Business, 21.06.2020 18:57, momneedshelphmwk
Assume you won $ 30 on a lottery ticket and decided to spend all the winnings on candy
bars and bags of peanuts. The price of candy bars is $0.75 and price of peanuts is $1.50.
a. Construct a table showing the alternative combinations of the two products that are
available.
b. Plot the data in your table as a budget line in a graph. What is the slope of the budget line?
What is the opportunity cost of one more candy bar? Of one more bag of peanuts? Do
these opportunity cost rise, fall or remain constant as each additional unit of the product is
purchased?
c. Does the Indifference curve tell you which of the available combinations of candy bars and
bags of peanuts to buy? Explain it logically.
d. Suppose that you had won $60 on your ticket, not $30 show the $ 30 budget line in your
diagram. Has the number of available combinations increased or decreased? Explain it.
Answers: 1
Business, 22.06.2019 11:30, barn01
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Business, 22.06.2019 13:40, ilovecatsomuchlolol
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Business, 22.06.2019 19:50, kipper5760
Bulldog holdings is a u. s.-based consumer electronics company. it owns smaller firms in japan and taiwan where most of its cell phone technology is developed and manufactured before being released worldwide. which of the following alternatives to integration does this best illustrate? a. venture capitalism b. franchising c. joint venture d. parent-subsidiary relationship
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Assume you won $ 30 on a lottery ticket and decided to spend all the winnings on candy
bars and bag...
History, 07.05.2020 14:57