How many left shoes and how many right shoes does she buy

Assignment Help Business Management
Reference no: EM131998717

Suppose it is possible to buy left shoes for a price of $35/shoe and right shoes for a price of $50/shoe. Alex has an annual budget of $850 for buying shoes, and she has, like most people two feet.

Draw Alex's budget line between left shoes (on the horizontal axis) and right shoes (on the vertical axis). Draw a few of her indifference curves, and show her optimal choice. How many left shoes and how many right shoes does she buy?

Reference no: EM131998717

Questions Cloud

Describe the ways in which your company is committed : Describe the ways in which your company is committed to being a good corporate citizen.
Additional equity financing : Additional equity financing will be needed to expand operations and that the needed funds will be best obtained through a rights offering.
Show the new optimal consumption basket : Suppose that the price of apples increases to $1/kg. Draw Niki's budget line and show the new optimal consumption basket.
How much was its net cash flow : Its federal-plus-state income tax rate was 35%. How much was its net cash flow?
How many left shoes and how many right shoes does she buy : Draw a few of her indifference curves, and show her optimal choice. How many left shoes and how many right shoes does she buy?
What bid price should you submit on the contract : If your tax rate is 34% and your required return is 12%, what bid price should you submit on the contract?
How would this affect the aggregate supply in us : Suppose there is a new discovery of gas shale. How would this affect the aggregate supply in the U.S.?
Analyze the balance sheet and income statement : Analyze the balance sheet and income statement of the company that you have selected, and outline your method for evidence collection which should include.
Market equilibrium in the education market : Are there any impacts from the pricing ceiling market equilibrium in the education market.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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