Paula, a former actress, spends all her income attending plays and movies and likes plays exactly three
Question:
Paula, a former actress, spends all her income attending plays and movies and likes plays exactly three times as much as she likes movies.
a. Draw her indifference map.
b. Paula earns $120/wk. If play tickets cost $12 each and movie tickets cost $4 each, show her budget line and highest attainable indifference curve. How many plays will she see?
c. If play tickets are $12, movie tickets $5, how many plays will she attend?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 41% (12 reviews)
a b If plays cost 12 and movies cost 4 the budget lin...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
On 31 October 2004, the cashbook of Mwea Enterprises Ltd. Showed a debit balance of Sh.1,710,000. This did not agree with the balance shown in the bank statement. Upon investigation, the accountant...
-
Heidi spends all her income on going to the movies, regardless of her income level or the price of movie passes. What is her income elasticity of demand for movie passes? What is her price elasticity...
-
Lucy, from Problem 4, spends all her income on lemonade, which costs $1 per pint. She earns $300 per month, but is robbed with 25 percent probability, in which case she is left with only $100. She...
-
I t was Swiss hotelier Csar Ritz, founder of the Parisian Htel Ritz back in 1898, who coined the familiar phrase the customer is always right. For the modern hospitality manager who must constantly...
-
Following are ten quarters of return data for Baraboo Associates stock, as well u return data during the same period for a broad stock market index. Using this information, calculate the following...
-
Cash Flow Effects For each of the following items, indicate (a) in what category of the statement of cash flows the item will be reported and (b) whether it will appear as a cash inflow, cash...
-
A company decides to send email surveys on its new car polishing spray to random people, asking them to forward it to 10 of their contacts after they are finished. What form of sampling did the...
-
Analysis of growth, price-recovery, and productivity components (continuation of 13-23) Suppose that during 2009, the market for Merediths special-purpose machines grew by 3%. All increases in market...
-
What are 3 potential client comtrols over handing errors in suppliers invocies?
-
You are a young, recently graduated attorney working part-time as part of the re-election campaign team for your midsized citys mayor. Several citizens have taken to writing strongly worded letters...
-
Koop likes food but dislikes cigarette smoke. The more food he has, the more he would be willing to give up to achieve a given reduction in cigarette smoke. If food and cigarette smoke are the only...
-
For each of the following, sketch: a. A typical persons indifference curves between garbage and the composite good. b. Indifference curves for the same two commodities for Oscar the Grouch on Sesame...
-
Briefly describe the design technique for an observer, given the configuration you described in Question 9.
-
An OIG fraud project found that during one month in a single state, there were 23,000 billings for an E/M service with the modifier 25 reported with one of these CPT codes: 11055, 11056, 11057, and...
-
What is the substituted judgment standard for surrogate decision-making? b) According to Post and Blustein, why is this standard "the most problematic"?
-
Below is a risk matrix for an entrepreneurial project in air conditioning installation and maintenance: | Risk | Probability | Impact | Severity | |--------|--------------|---------|-----------| |...
-
The average prices and quantities of six hypothetical items offered by a government agency running a social protection program for a marginalized community are shown in the following table: 2021 2022...
-
ROE and DuPont analysis Step 1: From the video https://www.youtube.com/watch?v=9lqRP80bNjUDuPont Analysis Framework by Professor Brian Bushee of Wharton School of Business. Step 2: Select a...
-
Describe the following components of an escalator system: a. Drive unit b. Sprocket drive c. Steps d. Balustrade e. Moving handrail f. Truss g. Emergency stop button
-
An Atomic Energy Commission nuclear facility was established in Hanford, Washington, in 1943. Over the years, a significant amount of strontium 90 and cesium 137 leaked into the Columbia River. In a...
-
When jumping, a flea rapidly extends its legs, reaching a takeoff speed of \(1.0 \mathrm{~m} / \mathrm{s}\) over a distance of \(0.50 \mathrm{~mm}\). a. What is the flea's acceleration as it extends...
-
Why do most successful industrial societies offer patents and copyright protection, even though these protections enable sellers to charge higher prices?
-
True or false: Because a natural monopolist charges a price greater than marginal cost, it necessarily earns a positive economic profit.
-
Two car manufacturers, Saab and Volvo, have fixed costs of $1 billion and marginal costs of $10,000 per car. If Saab produces 50,000 cars per year and Volvo produces 200,000, calculate the average...
-
1. Refer to the graph provided. Price, cost of unit $15- 9 MC ATC MR = P = D a. At what level of output does the firm maximize profit? Explain how you know. b. At the profit-maximizing quantity of...
-
A bond issued 10 years ago had a face value of $2,000; a coupon rate of 5%; and a yield of 6% when it was sold last month in the secondary bond market. At what price did the bond sell in the...
-
What are the assertions affected by the earlier list on what could go wrong in the post to the general journal process? The assertions to use are Completeness Existence/Occurrence Presentation and...
Study smarter with the SolutionInn App