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Given that Tebogo's income is P1800, price of food is P30 and price of entertainment is P40. Draw Tebogo's budget line
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- Hafidh's income is $200 a month. The price of watch is $25 a show, and the price of a Jeans is $15. a) Calculate the equation for Hafidh's budget line b) Draw a graph of Hafidh's budget line with the quantity of Watches on the x-axis. c) If Hafidh's income increased from S200 to 350S. Explain and show how Hafidh's budget line changes with watches on the x-axis.. Kawther’s income is OMR12 a week. The price of small-sized pizza is OMR3, and the price of a fresh juice is OMR3. Calculate the equation for Kawther’s budget line and illustrate all options on the table. Draw a graph of Kawther’s budget line with the quantity of fresh juice on the x-axis. Kawther’s income is OMR12 a week. The price of small-sized pizza rises from OMR3 to OMR6, and the price of a fresh juice is unchanged at OMR3. Explain how Kawther’s budget line changes with fresh juice on the x-axis.given that Tebogo's income is P1800, price of food is P30 and price of intertainment is P40. draw Tebogo's budget line. using a diagram show what would happen to Tebogo's budget line if the price of food decreases to 20 while the price of entertainment remain the same using a digram show what would happen to Tebogo's buget line if income increases from P1800 to P2100 while prices remain P30 for food and P40 for entertainment
- Hafidh’s income is $200 a month. The price of watch is $25 a show, and the price of a Jeans is $15. Calculate the equation for Hafidh’s budget line Draw a graph of Hafidh’s budget line with the quantity of Watches on the x-axis. If Hafidh’s income increased from $200 to 350$. Explain and show how Hafidh’s budget line changes with watches on the x-axis.The total utility schedule of Sharon is given below for the number of shoes she consumes. i. Calculate Sharon’s marginal utility schedule. ii. Plot a graph of total and marginal utility.iii. What is the maximum number of shoes that Sharon will consume? ExplainJamani earns a weekly income of $6000. Suppose he wishes to spend this income on two goods, games and DVDs only. A game costs $200 while a DVDcosts $600. Draw Jamani’s budget line. Putting games on the Y axis. ii. Suppose his income increases to $9000 per week, illustrate what happens to her budget line.iii. Suppose the price of games increase to $600, while his income and the price of DVDs is unchanged from part (i).
- The graph shows Esther's best affordable point at A. The price of seeing a movie falls and Esther's new best affordable point is C. Draw a budget line that isolates the substitution effect. Label it B3. Draw a point to indicate where Esther consumes if she faces the budget line you've drawn. Label it B. What is Esther's substitution effect and income effect? For Esther, the substitution effect is the movement from movement from A. point C to point B; point B to point A B. point A to point B; point B to point C C. point A to point C; point C to point B D. point B to point C; point C to point A and the income effect is the C 8- 6- 4- 2- 0- Magazines (per month) 0 A 2 B₁ с 12 4 6 Movies (per month) >>> Draw only the objects specified in the question. B₂ 8The total utility schedule of Sharon is given below for the number of shoes she consumes. Calculate Sharon’s marginal utility schedule. Plot a graph of total and marginal utility. What is the maximum number of shoes that Sharon will consume? Explain Number of Shoes Total Utility Marginal Utility 1 100 2 200 3 275 4 325 5 350 6 360 7 360 8 355Raymond consumes meatloaves and pineapples. He has decided that hismonthly budget will be $1500. Suppose that one meatloaf costs $375, while one pineapple costs $150. i. Draw a graph of Raymond’s budget line (meatloaf on the y axis). ii. Show how Raymond’s budget line changes if the price of pineapplesincreases to $370.
- Jerry has $12 a week to spend on yogurt and magazines. The price of yogurt is $2, and the price of a magazine is $4. a. List the combinations of yogurt and magazines that Jerry can afford. Draw a graph of Jerry’s budget line with the quantity of magazines plotted on the x-axis.Akram spends all of his income on food and clothing. When the price of clothing decreases, he buys more clothing.Does the income effect cause her to buy more or less clothing? Explain.Amy has $12 to spend on coffee and soda. The price of coffee is $2 a cup, and soda is $1 a can. The graph below shows her budget line. 1. Can Amy buy 7 cans of soda and 2 cups of coffee a week? 2. Can she buy 7 cups of coffee and 2 cans of soda a week? 3.What happens to the new budget line if the price of soda increases to $3 a can.