User Account

All Pages

Draw martha budget constraint

Assignment Help Microeconomics
Reference no: EM13895536

Suppose that Martha's income is $40,000 per year. She can spend it on health care visits, which cost $80 per visit, or on groceries (standing for all other goods), which costs $100 per bag of groceries. Draw Martha's budget constraint. Using Indifference curves, show Martha's optimum if she buys 300 bags of groceries per year.

Reference no: EM13895536

Questions Cloud

Participated in a budget development process : participated in a budget development process
Contrast the transport planning models for passenger : Compare and contrast the transport planning models for passenger and freight transport. This may require you to do additional research in the online Library or Internet.
Relationship between age and self-disclosure : An experimenter is examining the relationship between age and self-disclosure. A large sample of participants that are 25 to 35 years old and participants that are 65 to 75 years old are compared, and significant differences are found with younger..
Interviewers are frequently advised to be natural : Interviewers are frequently advised to be natural. What do you think that means? Is it possible? Desirable? Is it always a good idea? Why or why not? Explain your thinking and rationale.
Draw martha budget constraint : Suppose that Martha's income is $40,000 per year. She can spend it on health care visits, which cost $80 per visit, or on groceries (standing for all other goods), which costs $100 per bag of groceries. Draw Martha's budget constraint. Using Indif..
Evaluation of the model in light of the aicpa code : Evaluation of the Model In Light of the AICPA Code of Professional Conduct
The value of the transaction less brokerage fees : If Sally sells her shares from company A at the same time that Tom buys the same amount of shares from company A what does the organization receive? the value of the transaction less brokerage fees
Explain how the aggregate expenditure function shifts : explain how the aggregate expenditure function shifts in response to change in each of the following variables. higher taxes are imposed on business profits
What are your initial impressions of the country rankings : What are your initial impressions of the country rankings in the Doing Business study? What is unique to the top 10 countries according to the ease of doing business (EDB) scale, and what is unique to those countries to where EDB is highly unfavorabl..

Reviews

Write a Review

Microeconomics Questions & Answers

  Summary report of the trade policy activity

Write a brief (500-800 words, plus tables/diagrams) summary report of the trade policy activity of the country to which you have been assigned, which is UK. Your summary should include information and analysis about your country's: ?current and histo..

  Determine the form of payment which the court specifies

Suppose Jonah and Carlos have a contract, which Carlos chooses to breach. Jonah sues, and a court orders Carlos to pay him the amount he expected to gain at the time they made the contract, net of any amount he actually did receive after the breac..

  What is the relationship between business operations and csr

What is the relationship between business operations and CSR at BP - Does the organization consider CSR as obligatory or do they seek opportunities for CSR? In other words, is the organization reactive or proactive?

  What is the significance of the lau v. nichols case

What are some of the reasons for the largest immigrant trend in the US since the 1970s and although the public has always been divided over bilingual education, why is this truer today than ever before?

  Why is possibility of liquidity trap significant to policy

What do economists mean when they say that monetary policy can echibit cyclical asymmetry How does the idea of a liquidity trap relate to cyclical asymmetry Why is this possibility of a liquidity trap significant to policymakers

  Define difference between human capital and physical capital

According to Keynes, in order to get the economy out of a recession, the government should plan for a budget deficit encourage firms to export to other nations, thereby jump-starting the economy follow an expansionary monetary policyfollow a contract..

  Difference between a price ceiling and a price floor?

If a price ceiling is set below the market equilibrium, what will happen to the quality and future availability of the good.

  New total revenue will greater than then old total revenue

Which one, shirts or sweaters, has a demand elasticity that will allow you to increase the price, sell fewer units BUT still increase your revenues?

  What is the current unemployment rate

What is the current unemployment rate (hint: the update on the unemployment rate is usually released the first friday of each month) Do you think this unemployment rate is generally considered to be above, below or equal to NAIRU

  At what volume is maximum profit per month and how much is

a company makes widgets and has a fixed cost of 45000 per month and a variable cost of 45 per widget. if the selling

  Forecast effect of bumper crop on price or corn suppose

your job is to predict the total revenue generated by the nations corn crop. last years crop was 100 million bushels

  Determine os profit-maximizing output

A rival publisher has raised the price of its best-selling accounting text by $15. One option is to exactly match this price hike and so exactly preserve your level of sales. Do you endorse this price increase?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd