Chuck spends all his income on two goods: tacos and milkshakes. His income is $100, the price of tacos is $10, and the price of milkshakes is $2. Put tacos on the horizontal axis and milkshakes on the vertical axis. The opportunity cost of one taco equals units of milkshakes.

Planning for the future should be as important as planning any aspect in your life. when you retire, you will be faced with a big turning point in your life such as having to deal with your personal growth, your relationship with your family and friends, and finding purpose and happiness in life. you should be prepared not just financially, but emotionally and mentally. make sure that after all the work that you've done for all your life, you find the time to relax and enjoy your retirement with your family, friends, and yourself. 

Part (a) is relatively straight forward.there are 4 aces in a standard 52-card deck. so the probability that an ace is picked is just 4/52.part (b): note that there are 4 suits in a standard 52-card deck. so picking hearts will be 13/52 or 1/4.part (c): the probability condition or means we need to add the two probabilities because we do not want them simultaneously. so, we end up getting pr(ace) + pr(heart).from part (a), we found that picking an ace had a probability of 4/52, which is reduced down to 1/13.from part (b), we found that picking a heart had a probability of 1/4.so, the probability of an ace or a heart is 1/13 + 1/4 = 4/52 + 13/52 = 17/52.

Answeraffects the market equilibrium for that good or service