Budget constraint and show a few indifference curves

Assignment Help Business Economics

Reference no: EM13999015

A) suppose a consumer prefers a sandwich with 2 slices of bread and 2 slices of ham. Assume that price per slice of bread is .10 and per Ham is .25. The consumers budget for lunch is 3.50. Write the budget constraint and show a few indifference curves. How many sandwiches will he consume? What is the MRS between bread and salami? What is the MU of bread?

Reference no: EM13999015

Questions Cloud

Find the amount of consumer surplus for a linear demand : Find the amount of consumer surplus for a linear demand p= 20-2x for p=0 and p= 10. What is the maximum and minimum amount of CS a consumer can have for this demand and what are the prices? What is the inverse demand function for good x with the foll..

How should these impairments be accounted : Explain what is meant by the impairment value of property, plant, and equipment and intangible assets. How should these impairments be accounted for?

Damages associated with pollution from facility estimated : Elm Industries receives profits from polluting according to the formula: pi =10Q−Q^2 where Q = pollution emitted (in tons), and profits are measured in dollars. The damages associated with pollution from this facility are estimated to be: D=Q^2 +2Q. ..

What is magnitude of the magnetic field at ceter of torus : What is the magnitude of the magnetic field at 16.5 cm the ceter of torus? What is the magnitude of the magnetic field at 20.5 .5 cm the ceter of torus?

Budget constraint and show a few indifference curves : suppose a consumer prefers a sandwich with 2 slices of bread and 2 slices of ham. Assume that price per slice of bread is .10 and per Ham is .25. The consumers budget for lunch is 3.50. Write the budget constraint and show a few indifference curves.

As the percentage of the consumers income accounted : As the percentage of the consumer's income accounted for by a particular good decreases, demand for the good will:

Assignments- process of care paper : Assignments- Process of Care Paper. Access the Hospital Compare website (www.Hospitalcompare.hhs.gov) and select this (Hospital Zip Code) is 60453 Oak lawn IL, Advocate Christ Hospital & Medical Center

Consumer will reach a higher indifference curve : With an increase in income a consumer will reach a higher indifference curve. But can an increase in income also change his preferences? Discuss. Generally it is assumed that more is preferred to less. If this is the case, how could a consumer reach ..

Elasticity of demand for your parking lot spaces : Suppose your elasticity of demand for your parking lot spaces is -0.5and price is $20 per day. If your MC is zero and your capacity at 9am is 96% are you optimizing?

User Account

All Pages