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
QUESTION a) Differentiate between returns to factor and returns to scale. b) In the long-run the Average Cost Curve is u-shaped. Discuss c) Whenever a firm is making loss

causes of exceptional supply curve

Is population growth a problem? Quick population growth is a main cause of poverty and arises where population growth go beyond the rate of economic growth. Standards of liv

What are the constraints facing governments in the promotion of development? The constraints facing governments into the promotion of development: The capability of a govern

how to decentralization aids in citizen mobility

Applying economic concepts to situations at work.  This writing assignment is intended to give you a chance to apply concepts to real economic situations. Think of these concept

#what questDynamic Multiplier, Economicsion..

Explain about the term underemployment and unemployment rate. Discouraged employees are non-working people who are able of working although are not actively in search of a job.

This problem illustrates a consumer's decision to be homeless in the presence of a minimum housing-consumption constraint, imposed through misguided government regulation. Let c

QUESTION (a) Explain the relationship between scarcity, choice and opportunity cost. (b) Distinguish between centrally planned, laissez-faire and mixed economic systems rega