Friday
March 27, 2015

Homework Help: Microeconomics: Budjet Constraint

Posted by Johnson on Thursday, August 6, 2009 at 9:44pm.

You have decided to eat sushi for lunch and have a grand total of $20 to spend.
Whatever money you have left over from buying sushi rolls will be spent on cans of soda to get you through the rest of the day. Your problem is to choose the best combination of sushi rolls and cans of soda. A sushi roll (R) is $6 and cans of soda (C) are $1.

Now suppose that you decided to go to the bu ffet at Fuji Chef instead. The buff et costs $13. Sketch your new budget constraint. (Hint: your possible consumption bundles still consist of cans of soda and rolls of sushi.)

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

math - A group of 8 office workers order 12 packs of sushi form the local ...
stats - Eating raw fish (and enjoying it) is an acquired taste for many people ...
math - Giselle spent a total of $43 when she went shopping. She spent $14 for ...
English - Thank you very much for your last corrections. Here are some more ...
English - 1. He spent much money on clothes. 2. He spent too much money in ...
math - Emily spent 1/2 of her money at the grocery store. Then, she spent 1/2 of...
Math - Rudy worked hard all summer. Before school started he decided to go ...
math - PUC raised money for the recent disaster victims. they decided to ...
English - 1. to feel happy because you are with someone, or have something. (...
maths - gemma saved 100 to spend on some clothes. she spent 2/5 of her money on...

Members