The graph of the budget line below has dollars on the vertical axis and food on the horizontal axis. Which statement is false? D 100 Food The vertical intercept represents all money available for purchasing. The distance Of sheo
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- SLOPE OF A LINE 1. Compute the slope between points B and D. 2. Interpret/Explain descriptively the slope of the line as shown on the graph. What is the nature of the relationship between the two goods in terms of purchases? 3. What is the price per unit of the food? What is the price per unit of the clothing? Help me with this one, please. Thank you.Feedback Agatha has a weekly allowance that she spends on candy bars and fidget toys. She can just afford four fidgets and three candy bars with all of her money. She can also just afford nine candy bars and two fidgets. The price of a candy bar is $2.40. What is Agatha's weekly allowance? $ 36.00 Graph her budget line below by using the point tool to plot the two points given and then using the straight-line tool to show the line. To refer to the graphing tutorial for this question type, please click here.On the diagram to the right is plotted a single bundle of 2 books and 3 DVDS consumed per month. This bundle is a point on the consumer's budget constraint. 10- 9- If the price of one book is $135.00 and one DVD is $90.00, then the consumer's level of monthly income is $ (round your answer to the neareast dollar). 8- 7- 2- 0- 9 10 Books (per month) 15 tv MacBook Air esc 80 DIL F1 F2 F4 F5 F6 F7 FB ! @ $ & * 1 2 3 4 7 8. 9 Q W E T Y tab ps lock A S F H J X C V M control option command DVDS (per month) N * *
- On the diagram to the right is plotted a single bundle of 2 books and 3 DVDS consumed per month. This bundle is a point on the consumer's budget constraint. 10- 9- If the price of one book is $135.00 and one DVD is $90.00, then the consumer's 8- level of monthly income is $ 540 (round your answer to the neareast dollar). 7- Use the line drawing tool to draw the consumer's budget constraint. Label this line 'Budget. Carefully follow the instructions above, and only draw the required object. 3 1. 0- 10 Books (per month) O étv 15 MacBook Air DII 80 esc F6 F7 F2 F3 F1 ! @ $ へ & * 1 2 4 7 8 Q W R Y tab A F caps lock Z C V M shift fn control option command つ つ エ DVDS (per month) リThe graph shows the budget line for a consumer who only buys cookies and magazines. If the consumer's income is $20, what is the price of a cookie? Cookies (number per week) 24 20 16 8 0 2 4 6 8 10 12 Magazines (number per week)Explain how a consumer budget and product price changes impact the budget line by drawing hypothetical example budget lines.
- Use the midpoint method of calculating percentage changes in this question. Heidi used to bake and sell 3 custom cakes each week when the price of cake was $35. Now that the price has increased to $45, she bakes and sells 5 cakes. What was the 'percentage change' in quantity supplied of cakes for Heidi? %. Is this 'percentage change' positive or negative? What was the 'percentage change' in price of cakes? %. Is this 'percentage change' positive or negative? What was Heidi's price elasticity of supply? (round to 2 decimal places] Is this considered 'elastic', 'inelastic', or 'unit elastic'?Alex distributes his monthly income of $600 between two goods, movies and food. By spending his entire income on movies, he can enjoy a maximum of 20 movies. On the other hand, by spending his entire income on food he can consume a total of 60 units of food. Assume that food consumption is measured along the horizontal axis and the consumption of movies is measured on the vertical axis. Calculate the slope of Alex's budget line when the price of food increases to $20 while the price of movie remains unchanged. -2/3 - 1.5 -2 -3/4With diminishing marginal utility, how do consumers decide how much to consume? Students are expected to give a detailed answer to this question. You must include an explanation about what diminishing marginal utility means in your answer. Concepts such as "budget constraint", "more is better", "utility". "marginal utility", and "marginal utility per dollar spent" must be used in your answer. No graph or calculation is required in this question.
