1. Sarah is planning a birthday party and has $I to spend on balloons and party favors. The price of each party favor is $3. Her budget line for balloons and party favors is shown in the figure below. The MRT "of party favors for balloons" is 4. What is her budget, I? a. b. C. d. e. $600 $240 $200 $150 $100 Balloons 200 Party Favors

1. Sarah is planning a birthday party and has $I to spend on balloons and party favors. The price of each party favor is $3. Her budget line for balloons and party favors is shown in the figure below. The MRT "of party favors for balloons" is 4. What is her budget, I? a. b. C. d. e. $600 $240 $200 $150 $100 Balloons 200 Party Favors

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 1SCQ: Jeremy is deeply in love with Jasmine. Jasmine lives where cell phone coverage is poor, so he can...

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A consumer who has spent all of her income on clothes and food and finds that her marginal-utility for clothes is 16 and marginal-utility for food is 20. If the price of clothes and food are both $4 . What should the consumer do for purchases to maximize total utility A. purchasing more clothes and less food B. purchasing more of both commodities C. purchasing less of both commodities D. purchasing more food and less clothes
A consumer's budget is 137. A unit of good x costs 3 and a unit of good y costs 4. If the consumer purchases 3 units of good y, how many units of good x can the consumer purchase? Please round your answer to two decimal places. Answer: Previous page 2028 P Type here to search 01/12/2021
A consumer sets themselves a weekly budget of $15 for vegetables. They only eat carrots and peas. Peas cost $1.50 per pound and carrots cost $1.00 per pound. 2. Draw a budget line for the consumer showing his possible weekly consumption of peas and carrots. Label both axes with numbers and an axis title. Add a second line that shows what happens when carrots go on sale for $0.75 per pound. Upload your diagram. Please give typed answer ASAP with proper explanation of it. Will give you thumbs up only for the correct answer. Thank you .