Draw the budget set using given guidelines

Reference no: EM132200917

Question: Sonia is running for office and must allocate her volunteers' time between time phone banking (B) and canvasing (C). She currently has volunteers signed up for seven hours of phone banking and one hour of canvasing every day, and the volunteers are not willing to switch tasks from what they signed up for. Sonia's preferences over the two activities are given by the following:

U^s( B,C) = 5.4 x B x C

Assume B and C are easily divisible into fractions (don't worry if your answers aren't always integers).

(b) Draw the budget set given that volunteers are only willing to perform the task they signed up for. (Remember free disposal.) Make this graph large, since we will use it again later. Clearly label the axes.

(c) What will be the quantity used of B and C? Identify it on the graph. (Hint: These preferences satisfy the principle of monotonicity.)

Reference no: EM132200917

Questions Cloud

Write a java program that asks the users to enter matrix : Write a Java program that asks the users to enter a m × n matrix of integers, m and n being the number of rows and columns, respectively.

What are some details you should consider : When planning a presentation, what are some details you should consider? Give examples.

Write a java program to compute all prime numbers : Write a java program to compute all prime numbers less than equal to a given integer N.

List of properties and has to calculate the tax : Property on the list. You have been asked to design a program that the clerk can use to perform these calculations. In your interview with the tax clerk

Draw the budget set using given guidelines : Draw the budget set given that volunteers are only willing to perform the task they signed up for. (Remember free disposal.)

Write a program that creates and manipulates a directory : Write a Java program that creates and manipulates a directory of names, telephone numbers.

Write a program that determines the largest of 3 integers : Write a Java Program that determines the largest of 3 integers. User prompt that asks the user to input 3 integers.

What is conditional formatting : 1. What is conditional formatting? 2. Describe how to format a table.

Write a java program to display a dialog box : Write a Java program to display a dialog box that asks you to enter your user name and the age.

User Account

All Pages