Anne has a job that requires her to travel three out of ever

Assignment Help Microeconomics
Reference no: EM13321503

Anne has a job that requires her to travel three out of every four weeks. She has an annual travel budget and can travel either by train or by plane. The airline on which she typically flies has a frequent-traveler program that reduces the cost of her tickets according to the number of miles she has flown in a given year. When she reaches 25,000 miles, the airline will reduce the price of her tickets by 25 percent for the remainder of the year. When she reaches 50,000 miles, the airline will reduce the price by 50 percent for the remainder of the year.

Graph Anne"s budget line, with train miles on the vertical axis and plane miles on the horizontal axis.

Reference no: EM13321503

Questions Cloud

What is the change in internal enery of the system : A system consists of 3.0 kg water at 80 degrees Celsius 30 J of work is done on the system by stirring with a paddel wheel, What is the change in internal enery of the system
Draw a set of indifference curves for jones and a second : Suppose that Jones and Smith have each decided to allocate $1000 per year to an entertainment budget in the form of hockey games or rock concerts
Explain what is the theoretical yield in grams of c2h2 : CaC2 + 2 H2O --> Ca(OH)2 + C2H2 If 100. g of CaC2 and 100. g H2O are mixed, what is the theoretical yield (in grams) of C2H2 that can be produced
Find the angle of refraction in the air : A light ray passes from water into air. The angle of incidence is 37o. Find the angle of refraction in the air
Anne has a job that requires her to travel three out of ever : Anne has a job that requires her to travel three out of every four weeks. She has an annual travel budget and can travel either by train or by plane. The airline on which she typically flies has a frequent-traveler program that reduces the cost of he..
Determine what is the internal tensile stress with beam : If a concrete beam with a f'c=4000psi experiences a drop in temperature of 30 Degrees F, What is the internal tensile stress. Will the concrete crack. What could i do to prevent cracking.
What happens to antonio budget line : Debra usually buys a soft drink when she goes to a movie theater, where she has a choice of three sizes: the 8-ounce drink costs $1.50,the 12-ounce drink $2.00, and the 16-ounce drink $2.25.Describe the budget constraint that Debra faces when decidin..
Explain condition required for the reactions to occur : Write equations for the folowing seperations. indicate any condition required for the reactions to occur, such as p.H 5. Fe2+ from Cr3+ ions
How much work was done on the crate by friction : If the crate was at rest at the top of the incline and has a speed of 2.20m/s at the bottom, how much work Wf was done on the crate by friction

Reviews

Write a Review

Microeconomics Questions & Answers

  Explain financial effects

a manufacturer is considering purchasing equipment, which will have the following financial effects: Year Disbursements Receipts  If money is worth 6%, should he invest in the equipment?

  What is the effect and how does this relate to foreign trade

Higher interest rates have an impact on the value of the dollar. What is the effect and how does this relate to foreign trade?

  Explain why the price of coffee goes up

The price of coffee goes down and consumption of coffee increases. Is coffee an ordinary good. The price of coffee goes up and consumption of coffee increases. Is coffee an ordinary good. The price of coffee goes up and consumption of coffee remai..

  What is the price elasticity of demand for tours

What is the price elasticity of demand for tours? Interpret your answer. Given this elasticity, should Breakaway increase prices to increase revenue? Explain.

  What important function of money does a statement disregard

Functions of Money) "If an economy had only two goods (both nondurable), there would be no need for money because exchange would always be between those two goods." What important function of money does this statement disregard. Suppose the money ..

  Computing optimal size of production-inventory costs

Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days for each year. It has orders for about 12,000 flashing lights for each year and has the ability of prod..

  Determining principles of demand and supply

On Valentines Day, the prices of flowers and chocolate are usually high compared to other times. How do the principles of demand and supply describe the reasoning behind such price increases?

  Implications for market structure

Determine how does globalization lead to greater competition in market place? Discuss the implications for market structure in industries opened to global competition?

  What is double counting in calculation gdp

Assume that we have a economy with no government and no capital investment that is closed to the outside world.draw a simple circular flow diagram with just firms:downstream firms that product final goods and services for consumption, and upstream..

  The underlying trend of growth in the economy

The underlying trend of growth in the economy is determined by the growth in the number of workers, the growth in the savings and investment rate.

  Describe what is a monopolistic competitive firm

What is a monopolistic competitive firm Given the same resources with a firm in a perfectly competitive industry, how could output and prices (of output) be different for both firms

  Tolerance and programs for pollution rights

Suppose if pollution is bad, why is there any tolerance and programs for pollution rights, tax incentives, and subsidies?

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!

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