PLEASE ANSWER ALL ITEMS ASAP!! Thank you!! QUESTION #7: Leo has Php500 a week to spend on food (f) and clothing (c). The price of food is Php10and the price ofclothing is Php25. What is the equation for Jane's budget constraint?A) Food + Clothing < Php500B) Php10 x Food + Php25 x Clothing > Php500C) Php10x Food/Php25 x Clothing = Php500D) Php10 x Food + Php25 x Clothing = Php500Refer to the information provided in Figure 6.1 below to answer the questions that follow.40Eon's monthly budget constraintB DсA) A.B) B.C) E.D) D.020Number of hamburgers per monthQUESTION #8: Refer to Figure 6.1. Assume Eon is on budget constraint AC. If the price of a hamburgeris Php5, Tom'smonthly income isA) Php20.B) Php60.C) Php100.D) Php300.QUESTION #9: Refer to Figure 6.1. The slope of budget constraint AC isA)-5.0.B)-2.0.C) -0.5.D) indeterminate from this information because prices are not given.QUESTION #10: Refer to Figure 6.1. Assume Eon's budget constraint is AC. He does not spend hisentire income atpointA) A.B) B.C) D.D) E.QUESTION #11: Refer to Figure 6.1. Assume Eon's budget is AC. Given his current monthly income hecannot purchasethe bundle of goods at point

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QUESTION #7: Leo has Php500 a week to spend on food (f) and clothing (c). The price of food is Php10and the price of clothing is Php25. What is the equation for Jane's budget constraint? A) Food + Clothing < Php500 B) Php10 x Food + Php25 x Clothing > Php500 C) Php10x Food/Php25 x Clothing = Php500 D) Php10x Food + Php25 x Clothing = Php500

QUESTION #7: Leo has Php500 a week to spend on food (f) and clothing (c). The price of food is Php10and the price of clothing is Php25. What is the equation for Jane's budget constraint? A) Food + Clothing < Php500 B) Php10 x Food + Php25 x Clothing > Php500 C) Php10x Food/Php25 x Clothing = Php500 D) Php10x Food + Php25 x Clothing = Php500

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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