Posted by **Summer** on Thursday, February 8, 2007 at 7:52pm.

X=view of the sea

Y=wine

Price of X: Px=0

Price of Y: Py=5

Income=10

Assume that a person does not look at the view beyond the point that bores him (when the marginal utility is negative)

a) Sketch the budget constraint

I know the y-int is 2, but i am not sure about the x-int of the budget constraint.

Please help

## Answer this Question

## Related Questions

- Microeconomics - 1. The utility function is given by: U=x+y and the budget line ...
- microeconomics - Budget constraint 1 is faced when price food = 10 and price ...
- Literature - 3. From Which point of view are the following paragraphs written? A...
- art need help - 1. This is the study of beauty and art. (1 point)ethics harmony ...
- Help please!! - Read the sentence below. Harry didn't know that his actions ...
- microeconomics - When deriving an individuals demand curve how do you find the ...
- microecomomics - When deriving an individuals demand curve how do you find the ...
- Managerial Economic - The equation for a demand curve has been estimate to be Q...
- Math - 1. The manager of a bottle shop makes 25% profit on the cost price of all...
- Economics, Marginal Utilities - Help Economyst.... 1) I think I get this one but...

More Related Questions