ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Kimiko is planning a party to celebrate her birthday. She has decided to serve sushi and yakitori meat skewers. Each serving of sushi is $8 and each yakitori skewer is $2. Kimiko has $240 to spend on the party. Please graph her budget line.
 
 

Her friend, Barry, thinks there will not be enough food, so he gives Kimiko $80 more to spend on the party (she now has $320).

How will this affect the budget line?

a. There will be a parallel shift of the budget line away from the origin.
b. There will be a parallel shift of the budget line towards the origin.
c. There will be an outward shift of point A only.
d. There will be an outward shift of point B only.

 

Kimiko is planning a party to celebrate her birthday. She has decided to serve sushi and yakitori meat skewers. Each serving of
sushi is $8 and each yakitori skewer is $2. Kimiko has $240 to spend on the party. Please graph her budget line.
Quantity of sushi
150
135
120
105
90
75
60
45
30
15
O
O
15
30
45 60 75 90
Quantity of yakitori
A
105
120
B
135
150
Her friend, Barry, thinks there will not be enough food,
so he gives Kimiko $80 more to spend on the party (she
now has $320).
How will this affect the budget line?
There will be a parallel shift of the budget line away
from the origin.
There will be a parallel shift of the budget line
towards the origin.
There will be an outward shift of point A only.
There will be an outward shift of point B only.
expand button
Transcribed Image Text:Kimiko is planning a party to celebrate her birthday. She has decided to serve sushi and yakitori meat skewers. Each serving of sushi is $8 and each yakitori skewer is $2. Kimiko has $240 to spend on the party. Please graph her budget line. Quantity of sushi 150 135 120 105 90 75 60 45 30 15 O O 15 30 45 60 75 90 Quantity of yakitori A 105 120 B 135 150 Her friend, Barry, thinks there will not be enough food, so he gives Kimiko $80 more to spend on the party (she now has $320). How will this affect the budget line? There will be a parallel shift of the budget line away from the origin. There will be a parallel shift of the budget line towards the origin. There will be an outward shift of point A only. There will be an outward shift of point B only.
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