Suppose you own an outdoor recreation company and you want to purchase all-terrain vehicles (ATVS) for your summer business and snowmobiles for your winter business. Your budget for new vehicles this year is $480,000. ATVS cost $12,000 each and snowmobiles cost $16,000 each. a. Draw the budget line for your purchase of new vehicles. Use the line drawing tool to draw a budget line. Properly label this line. Place end points one on horizontal and one on vertical axes. Carefully follow the instructions above, and only draw the required objects.
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- Why do people buy more goods and services when their budget increases?Jayden's grandmother gives him $240$240 each month, which he spends on pizzas and burgers. Usually, he buys 44 pizzas for $180$180 and spends the remaining $60$60 on 44 burgers. However, the price of 11 pizza has increased by $5$5; the price of a burger has not changed. Now, Jayden will buy only 33 pizzas per month.Calculate how many burgers Jayden can afford to buy if he still wants to spend all the money. If necessary, round any intermediate calculations to two decimal places. For your final answer, write the exact value; do not round.Suppose you own an outdoor recreation company and you want to purchase all-terrain vehicles (ATVS) for your summer business and snowmobiles for your winter business. Your budget for new vehicles this year is $300,000. ATVS cost $6,000 each and snowmobiles cost $15,000 each. a. Draw the budget line for your purchase of new vehicles. Use the line drawing tool to draw a budget line. Properly label this line. Place end points one on horizontal and one on vertical axes. Carefully follow the instructions above, and only draw the required objects.
- (Dollars) (Bowls) (Slices) 40.00 20 40.00 4 10 40.00 8 Use the black line (plus symbols) to plot the line illustrating the combinations of salad and pizza that Andrew can purchase with a budget of $40.00. 30 28 26 Initial Budget 24 22 20 18 New Budget 16 14 12 10 8 6 4 2 0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 SALAD (Bowls) PIZZA (Slices)Discuss Budget lineThis is Ben’s budget. Use his budget to determine the answer to the following questions: 1. Calculate Ben’s total amount of monthly expenses. 2. Calculate Ben’s total net income. 3. What would you recommend Ben do regarding his budget so that he is not in the red? 4. Scenario: Suppose Ben wants to buy a house for $251,599. Calculate his 20% down payment for this home. 5. Scenario: Suppose Ben wants to buy a house for $251,599. For a 15-year mortgage, Ben gets a 4% interest rate. Calculate his monthly payments for this 15-year mortgage. 6. Scenario: Suppose Ben wants to buy a house for $251,599. For a 30-year mortgage, Ben gets a 5% interest rate. Calculate his monthly payments for this 30-year mortgage.
- Sara is a teenage artist who has been making paintings based on watercolor, each painting sells for 150 bs and she makes them every week. Sara likes hamburgers and Coca Cola, the price of hamburgers is 20 bs and Coca Cola is 3 bs. Sara would like to consume 3 hamburgers and 6 cokes this week. 1. How useful is this consumer basket? 2. Is the 150 Bs enough to satisfy your tastes? If not enough, how much budget do you need? It asks 1. Graph of the indifference curve and the budget line. 2. curve of the new budget line.K Suppose you own an outdoor recreation company and you want to purchase all-terrain vehicles (ATVs) for your summer business and snowmobiles for your winter business. Your budget for new vehicles this year is $180,000. ATVs cost $6,000 each and snowmobiles cost $9,000 each. a. Draw the budget line for your purchase of new vehicles. Use the line drawing tool to draw a budget line. Properly label this line. Place end points one on horizontal and one on vertical axes. Carefully follow the instructions above, and only draw the required objects. b. What is the opportunity cost of one ATV? The opportunity cost of one ATV is 0.67 snowmobile(s). (Round your answer to two decimal places.) c. What is the opportunity cost of one snowmobile? The opportunity cost of one snowmobile is 1.5| ATV(s). (Round your answer to two decimal places.) d. Does the opportunity cost of one ATV depend on how many you purchase? Why or why not? A The opportunity cost of one ATV depend on how many you for purchase…Problem 2: Cleo's rides Cleo has a fixed weekly budget for bike and taxi rides, and the more the rides she makes, the happier she is. When the price of each bike ride was 3 yuan, she used to take the bike four times per week. Now the price of each bike ride went down to 1 yuan, but she has to pay a weekly subscription fee of 9 yuan to ride bikes. Her new choice is to make three rides per week. Is Cleo better off, worse off, or indifferent compared to before?
- 4. If TC = 12q 12q? +32g + 32 and have a budget of 100000$, how many units we can produce and stay below our budget? (Excel)describe new changes to kiwisaverRefer to the figure at right. Theodore's budget line has changed from A to B. Which of the following explains the change in Theodore's budget line? A. The price of food decreased, and the price of clothing increased. B. The price of food and the price of clothing increased. C. The price of food and the price of clothing decreased. D. The price of food increased, and the price of clothing decreased. E. None of the above.