If Amys income increases to $24 a week and the prices of coffee and cake remain unchanged,
Question:
If Amy’s income increases to $24 a week and the prices of coffee and cake remain unchanged, describe the change in her budget line.
Amy has $20 a week to spend on coffee and cake. The price of coffee is $4 a cup, and the price of cake is $2 a slice.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
When discussing budget lines were essentially talking about what a person can afford given their inc...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 Business questions
-
If Amys income increases to $24 a week and the prices of coffee and cake remain unchanged, describe the change in her budget line. Draw a graph of Marcs budget line with the quantity of DVDs on the...
-
If the price of cake doubles while the price of coffee remains at $4 a cup and Amys income remains at $20, describe the change in her budget line. Amy has $20 a week to spend on coffee and cake. The...
-
1. Paintball versus Virtual Reality Sessions. Jackson has a fixed budget for entertainment and has tentatively decided to get eight paintball sessions and five virtual-reality (VR) sessions. The...
-
f is continuous, but not necessarily differentiable, has domain [0, 6], reaches a maximum of 6 (attained when x = 5), and a minimum of 2 (attained when x = 3). Additionally, x = 1 and x = 5 are the...
-
Find the points on the ellipse 4x2 + y2 = 4 that are farthest away from the point (1, 0).
-
Why does an atom with many valence electrons tend to gain electrons rather than lose any?
-
Explain several implications of IFRS on financial reporting by health care organizations.
-
Petromax Enterprises uses a continuous review inventory control system for one of Its SKUs. The following information is available on the item. The firm operates 50 weeks in a year. Demand = 50.000...
-
The money supply process involves various factors, including the actions of commercial banks, the central bank's monetary policy, and the public's demand for money. My questions are: How do these...
-
a. Sketch a budget line for a Kenyan household that spends its income on only two goods: food and education. Identify the affordable and unaffordable combinations of the two goods. b. Sketch a second...
-
Draw a graph of Marcs budget line with the quantity of movie tickets on the x -axis. What is the slope of Marcs budget line? What determines its value? Marc has a budget of $20 a month to spend on...
-
Compound A (C7H13Br) is a tertiary bromide. On treatment with sodium ethoxide in ethanol, A is converted into B (C7H12). Ozonolysis of B gives C as the only product. Deduce the structures of A and B....
-
Transvaal Ltd currently has debt outstanding with a market value of R980,000 and a cost of 10 per cent. The company has an EBIT of R98,000 that is expected to continue in perpetuity. Assume there are...
-
Hoy plc has a profit before interest and taxes of 900,000 per year that is expected to continue in perpetuity. The unlevered cost of equity for the company is 17 per cent, and the corporate tax rate...
-
How is the APV of a project calculated? What about the FTE? What is the main difference between the APV, FTE and WACC?
-
1 Andrew and Gilstad (2005) write that business schools typically teach that leasing is a zerosum game. However, the economic assumptions that lead to this belief often are not true. These incorrect...
-
Compare and contrast the three methods of capital budgeting. What are their strengths and weaknesses? When and why should you use each method instead of the other two? Are the three methods...
-
Adams orders one thousand widgets at $5 per widget from International Widget to be delivered within sixty days. After the contract is consummated and signed, Adams requests that International deliver...
-
For each of the following transactions, indicate whether it increases, decreases, or has no effect on the following financial ratios: current ratio, debt-to-equity ratio, profit margin ratio, and...
-
a. According to news clip, is used clothing a normal good or an inferior good? b. If the price of used clothing falls and income remains the same, explain how the quantity of used clothing bought...
-
a. According to news clip, is used clothing a normal good or an inferior good? b. If the price of used clothing falls and income remains the same, explain how the quantity of used clothing bought...
-
What is the relative price of smoothies in terms of popcorn? What is the opportunity cost of a smoothie?
-
Use the above function that describes the telephone monthly plan 20 C(t) = if 0 t60 (20+0.40(t-60) if t> 60 to answer the following questions: 19. How much you will pay during a month that you talk...
-
You are a consultant to a firm evaluating an expansion of its current business. The cash- flow forecasts (in millions of dollars) for the project are as follows: Years 0 1-10 Cash Flow -210 +35 a. On...
-
The sizes of two interacting populations, 21(t) and 22(t), are modelled over a short time frame (with time measured in years) by the linear system of differential equations 'A, where A = - [14] and =...
Study smarter with the SolutionInn App