list the combinations of drinks and bar, Business Economics

You can buy as many drinks as you want at $1 each. You can also buy as many chocolate bars as you want at $2 each. You have $5 to spend. You must buy whole bars and drinks, that is, you cannot buy 1/2 a drink or 1/2 a chocolate.

 (a) List the combinations of drinks and bars that exhaust your $5 in a table.

 (b) Suppose that you must spend all your $5 on the drinks and bars. You would like to have as close to an equal number of drinks and bars if possible. How many bars and drinks will you consume? 

 (c) Suppose now that you do not have to spend all your $5, that is, you may have some change left over. You want to consume drinks and chocolate bars only in equal amounts, i.e., 1 bar and 1 drink, or two bars and two drinks, etc., but you will consume as much as your budget allows. Given these wants, how much chocolate and drinks will you consume? How much money do you have left over?

Posted Date: 4/1/2013 3:18:21 AM | Location : United States







Related Discussions:- list the combinations of drinks and bar, Assignment Help, Ask Question on list the combinations of drinks and bar, Get Answer, Expert's Help, list the combinations of drinks and bar Discussions

Write discussion on list the combinations of drinks and bar
Your posts are moderated
Related Questions
What is Employment and Unemployment? Employment and Unemployment: Employment: It is the number of people working within the economy. Unemployment: It is the nu

“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.” Elaborate and explain why journal is necessary.

How is staff experience affected to an IS project? Staff experience: Into IS, the productivity of people, particularly developers, can vary extensively, largely but not c

How do currency speculators harm for Less Developed Countries? Private capital inflows can be short term and speculative. Speculators shift funds in a Less Developed Countries

Keynesian economics policy could be distinguished from the classical economics as the main through of the classical theory is that supply creates its own demand which is described

Banking on a Beard Award Decision trees are models which allow you to both visualize and quantify a range of possible outcomes when faced with complex choices. These models in

use of linear programming in decision making

What are Rostowís limitations? • Presently LDCs face much various conditions than DCs into the 19th century the origin of Rostowís studies • LDCs are very same but very dif

Make a list of businesses that provide goods and services that you or your family members use in a typical week. For instance, do you stop at the service station on your way to sch

There are many benefits to a free market economy. They range from the moral issues to the practical issues. We will deal mainly with the practical ones. Unprecedented innovati