subject
Business, 06.05.2021 18:30 jesh0975556

Connie allocates her income between meat (M) and potatoes (P). Suppose Connie has a monthly income of $200 and the price of meat is $5. Her supermarket has a special promotion. If she buys 20 pounds of potatoes at $2 per pound, she gets the next 10 pounds for free. This offer applies only to the first 20 pounds she buys. All potatoes in excess of the first 20 pounds (excluding bonus potatoes) are still $2 per pound. Required:
Draw her budget constraint with on the horizontal axis and on the vertical axis and write her budget constraint equation with this promotion.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 08:20
How much does a neurosurgeon can make most in canada? give me answer in candian dollar
Answers: 1
question
Business, 22.06.2019 10:20
Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.
Answers: 2
question
Business, 22.06.2019 12:00
Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?
Answers: 1
question
Business, 22.06.2019 16:30
On april 1, the cash account balance was $46,220. during april, cash receipts totaled $248,600 and the april 30 balance was $56,770. determine the cash payments made during april.
Answers: 1
You know the right answer?
Connie allocates her income between meat (M) and potatoes (P). Suppose Connie has a monthly income o...
Questions
question
Mathematics, 24.05.2021 18:00
question
Mathematics, 24.05.2021 18:00
question
Mathematics, 24.05.2021 18:00
question
Mathematics, 24.05.2021 18:00
question
Mathematics, 24.05.2021 18:00