Leandro has 16 hours per day that he can allocate to work or leisure. his job pays a wage rate of $20. leandro decides to consume 8 hours of leisure. his indifference curves have the usual shape: they slope downward, they do not cross, and they have the characteristic convex shape. draw leandro's time allocation budget line for a typical day, with income on the vertical axis and hours of leisure on the horizontal axis. then illustrate the indifference curve at his optimal choice. based on the graph, choose the correct statement.

Eliza works for a consumer agency educating young people about advertisements. instead of teaching students to carefully read advertisement claims, she encourages them to develop a strong sense of self and to keep their life goals and dreams separate from commercial products. why might eliza's advice make sense?

Two products, qi and vh, emerge from a joint process. product qi has been allocated $34,300 of the total joint costs of $55,000. a total of 2,900 units of product qi are produced from the joint process. product qi can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,900 and then sold for $13 per unit. if product qi is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?

Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource.(a) measles vaccinations (b) tuna in the pacific ocean (c) airline service in the united states (d) local storm-water system