Write the equation for marias budget constraint

Reference no: EM131917531

Problem

Maria has a $300 gift certificate at a spa that she can use on massages or manicures. A massage costs $100, and a manicure costs $30.

a. Write the equation for Maria's budget constraint. Let x 5 massages. Let y 5 manicures.

b. Suppose Maria decides to split her gift certificate with a friend and transfers half of the value of her gift certificate to her friend. Write the equation for her new budget constraint.

c. After giving away half of her gift certificate, suppose the price of massages increases by 50 percent before Maria can use her gift certificate. Write the equation for her new budget constraint.

Reference no: EM131917531

Questions Cloud

What other alternatives may have been available : With regard to the Hefty trash bag description at the beginning of the chapter, answer the following questions: What would you have done if you were placed.

What can you say about the quantity of each good : Assuming that food platters and entertainment are normal goods, what can you say about the quantity of each good that Heather will purchase after the discount?

Has subway crossed the exploitation line : Has Subway crossed the exploitation line in targeting its food products to obese children? What is your opinion regarding the ethics of product placements.

What specific bill have they sponsored or supported : Choose one legislator on the state or federal level who is also a nurse, and discuss the importance of their role as advocate for improving health care delivery

Write the equation for marias budget constraint : Write the equation for Maria's budget constraint. Let x 5 massages. Let y 5 manicures. Write the equation for her new budget constraint.

How the cms reimbursement rules for never events required : Discuss how the CMS reimbursement rules for never events required a shift in the patient care delivery model in inpatient facilities.

Draw jordans new budget constraint : How many total trips can Jordan take if she takes the train three times? Suppose Jordan's travel budget is cut to $360. Draw her new budget constraint.

What is your view regarding anheuser-busch use : What is your view regarding Anheuser-Busch's use in the early to mid 1990s of humorous TV commercials that portrayed animated characters.

Expectations about psychotherapy : Many people have certain beliefs or expectations about psychotherapy based on what they see in the media, what they hear from friends or acquaintances

User Account

All Pages