Friday

October 31, 2014

October 31, 2014

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

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 ...

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...

graphs - Students can buy a caffeine addict card for $50, which entitles them to...

economics - When the price of X is $1 and the price of Y is $1 and income is I, ...