3) This is the complete question can I get some help with it ? The province wishes to improve the environment and will subsidise Pottsville, your hometown, $2 for every $1 you spend on sewage plants up to a maximum of $ 12,600. Pottsville's budget is $9,000. The price of sewage plants (X) is $ 90 and the price of non-sewage plants (Y) is $ 30.Carefully draw the new budget line labelling all points of interest.Non-Sewage plants3002802602402202001802301601402251601202101001008060402020406080100120140160180200220240260280300Sewage plants At what point, are relative prices unaffected? Give the co-ordinates(i.e. at what point do you obtain the maximum grant)Y andHow much better off are you with the conditional grant?What is the amount of the conditional grant?With an unconditional grant of the same dollar amount, how much better off would you becompared to the conditional grant?

A budget constraint is a financial limit that represents the combination of products or services an…

The province wishes to improve the environment and will subsidise Pottsville, your hometown, $ 2 for every $1 you spend on sewage plants up to a maximum of $ 12,600. Pottsville's budget is $ 9,000. The price of sewage plants (X) is $90 and the price of non-sewage plants (Y) is $ 30. Carefully draw the new budget line labelling all points of interest. Non-Sewage plants 300 280 260 240 220 200 160 120 རྨི་ ཧྲྰི་ཎཱི་ཧྥི རྩི ་ རྩི་ ཧྲྰི་ ཧྲྰི་ ིི་རྩི 100 100 80 60 40 20 225 160 210 230 0 20 40 60 80 100 120 140 160 180 200 220 240 260 280 300 Sewage plants

The province wishes to improve the environment and will subsidise Pottsville, your hometown, $ 2 for every $1 you spend on sewage plants up to a maximum of $ 12,600. Pottsville's budget is $ 9,000. The price of sewage plants (X) is $90 and the price of non-sewage plants (Y) is $ 30. Carefully draw the new budget line labelling all points of interest. Non-Sewage plants 300 280 260 240 220 200 160 120 རྨི་ ཧྲྰི་ཎཱི་ཧྥི རྩི ་ རྩི་ ཧྲྰི་ ཧྲྰི་ ིི་རྩི 100 100 80 60 40 20 225 160 210 230 0 20 40 60 80 100 120 140 160 180 200 220 240 260 280 300 Sewage plants

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

3) This is the complete question can I get some help with it ?

The province wishes to improve the environment and will subsidise Pottsville, your hometown, $
2 for every $1 you spend on sewage plants up to a maximum of $ 12,600. Pottsville's budget is $
9,000. The price of sewage plants (X) is $ 90 and the price of non-sewage plants (Y) is $ 30.
Carefully draw the new budget line labelling all points of interest.
Non-Sewage plants
300
280
260
240
220
200
180
230
160
140
225
160
120
210
100
100
80
60
40
20
20
40
60
80
100
120
140
160
180
200
220
240
260
280
300
Sewage plants

At what point, are relative prices unaffected? Give the co-ordinates
(i.e. at what point do you obtain the maximum grant)
Y and
How much better off are you with the conditional grant?
What is the amount of the conditional grant?
With an unconditional grant of the same dollar amount, how much better off would you be
compared to the conditional grant?

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Step 1: Define Budget constraint

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Step 2: Calculate and illustrate the budget constraint with and without subsidy

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Step 3: Determine the point where Relative prices remains unaffected

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Step 4: Calculate the better off with subsidy

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Step 5: Calculate the amount of conditional grant

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Step 6: Compare the unconditional grant with conditional grant

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