Malena has $800 per month to spend on electricity and "other goods". Price of "other goods" is one, while price of electricity is $0.04 per kilowatt hour (kWh) for the first 1,800 kWh of power per month and $0.3 for any additional kWh. Put electricity on the horizontal axis. a) For the amount of electricity less than 500 kwH per month, the slope of her budget line is [ [ Select ] b) A bundle of 5,000 kwH and 450 of "other goods" is feasible for her [ [ Select ] c) A bundle of 2,000 kwH and 500 of "other goods" is feasible for her [ Select ] d) A bundle of 6,000 kwH and 320 of "other goods" is feasible for her v [ Select ] yes no not enough information to determine

Malena has $800 per month to spend on electricity and "other goods". Price of "other goods" is one, while price of electricity is $0.04 per kilowatt hour (kWh) for the first 1,800 kWh of power per month and $0.3 for any additional kWh. Put electricity on the horizontal axis. a) For the amount of electricity less than 500 kwH per month, the slope of her budget line is [ [ Select ] b) A bundle of 5,000 kwH and 450 of "other goods" is feasible for her [ [ Select ] c) A bundle of 2,000 kwH and 500 of "other goods" is feasible for her [ Select ] d) A bundle of 6,000 kwH and 320 of "other goods" is feasible for her v [ Select ] yes no not enough information to determine

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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