PLEASE CAN ONLY PART D BE SOLVED FOR ME 1) Suppose that Heidi has a breakfast...

PLEASE CAN ONLY PART D BE SOLVED FOR ME

1) Suppose that Heidi has a breakfast budget of 240 TL. She prefers to eat simit and tea for her breakfast. A cup of tea costs 1,0 TL and simit costs 2,0 TL. (Both are normal goods)

a) Please draw Heidi’s budget constraint and show maximum amounts of both goods on the graph.

b) Determine the slope of budget constraint

c) Add indifference curves into the graph and show the optimal consumption bundle.

d) Suppose that there was a frost in Rize, thus price of tea increases to 1,2 TL, 1. Show the new budget line on the graph 2. How does the optimal consumption bundle change? e) Suppose Heidi decides to consume 60 TL more for her breakfast (starting from the original situation), 1. Show the new budget line on the graph 2. How does the optimal consumption bundle change?

Solutions

Expert Solution

*** Please please like this answer so that I can get a small benefit. Please support me. Please help me. Thankyou***

Rahul Sunny answered 1 year ago

Next > < Previous

Related Solutions

Hi can anyone answer these for me before 12am tonight please! 1. Not only are you...

Hi can anyone answer these for me before 12am tonight please! 1. Not only are you a brilliant accountant, you also have a knack for technology. Over time you’ve been developing an idea for an internet search engine and email service that would make the founders of Google green with envy. You’ve begun offering this service for free to everyone, but to start earning revenues you’ve had to spend a lot of money on advertising. Because of this, you need...

ONLY ANSWER PART C, D AND E 1A. Suppose The lifetime for a competing brands of...

ONLY ANSWER PART C, D AND E 1A. Suppose The lifetime for a competing brands of tires are independent of each other and approximately normal with unknown means but known variances σ^2= 975 miles^2 and σ^2= 965 miles^2. We gather did some testing under controlled conditions and have the following summary statistics: n1= 75 ̄x1= 3251.4 n2= 60 ̄x2= 3274.7 Construct a 80% confidence interval for the difference in population means,μ1−μ2. B.Using the same setup as part A, conduct a...

And please show me the step by step process of how you solved the question. I...

And please show me the step by step process of how you solved the question. I have a learning disability and I need to know the steps to solve the question If it takes 17.5 mL of 0.085 M NaOH to titrate a 15 mL sample of sauerkraut juice, what is the acidity of that juice, expressed as % lactic acid (wt/vol)?

Solved parts a-e, need the rest. 1. Suppose the economy can be defined as the following:...

Solved parts a-e, need the rest. 1. Suppose the economy can be defined as the following: Consumption Function: 3000+0.6*(Y-T) Investment Function: 600-50r Government Expenditure = 500; Tax = 500 Net Export = 300–30r M = 10000 Money Demand Function: L(Y,r) =5Y–2500r a) Derive the IS curve. IS: r = 51.25 - .005Y b) Derive the LM curve LM: r = .002Y-4*(1/P) c) Suppose P = 10, compute the equilibrium interest rate and output. (e.g. If you compute r = 2.46,...

Can anyone PLEASE point me in the right direction to get started. this is part 2...

Can anyone PLEASE point me in the right direction to get started. this is part 2 of a 3 parth assignment for a research proposal. In one or two paragraphs, identify and define provide formal definitions for all main concepts you use in the proposal and state how they are related. Use academic references only, avoid guessing and common sense. I need help figuring out how to write this, my research question that I am suppost to use the...

can you please give me short answers only 4 or 5 sentence and please could you...

can you please give me short answers only 4 or 5 sentence and please could you tpye the answers i do not want handwriting,,, You are creating a model for a manufacturing company with four major plants and ten warehouses. They want to reduce costs by determining the optimal number and location of the plants and warehouses. During the initial set of meetings, one of the team members is very concerned about modeling the “samples” that the firm sends out....

If anyone can show me how these are solved I would appreciate it, answers included though...

If anyone can show me how these are solved I would appreciate it, answers included though please. 16.) Which of the follow conatin the GREATEST number of MOLES of OXYGEN. Show your work. 0.50 mol P4010, 1.5mol P2O5, 2.5mol CO2, 2.0mol N2O4 20.) Ibuprofen has a chemical formula C13H1802. When the equation is properly balanced what is a correct mole ratio of CO2 to H2O in the reaction? 21.) 4Al(s) + 3O2(g) ---> 2 Al2O3 (s) If 10.0 mol...

me and friend are conducting uni project about how the skipping of breakfast can influnce individuals...

me and friend are conducting uni project about how the skipping of breakfast can influnce individuals energy such as in their work and learning. so we done a survay based on that , but we are not too sure what to write in the human ethics section ?

CAN ANYONE ASSIST ME PLEASE URGENT : Suppose that the current spot exchange rate is €/£...

CAN ANYONE ASSIST ME PLEASE URGENT : Suppose that the current spot exchange rate is €/£ 1.50/52 and the one-year forward exchange rate is €1.60/64₤. The one-year interest rate is 5.4% in euros and 5.2% in pounds. You can borrow at €1,000,000 or the equivalent pound at the current spot exchange rate. Which country’s money market you decide to invest? Why? Calculate the amount of arbitrage profit and loss in €? Bid-Ask Prices? How to solve??

Can I please get parts (d) (e) and (f) explained to me from Keown Text Chapter...

Can I please get parts (d) (e) and (f) explained to me from Keown Text Chapter 9, Mini Case, in more detail of how to find the answers and why? I'm confused with how the numbers and percentages were found and I would like to better understand why cost of calculation to use and why? d. Compute the weighted average cost of capital for Nealon’s investment using the weights reflected in the actual financing mix (that is, $20 million in...

Subjects