Answer to Question #239335 in Microeconomics for Sam

Question #239335

a Suppose M=8, P1=4, P2=2. Graph the budget set for this consumer.

Expert's answer

"Given\\\\M=8, P1=4, P2=2.\\\\8=4x_1+2x_2"

Learn more about our help with Assignments: Microeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. How can you compare the benefits to the cost?
2. Suppose there is a purchase of bonds by the central bank and a simultaneous tax cut. We know with ce
3. 1. A perfectly competitive firm produces 100 units of a good and the market price per unit of
4. Cross price elasticity of demand and the relations between the two products
5. exercise-Assume Mr mulugeta had budget of 150$ for the Consumption of tomato (X)and Potatol(y) Per
6. 1. Gorgeousleny with an income of P150 would like to buy two goods. Let us say juice and bread. P
7. 6. Explain the effect on the production of ice cream, if the price of raw milk decreases.7. Explain