How can a budget line rotate clockwise without the horizontal intercept changing if the money price...
How can a budget line rotate clockwise without the horizontal intercept changing if the money price of the good on the vertical axis does not change?
Homework Answers
actually be mentioned that the price of the good in the vertical Axis didn't change and as a result of which the quantity consumed remind same but with the clockwise moment as shown in the figure where the line shifted from AB1 to AB2, it is observed that less quantity of good X is consumed and this is happened with the increasen in the price level of good X and if the price increases then quantity consume decreases on the whole.
Add Answer to:
How can a budget line rotate clockwise without the horizontal
intercept changing if the money price...
How can a budget line shift parallel to itself without a change in income? How can...
How can a budget line shift parallel to itself without a change in income? How can a budget line rotate clockwise without the horizontal intercept changing if the money price of y (the good on the vertical axis) does not change?
3. (3 Points) Intuitively describe what the slope of the budget line tells us about the...
3. (3 Points) Intuitively describe what the slope of the budget line tells us about the consumer's ability to trade goods X and Y. 4. (6 Points) For each description of a change in the budget line given below, state which of the following increases or decreases for the budget constraint variables would cause it: † Px + PxPy. Pytw, and I W. (a) The budget line rotates inward around its horizontal intercept (meaning that it's horizontal intercept does NOT...
INDICATE WHETHER THE STATEMENT IS TRUE OR FALSE. If there are two goods and the prices...
INDICATE WHETHER THE STATEMENT IS TRUE OR FALSE. If there are two goods and the prices of both goods rise, then the budget line must become steeper. A decrease in income pivots the budget line around the bundle initially consumed. If all prices are doubled and money income is left the same, the budget constraint does not change because relative prices do not change. If good 1 is on the horizontal axis and good 2 is on the vertical axis,...
Originally the consumer faces the budget line p1x1 + p2x2 = w. Then the price of...
Originally the consumer faces the budget line p1x1 + p2x2 = w. Then the price of good 1 doubles, the price of good 2 becomes 8 times larger, and wealth becomes 4 times larger. a. Write down an equation for the new budget line in terms of the original prices and wealth. b. Draw each budget constraint on a separate graph. Then label the vertical intercept, horizontal intercept and the slope of each line in terms of the original prices...
managerial economics and strategy if the price of one good increases whike the price of another...
managerial economics and strategy
if
the price of one good increases whike the price of another good and
the consumers income remains unchanged, what will happen to the
budget line?
omework: Week 3 GRADED Homework me: 0 of 2 pts 12 of 20 (10 complete) 3-9 the price of one good increases while the price of the other good and the consumer's income remain unchanged what will happen to the budget line? A The budget line rotates inward from the...
Suppose the initial price of good 1 is $2 and the initial price of good 2...
Suppose the initial price of good 1 is $2 and the initial price of good 2 is $4 and initial income is $100. A consumer maximizes utility selecting an initial consumption bundle (pt R) and a new consumption bundle (pt S) given a change in an exogenous variable. Baseline Budget: B New Budget : B2 Units of Good 2 (31 = 75,x) = 37.5) u2 = 53.03 (21= 25,= 12.5) B U = 17.7 © 20 40 60 80 100...
The bar shown in figure below can rotate around the axis indicated by the dot counter clockwise.
The bar shown in figure below can rotate around the axis indicated by the dot counter clockwise. If a net torque of 3.5 N.m is experienced by the bar about the axis. (a) Draw a free body diagram, showing all horizontal and vertical forces acting on the bar. (b) Calculate the acting force F on the bar in N. (c) Calculate the angular acceleration in rad/s2 if the moment of inertia of the bar's is 0.5 kg.m?
Slope of a budget line = - price of good 2 / price of good 1....
Slope of a budget line = - price of good 2 / price of good 1. Healthy Meals and Unhealthy Snacks Budget Price of Healthy Meals (Good 1) Price of Unhealthy Snacks (Good 2) Scenario 1 $80.00 $5.00 $2.00 Scenario 2 $80.00 $5.00 $1.25 Scenario 3 $120.00 $5.00 $2.00 What is the X intercept? What is the Y intercept? What is the slope?
Slope of a budget line = - price of good 2 / price of good 1....
Slope of a budget line = - price of good 2 / price of good 1. Healthy Meals and Unhealthy Snacks Budget Price of Healthy Meals (Good 1) Price of Unhealthy Snacks (Good 2) Scenario 1 $80.00 $5.00 $2.00 Scenario 2 $80.00 $5.00 $1.25 Scenario 3 $120.00 $5.00 $2.00 Scenario 3: What is the X intercept? What is the Y intercept? What is the slope?
I have the correct answers for number 1 and 2. I just don't understand why it...
I have the correct answers for number 1 and 2. I just don't
understand why it rotates counterclockwise from the
intersection.
1. A consumer has $100 per day to spend on product A, which has a unit price of $7, and product 且which has a unit priceof $15 What is the slope of e budget line if good A is on the zontal axis and good B is on the vertical axis? C)-15/7 D) 7/15 7 2. In question 1,...
3. (3 Points) Intuitively describe what the slope of the budget line tells us about the consumer's ability to trade goods X and Y. 4. (6 Points) For each description of a change in the budget line given below, state which of the following increases or decreases for the budget constraint variables would cause it: † Px + PxPy. Pytw, and I W. (a) The budget line rotates inward around its horizontal intercept (meaning that it's horizontal intercept does NOT...
managerial economics and strategy
if
the price of one good increases whike the price of another good and
the consumers income remains unchanged, what will happen to the
budget line?
omework: Week 3 GRADED Homework me: 0 of 2 pts 12 of 20 (10 complete) 3-9 the price of one good increases while the price of the other good and the consumer's income remain unchanged what will happen to the budget line? A The budget line rotates inward from the...
Suppose the initial price of good 1 is $2 and the initial price of good 2 is $4 and initial income is $100. A consumer maximizes utility selecting an initial consumption bundle (pt R) and a new consumption bundle (pt S) given a change in an exogenous variable. Baseline Budget: B New Budget : B2 Units of Good 2 (31 = 75,x) = 37.5) u2 = 53.03 (21= 25,= 12.5) B U = 17.7 © 20 40 60 80 100...
I have the correct answers for number 1 and 2. I just don't
understand why it rotates counterclockwise from the
intersection.
1. A consumer has $100 per day to spend on product A, which has a unit price of $7, and product 且which has a unit priceof $15 What is the slope of e budget line if good A is on the zontal axis and good B is on the vertical axis? C)-15/7 D) 7/15 7 2. In question 1,...
Most questions answered within 3 hours.
-
The time married men with children spend on child care averages
5.9 hours per week (Time,...
asked 10 minutes ago -
There are many minerals which contain sliver. One of them,
smithite, is placed in water and...
asked 8 minutes ago -
The chickens at Colonel Thompson's Ranch have a mean weight of
1850 g, with a standard...
asked 5 minutes ago -
22.3 g of fructose, C6H12O6,
are dissolved completely in 75.5 mL of pure water at 20.0...
asked 31 minutes ago -
Two bankrobbers are standing side by side, trying to push open
the door of a safe...
asked 32 minutes ago -
2. You want to buy a house. You can make an initial payment of
$200,000 and...
asked 29 minutes ago -
Why study the ‘Economic environment’ of a country? Describe the
information you will be collecting in...
asked 20 minutes ago -
A chandelier with mass m is suspended from a cable with mass M
from the ceiling....
asked 29 minutes ago -
How many disk accesses are needed to bring byte i of a file
into memory when...
asked 33 minutes ago -
Compare/Contrast the Lac and Ara operons.
asked 49 minutes ago -
Part A
What is the maximum speed with which a 1200-kg car can round a
turn...
asked 50 minutes ago -
Write in c++ please
Read and write 5 students information such as, Student
ID, first name,...
asked 48 minutes ago