Anita has $600 per month to spend on electricity and "other goods". Price of "other goods"...
Anita has $600 per month to spend on electricity and "other goods". Price of "other goods" is one, while price of electricity is $0.2 per kilowatt hour (kwH) for the first 1,000 kwH of power per month and $0.04 for any additional kwH. Select all that applies:
a. For the amount of electricity less than 1,000 kwH per month, the slope of her budget line is -0.1.
b. For the amount of electricity less than 1,000 kwH per month, the slope of her budget line is -0.2.
c. For the amount of electricity more than 1,000 kwH per month, the slope of her budget line is -0.24.
d. A bundle of 5,000 kwH and 240 of "other goods" is feasible for her. e. A bundle of 2,000 kwH and 300 of "other goods" is feasible for her.
f. A bundle of 6,000 kwH and 250 of "other goods" is feasible for her.
Homework Answers
For this question options 'B' and 'D' are correct. Because,
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Anita has $600 per month to spend on electricity and "other
goods". Price of "other goods"...
QUESTION 1 Anita has $600 per month to spend on electricity and "other goods". Price of...
QUESTION 1 Anita has $600 per month to spend on electricity and "other goods". Price of "other goods" is one, while price of electricity is 50.2 per kilowatt hour (kwH) for the first 1,000 kwH of power per month and 50.04 for any additional kwH. Select all that applies: O a. For the amount of electricity less than 1,000 kwH per month, the slope of her budget line is-0.1. b. For the amount of electricity less than 1,000 kWH per...
Why the correct options are B and D only, not including C and E? QUESTION 1...
Why the correct options are B and D only, not including C and
E?
QUESTION 1 Anita has $600 per month to spend on electricity and "other goods". Price of "other goods" is one, while price of electricity is 50.2 per kilowatt hour (kwH) for the first 1,000 kwH of power per month and 50.04 for any additional kwH. Select all that applies: O a. For the amount of electricity less than 1,000 kwH per month, the slope of her...
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1) You make $2,000 a month. You can spend this income on two goods: food, which...
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QUESTION 1 Anita has $600 per month to spend on electricity and "other goods". Price of "other goods" is one, while price of electricity is 50.2 per kilowatt hour (kwH) for the first 1,000 kwH of power per month and 50.04 for any additional kwH. Select all that applies: O a. For the amount of electricity less than 1,000 kwH per month, the slope of her budget line is-0.1. b. For the amount of electricity less than 1,000 kWH per...
Why the correct options are B and D only, not including C and
E?
QUESTION 1 Anita has $600 per month to spend on electricity and "other goods". Price of "other goods" is one, while price of electricity is 50.2 per kilowatt hour (kwH) for the first 1,000 kwH of power per month and 50.04 for any additional kwH. Select all that applies: O a. For the amount of electricity less than 1,000 kwH per month, the slope of her...
2. Suppose that Jesse earns $1,000 per month which she allocates between food and other goods. Assume that the average price of a unit of food is $5 and the price of other goods as $1. Currently, she maximizes her utility by purchasing 25 units of food each month. [5] a. With other goods on the y-axis and food on the x-axis, illustrate Jesse's budget constraint and an indifference curve at her optimal bundle. Label all relevant values. b. In...
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