of two different…

Q: Suppose Tim has a budget of $60 that he spends on movies (Q₁) and roller skating (Q2). The price of…

A: Budget constraint: - it is the representation of different combinations of two goods that a consumer…

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: Consider a consumer's annual budget constraint for two goods: "everything else" and "tools". When…

A: A budget line is a graphical representation of a combination of all the commodities that a consumer…

Q: According to the diagram, cheeseburgers cost $ each, and seltzer costs $ per can. Adjust the diagram…

A: The budget constraint represents the combinations of goods and services that a consumer can purchase…

Q: Suppose a cup of coffee at the campus coffee shop is $6.4 and a cup of hot tea is $12.0. Suppose a…

A: This can be defined as a concept that shows from the available fixed resources to the consumer how…

Q: Suppose you go to Trader Joe's to buy fruit for the week. You only like apples (A) and bananas (B)…

A: Preference is over apples and bananas.Income = $11Price of Apples = $1 Price of Bananas = 0.25 We…