Suppose the price of housing stays at 2 and the price of

Assignment Help Microeconomics
Reference no: EM13378154

Suppose the price of housing stays at 2 and the price of food stays at 10. What will happen to her budget constraint if her income increase to 100? What happens to her budget constraint when her income decreases to $20.

Reference no: EM13378154

Questions Cloud

The production department has been investigating possible : the production department has been investigating possible ways to trim total production costs. one possibility
Set out below are the sales and net profits of a business : set out below are the sales and net profits of a business for two years 2010 and 2011nbsp2010pound2011poundsales
A plot crowding out for the following situations on a graph : a plot crowding out for the following situations on a graph and explain why you get the resultsi perfectly inelastic id
On january 1 abc corporation a us based manufacturer buys : on january 1 abc corporation a u.s. based manufacturer buys 10 million yen worth of inventory from sa corporation a
Suppose the price of housing stays at 2 and the price of : suppose the price of housing stays at 2 and the price of food stays at 10. what will happen to her budget constraint if
Suppose the price of housing increases to 3 but the price : suppose the price of housing increases to 3 but the price of food stays at 10.rewrite janes budget constraint and draw
Graph jays budget constraint when her income is 50 and the : graph jays budget constraint when her income is 50 and the price of housing and food is 2 and 10 respectively.what
You are a member of the metropolitan taxi commission which : you are a member of the metropolitan taxi commission which sets taxi fares for your city. you have been told that long
A what are your views regarding economic forecasting in : a. what are your views regarding economic forecasting? in particular share any experiences you may have had with

Reviews

Write a Review

Microeconomics Questions & Answers

  Marginal decision making principle

Provide specific example of how you used the marginal decision making principle to choose between two alternatives.

  What would be true of entitlement spending

1. What would be true of entitlement spending if the percentage of taxes allocated to discretionary spending rose to 100 percent and the federal budget was balances (Hint: Under a balanced budget, tax revenues equal the sum of discretionary ..

  How much more food would buy on average costs

Illustrate the impact of food stamps worth $100 compared to a $100 cash transfer on Joe's budget set b. Starting this month, Joe would receive food stamps worth $100 per month. How much more food would he buy this month if food on average costs $2..

  Did the station owner make a good economic decision in

A gasoline station very near a professional football stadium parks cars on its lot to make money on game days. Last year it charged $4.00 per car and parked 1,000 cars. This year it raised the parking price to $5.00 and parked 850 cars.

  Economic factors and the impact on aggregate supply

Economic Factors and the Impact on Aggregate Supply and Aggregate Demand

  Define profit-maximizing level of production

The current market price is $7.50. At her profit-maximizing level of production, the average variable cost is $8.00, and the average total cost is $8.25. Mrs. Smith should.

  Calculate incremental costs to fit in a production run

The State Department of Transportation has called for tenders to supply 10,000 gallons of blue reflective paint to be delivered within two months. You can foresee fitting in a production run of the blue paint and have decided to bid on the job.

  Differences between fixed and variable taxes

Assume that the government decreases spending by one hundred billion dollar. What happens to aggregate demand and discuss the differences between fixed and variable taxes.

  Relationship between ap and mp

Explain the relationship between AP and MP. Be sure to use graphs to help support your answer. Calculate the MP and the AP for each worker

  Forecast of companies future sales and revenue

Each class member shall prepare a written report concerning the performance of a company of their choice and based upon observation period, offer forecast of companies' future sales and revenue

  Find changes on the equilibrium price

Think the market for personal computers. Assume that the demand is  constant : the demand curve does not change. Predict the effects of the following changes on the equilibrium price of computers.

  Why does wal-mart have a cost advantage

When Wal-Mart locates in a smaller town, often the local retailers (e.g., hardware, clothing, and appliance stores) are unable to successfully compete and are driven out of business.

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