Elena consumes bundles of food and transportation. In order to understand her behavior, we use a graph of her consumption space in which we draw two axes. We measure food in the horizontal axis and transportation in the vertical axis. Which of the following bundles has the largest amount of food (if the bundles are written consistently with the way we graph consumption)? (80, 100) (99,150) (100,80) (95,95) (98,98)

Elena consumes bundles of food and transportation. In order to understand her behavior, we use a graph of her consumption space in which we draw two axes. We measure food in the horizontal axis and transportation in the vertical axis. Which of the following bundles has the largest amount of food (if the bundles are written consistently with the way we graph consumption)? (80, 100) (99,150) (100,80) (95,95) (98,98)

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter1: Introducing The Economic Way Of Thinking

Section1.A: Applying Graphs To Economics

Problem 2SQP

See similar textbooks

Similar questions

Jeffrey usually bought 10 kilos of glutinous rice and 5 bars of tablea every month, on a particular month, Jeffrey bought 12 kilos of glutinous rice and 8 bars of tablea determine the relationship of the two goods.
Television shows (number per month) Draw a curve that shows that the number of new television shows produced and the quantity of apples grown in British Columbia are unrelated. 4.0- 3.0- 2.0- 1.0- 0.0- Apples (thousands of boxes per month) >>> Draw only the objects specified in the question.
In economics, what does the term ceteris paribus mean when analyzing the relationship between two variables? A. All other things being equal or held constant B. The direct relationship between two variables C. The inverse relationship between two variables D. The absence of any relationship between two variables
The graph says: Clothing (units per 16 week) 14 12 10 1 2 3 4 5 Food (units per week) You are willing to give up 6 units of clothing to get the first unit of food You are willing to give up 4 units of clothing to get the third unit of food You are willing to give up 1 unit of clothing to get the fourth unit of food You are willing to give up 2 unit of clothing to get the fifth unit of food You are willing to give up 6 units of clothing to get the third unit of food
You drink only Coffee or Orange juice: a) Calculate the MU per dollar for Coffee b) Calculate the MU per dollar for Orange Juice
For the relationship graphed below: Household Spending = C ($/month) a Question 7 Homework Unanswered b с d 3,200 2,300 1,400 500 0 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. 1,000 2,000 3,000 Total Income = Y($/month) Spending Function total income is the independent variable and household spending is the dependent variable. total income is the dependent variable and household spending is the independent variable. total income is unrelated to household spending. total income is an exogenous variable, or shift factor.
Please show how to do b) and c). Quantity beef consumed is the dependent variable. Each of the others are the independent variables
Joe likes eating candy and drinking soda, The price of a bar of candy is $2 while the price of a can.of soda is $3. joe has a budeet of 529. Suppose that candy and soda can only be purchased and consumed as whole units (in other words it is impossible for Joe to purchase 1/3 of a bar of candy or A/5 of a can of soda). Furthermore, assume that it is impossible for Joe to spend more than his budget (that is, his total expenditure on candy and soda cannot exceed his budget). The following table describes the marginal benefit (expressed in $) he obtains from each bar of candy and can of soda Marginal Benefit from Marginal Benefit from Soda (in $) Unit Candy (in $) 180 180 160 150 3 140 120 60 5. 100 45 60 30 7. 40 15 8 10 -30 9. 60 -90 10 -100 -120 Joe's optimal consumption bundle includes (enter a numerical answer here) bars of candy and (enter o (enter a numerical answer here) cans of soda, and the total benefit he derives from the consumption of the optimal bundle is $ numerical answer…
What is the dependent variable and which is the independent variable?
Which of the following pairs is most likely to exhibit an inverse relationship?a. The amount of time you study and your grade point averageb. People’s annual income and their expenditure on personal computersc. Baseball players’ salaries and their batting averagesd. The price of a concert and the number of tickets that people purchase
The demand for goods and services is essentially influenced by several things, state and explain and make the relationship between variables statistically between independent variables and dependent variables!
Describe the consumption pattern of the consumer based on the table below unit MU/P (sundae) MU/P fries 1st 8 7 2nd 3 5 3rd 1 0