Business, 11.02.2020 16:34, marcoantonioperezpan

You have an income of $100 to spend on two commodities. The price of commodity 2 is constant at $1.
(1) The price of commodity 1 is $2 for the rst 20 units, but $1 for each additional unit exceeding 20. Draw the budget set.
(2) The price of commodity 1 is $2 if 20 or fewer units are purchased, but $1 for all units (including the rst 20) if more than 20 units are purchased. Draw the budget set. Now suppose income is still $100, but commodity 1 is priced according to the bulk discount of part (2) above.
(3) The price of commodity 2 is $2 for the rst 30 units, but $1 for each additional unit exceeding 30. Draw the budget set.
(4) The price of commodity 2 is $2 if 30 or fewer units are purchased, but $1 for all units (including the rst 30) if more than 30 units are purchased. Draw the budget set.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 16:10, georgesarkes12

Weber company purchases $44,270 of raw materials on account, and it incurs $52,730 of factory labor costs. supporting records show that (a) the assembly department used $27,580 of raw materials and $33,320 of the factory labor, and (b) the finishing department used the remainder. manufacturing overhead is assigned to departments on the basis of 150% of labor costs. journalize the assignment of overhead to the assembly and finishing departments. account titles and explanation debit credit

Answers: 2

continue

Business, 21.06.2019 20:30, bigJ4864

Goods and services that can be used for the same purpose are and goods and services that are used together are

Answers: 1

continue

Business, 22.06.2019 13:20, Jasten

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?

Answers: 3

continue

Business, 22.06.2019 15:20, sgalvis455

Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.

Answers: 3

continue

Do you know the correct answer?

You have an income of $100 to spend on two commodities. The price of commodity 2 is constant at $1....