list the combinations of drinks and bar, Business Economics

Assignment Help:

You can buy as many drinks as you want at $1 each. You can also buy as many chocolate bars as you want at $2 each. You have $5 to spend. You must buy whole bars and drinks, that is, you cannot buy 1/2 a drink or 1/2 a chocolate.

 (a) List the combinations of drinks and bars that exhaust your $5 in a table.

 (b) Suppose that you must spend all your $5 on the drinks and bars. You would like to have as close to an equal number of drinks and bars if possible. How many bars and drinks will you consume? 

 (c) Suppose now that you do not have to spend all your $5, that is, you may have some change left over. You want to consume drinks and chocolate bars only in equal amounts, i.e., 1 bar and 1 drink, or two bars and two drinks, etc., but you will consume as much as your budget allows. Given these wants, how much chocolate and drinks will you consume? How much money do you have left over?


Related Discussions:- list the combinations of drinks and bar

Forecasting Homework help, Hello, My name is Lis ... I have a homework ass...

Hello, My name is Lis ... I have a homework assignment that is due and the latest it can be submitted is on Saturday May 4th. Please let me know how much it would cost and if it''

Economic analysis, There, you can obtain the available data on GDP and its ...

There, you can obtain the available data on GDP and its components. a. What is the value of nominal GDP during the past 5 years? b. What is the GDP deflator in 2006? c. Wh

T-value associated with 25 degrees of freedom, What is the t-value associat...

What is the t-value associated with 25 degrees of freedom and 20% in the tail? (Please round your answer to 3 decimal places)

Economic theory, How does economic theory contributes to managerial decisio...

How does economic theory contributes to managerial decisions?

Colonial background countries of the development process, What are colonial...

What are colonial background countries of the development process? A colony is a country controlled by other. Various European countries had extensive empires as: • Latin

Help, Ask quethe monthly revenue of a certain comany is given by R=820p-7^2...

Ask quethe monthly revenue of a certain comany is given by R=820p-7^2p,where p is the price in dollars of the product the company manufacturers. at what price will the revenue be $

Business strategy, Your student union has decided to support a local charit...

Your student union has decided to support a local charity by fund-raising on a Rag Day to be held in the town. Key events include a fancy dress relay race with teams sponsored by l

Export, Procedure for export under deferred paymet

Procedure for export under deferred paymet

Expectated measure of damage, Mr. M enters into a contract with Mr. R under...

Mr. M enters into a contract with Mr. R under which R agrees to build a model railroad for $200. The value of the model railroad to M is $300. Expecting that the model railroad wil

Write Your Message!

Captcha
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