If a household has an income of $40 and buys only bus rides at $2 each and
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (15 reviews)
The budget equation states that a households spending must equal its income The bu...View the full answer
Answered By
Jonas Araujo
I have recently received the degree of PhD. In Physics by the Universidade Federal do Maranhão after spending a term in Durham University, as I have been awarded a scholarship from a Brazilian mobility program. During my PhD. I have performed research mainly in Theoretical Physics and published works in distinguished Journals (check my ORCID: https://orcid.org/0000-0002-4324-1184).
During my BSc. I have been awarded a scholarship to study for a year in the University of Evansville, where I have worked in detection-analysis of photon correlations in the the Photonics Laboratory. There I was a tutor in Electromagnetism, Classical Mechanics and Calculus for most of that year (2012).
I am very dedicated, honest and a fast learner, but most of all, I value a job well done.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Assume that in a given country, tax revenues, T , depend on income, I , according to the formula T=4000+.2I Thus, for example, when a household has an income of $ 50,000, its tax burden is - 4,000+...
-
Public Schools and Private School Vouchers: Consider a simple model of how economic circumstances are changed when the government enters the education market. A: Suppose a household has an after-tax...
-
Pierre consumes bread and wine. For Pierre, the price of bread is 4 francs per loaf, and the price of wine is 4 francs per glass. Pierre has an income of 40 francs per day. Pierre consumes 6 glasses...
-
In what significant way do financial audits in government and not-for-profit organizations differ from those carried on in businesses? Your answer should also address the purpose of performance...
-
For each of the rejection regions defined in Exercise 8.59, what is the probability that a Type I error will be made? In Exercise 8.59 For each of the following rejection regions, sketch the sampling...
-
Starting from rest, a 1.9 10-4-kg fl ea springs straight upward. While the fl ea is pushing off from the ground, the ground exerts an average upward force of 0.38 N on it. This force does + 2.4 ...
-
Show that the laminar, free convection correlations for a vertical, isothermal flat plate of height \(L\) can be applied to a vertical, isothermal cylinder of diameter \(D\) and height \(L\) if the...
-
Jim Tallon, the consultant introduced at the beginning of section two of the chapter (p. 472), has obtained the following data relative to the Gibbs & Vaughan consulting job: Assume that the Wilkes...
-
CIVE 421: Reinforced Concrete Design Summer 2 2023 2nd Exam - Open Book Open Notes 1. Shear and moment design problem - continuous beam span As2 Section 2 Section 1 Wu As2 Asl L = 24 ft Only moment...
-
Alpine Expeditions operates a mountain climbing school in Colorado. Some clients pay in advance for services; others are billed after services have been performed. Advance payments are credited to an...
-
How does the relative price and a households real income influence its budget line?
-
If the price of one good changes, what happens to the relative price and the slope of the households budget line?
-
Babies born after 40 weeks gestation have a mean length of 52.2 centimeters (about 20.6 inches). Babies born one month early have a mean length of 47.4 cm. Assume both standard deviations are 2.5 cm...
-
A company sells one model of a synthetic leather basketball. The basketballs sell for $20 each, and the variable expenses for each basketball are $14. The company has $1,200 of fixed expenses. How...
-
If a $2000, one year 7% bond is sold for $2841, what is included in the journal entry to record the bond issuance? Show your calculations.
-
The corporation has 150,000 shares of $2 par common stock authorized and 52,000 shares are currently outstanding. Treasury stock has debit of $26,700. What is the number of shares issued?
-
Solve the equation. Write the answer in terms o e8x+3=14 The solution set is (Type an exact answer in simplified form. Use in separate answers as needed.)
-
A lab building had completed an addition, in the year of 2019, that cost $3,000,000 when the relevant cost index was 206. Today, when the latest cost index is 269, they wish to build a similar...
-
Exercises 1920 involve markup, the amount added to the dealers cost of an item to arrive at the selling price of that item. The selling price of a refrigerator is $584. If the markup is 25% of the...
-
From 1970 to 1990, Sri Lanka's population grew by approximately 2.2 million persons every five years. The population in 1970 was 12.2 million people.What is the best formula for P, Sri Lanka's...
-
If a tariff of $25 per container is imposed on imports of roses, what happens to the North American price of roses, the quantity of roses bought, the quantity produced locally, and the quantity...
-
If a tariff of $25 per container is imposed on imports of roses, what happens to the North American price of roses, the quantity of roses bought, the quantity produced locally, and the quantity...
-
If an import quota of 5 million containers is imposed on roses, what happens to the price of roses in North America, the quantity of roses bought, the quantity produced locally, and the quantity...
-
What extent does emotional intelligence among leaders and employees contribute to effective teamwork and conflict resolution, and what methods can be employed to enhance emotional intelligence within...
-
Determine the exponential function y = c(b) that goes through the points (-2, 16) and (1,54). Algebraic work must be shown for full credit.
-
Solve 6. 8. 8 So log x (1 + x)(4+ x) [log x] 2 dx 0 1 + x So dx
Study smarter with the SolutionInn App