SlideShare a Scribd company logo

On Monday, Beth buys 4 peanuts and 6 cashews. On Tuesday, the price .pdf

•
•
J
jaswinderakal

On Monday, Beth buys 4 peanuts and 6 cashews. On Tuesday, the price of peanuts rises and the price of cashews falls. The Monday and Tuesday budget lines cross at (5, 5). a) On which day is Beth happier? b )True or False: On Tuesday, Beth might buy 7 peanuts. On Wednesday, the Tuesday prices remain in effect, but Beth’s income changes so that she is exactly as happy on Wednesday as on Monday. c) Illustrate Beth’s Monday, Tuesday and Wednesday optima. Label them M, T and W. d) True or False: If peanuts are an inferior good, Beth will certainly consume fewer peanuts on Tuesday than on Monday. Justify your answer by referring to the locations of points M, T and W. Solution a. Monday beth is happy as she bought 4 peanuts and 6 cashews b. On tuesday the prices of Peanuts increased and beth bought 7 peanuts and on wednesday as beth bought the peanuts and the price of the peanuts unaffetcted beth was as happy as on monday keeping in view of the possession the peanuts. c. M: Beth\'s monday was good as she bough 4 peanuts and 6 cashews with the available budget. T: On tuesday the prices of the peanuts were up and cashew are down, whihc made beth bought 7 peanuts W: On wedneday beth was happy as the prices remained unaffected as they were on tuesday and Beth is holding a total of 11 peanuts and 6 cashews, whihc of the same may lead to profits as peanuts are highly consumed good compaed to cashew..

Education
1 of 1
Download to read offline
On Monday, Beth buys 4 peanuts and 6 cashews. On Tuesday, the price of peanuts rises and the price of cashews falls. The Monday and Tuesday budget lines cross at (5, 5). a) On which day is Beth happier? b )True or False: On Tuesday, Beth might buy 7 peanuts. On Wednesday, the Tuesday prices remain in effect, but Beth’s income changes so that she is exactly as happy on Wednesday as on Monday. c) Illustrate Beth’s Monday, Tuesday and Wednesday optima. Label them M, T and W. d) True or False: If peanuts are an inferior good, Beth will certainly consume fewer peanuts on Tuesday than on Monday. Justify your answer by referring to the locations of points M, T and W. Solution a. Monday beth is happy as she bought 4 peanuts and 6 cashews b. On tuesday the prices of Peanuts increased and beth bought 7 peanuts and on wednesday as beth bought the peanuts and the price of the peanuts unaffetcted beth was as happy as on monday keeping in view of the possession the peanuts. c. M: Beth's monday was good as she bough 4 peanuts and 6 cashews with the available budget. T: On tuesday the prices of the peanuts were up and cashew are down, whihc made beth bought 7 peanuts W: On wedneday beth was happy as the prices remained unaffected as they were on tuesday and Beth is holding a total of 11 peanuts and 6 cashews, whihc of the same may lead to profits as peanuts are highly consumed good compaed to cashew.

Recommended

On October 15, 2015, A common stock of Nasson Co. sells for $42 per .pdf
On October 15, 2015, A common stock of Nasson Co. sells for $42 per .pdfOn October 15, 2015, A common stock of Nasson Co. sells for $42 per .pdf
On October 15, 2015, A common stock of Nasson Co. sells for $42 per .pdfjaswinderakal
 
On April 30, the Dussault Corporation performed a month-end inventor.pdf
On April 30, the Dussault Corporation performed a month-end inventor.pdfOn April 30, the Dussault Corporation performed a month-end inventor.pdf
On April 30, the Dussault Corporation performed a month-end inventor.pdfjaswinderakal
 
On April 30, Hilte Corporation performed a month-end inventory and c.pdf
On April 30, Hilte Corporation performed a month-end inventory and c.pdfOn April 30, Hilte Corporation performed a month-end inventory and c.pdf
On April 30, Hilte Corporation performed a month-end inventory and c.pdfjaswinderakal
 
On a Sunday morning in September 2008, a reader browsing through arc.pdf
On a Sunday morning in September 2008, a reader browsing through arc.pdfOn a Sunday morning in September 2008, a reader browsing through arc.pdf
On a Sunday morning in September 2008, a reader browsing through arc.pdfjaswinderakal
 
On June 1, 2015, Nelly Co reacquired 12,000 shares of its $2 par val.pdf
On June 1, 2015, Nelly Co reacquired 12,000 shares of its $2 par val.pdfOn June 1, 2015, Nelly Co reacquired 12,000 shares of its $2 par val.pdf
On June 1, 2015, Nelly Co reacquired 12,000 shares of its $2 par val.pdfjaswinderakal
 
On July 31, Kenton Companys petty cash fund contained coins andc.pdf
On July 31, Kenton Companys petty cash fund contained coins andc.pdfOn July 31, Kenton Companys petty cash fund contained coins andc.pdf
On July 31, Kenton Companys petty cash fund contained coins andc.pdfjaswinderakal
 
On July 1, B. Darin Company sold merchandise costing $4,500 to S. De.pdf
On July 1, B. Darin Company sold merchandise costing $4,500 to S. De.pdfOn July 1, B. Darin Company sold merchandise costing $4,500 to S. De.pdf
On July 1, B. Darin Company sold merchandise costing $4,500 to S. De.pdfjaswinderakal
 
On January 2, Peyroux Company acquired 35 of the outstanding stock .pdf
On January 2, Peyroux Company acquired 35 of the outstanding stock .pdfOn January 2, Peyroux Company acquired 35 of the outstanding stock .pdf
On January 2, Peyroux Company acquired 35 of the outstanding stock .pdfjaswinderakal
 

Recommended

On October 15, 2015, A common stock of Nasson Co. sells for $42 per .pdf
On October 15, 2015, A common stock of Nasson Co. sells for $42 per .pdfOn October 15, 2015, A common stock of Nasson Co. sells for $42 per .pdf
On October 15, 2015, A common stock of Nasson Co. sells for $42 per .pdfjaswinderakal
 
On April 30, the Dussault Corporation performed a month-end inventor.pdf
On April 30, the Dussault Corporation performed a month-end inventor.pdfOn April 30, the Dussault Corporation performed a month-end inventor.pdf
On April 30, the Dussault Corporation performed a month-end inventor.pdfjaswinderakal
 
On April 30, Hilte Corporation performed a month-end inventory and c.pdf
On April 30, Hilte Corporation performed a month-end inventory and c.pdfOn April 30, Hilte Corporation performed a month-end inventory and c.pdf
On April 30, Hilte Corporation performed a month-end inventory and c.pdfjaswinderakal
 
On a Sunday morning in September 2008, a reader browsing through arc.pdf
On a Sunday morning in September 2008, a reader browsing through arc.pdfOn a Sunday morning in September 2008, a reader browsing through arc.pdf
On a Sunday morning in September 2008, a reader browsing through arc.pdfjaswinderakal
 
On June 1, 2015, Nelly Co reacquired 12,000 shares of its $2 par val.pdf
On June 1, 2015, Nelly Co reacquired 12,000 shares of its $2 par val.pdfOn June 1, 2015, Nelly Co reacquired 12,000 shares of its $2 par val.pdf
On June 1, 2015, Nelly Co reacquired 12,000 shares of its $2 par val.pdfjaswinderakal
 
On July 31, Kenton Companys petty cash fund contained coins andc.pdf
On July 31, Kenton Companys petty cash fund contained coins andc.pdfOn July 31, Kenton Companys petty cash fund contained coins andc.pdf
On July 31, Kenton Companys petty cash fund contained coins andc.pdfjaswinderakal
 
On July 1, B. Darin Company sold merchandise costing $4,500 to S. De.pdf
On July 1, B. Darin Company sold merchandise costing $4,500 to S. De.pdfOn July 1, B. Darin Company sold merchandise costing $4,500 to S. De.pdf
On July 1, B. Darin Company sold merchandise costing $4,500 to S. De.pdfjaswinderakal
 
On January 2, Peyroux Company acquired 35 of the outstanding stock .pdf
On January 2, Peyroux Company acquired 35 of the outstanding stock .pdfOn January 2, Peyroux Company acquired 35 of the outstanding stock .pdf
On January 2, Peyroux Company acquired 35 of the outstanding stock .pdfjaswinderakal
 
On January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdf
On January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdfOn January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdf
On January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdfjaswinderakal
 
On January 1, 20XI, Parent Company acquired 80 of the common stock .pdf
On January 1, 20XI, Parent Company acquired 80 of the common stock .pdfOn January 1, 20XI, Parent Company acquired 80 of the common stock .pdf
On January 1, 20XI, Parent Company acquired 80 of the common stock .pdfjaswinderakal
 
On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdf
On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdfOn January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdf
On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdfjaswinderakal
 
On December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdf
On December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdfOn December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdf
On December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdfjaswinderakal
 
On January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdf
On January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdfOn January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdf
On January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdfjaswinderakal
 
On January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdf
On January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdfOn January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdf
On January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdfjaswinderakal
 
On January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdf
On January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdfOn January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdf
On January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdfjaswinderakal
 
On average, there is one flaw per 1000 feet of pipe. What is the pr.pdf
On average, there is one flaw per 1000 feet of pipe. What is the pr.pdfOn average, there is one flaw per 1000 feet of pipe. What is the pr.pdf
On average, there is one flaw per 1000 feet of pipe. What is the pr.pdfjaswinderakal
 
On December 20th WSS received sales return request in the mail from .pdf
On December 20th WSS received sales return request in the mail from .pdfOn December 20th WSS received sales return request in the mail from .pdf
On December 20th WSS received sales return request in the mail from .pdfjaswinderakal
 
On average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdf
On average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdfOn average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdf
On average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdfjaswinderakal
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introductionMaksud Ahmed
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxiammrhaywood
 
URLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppURLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppCeline George
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdfQucHHunhnh
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxRoyAbrique
 
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdfTataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdfSarwono Sutikno, Dr.Eng.,CISA,CISSP,CISM,CSX-F
 
CARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxCARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxGaneshChakor2
 
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...RKavithamani
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Educationpboyjonauth
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfJayanti Pande
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingTechSoup
 
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991RKavithamani
 

More Related Content

More from jaswinderakal

On January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdf
On January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdfOn January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdf
On January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdfjaswinderakal
 
On January 1, 20XI, Parent Company acquired 80 of the common stock .pdf
On January 1, 20XI, Parent Company acquired 80 of the common stock .pdfOn January 1, 20XI, Parent Company acquired 80 of the common stock .pdf
On January 1, 20XI, Parent Company acquired 80 of the common stock .pdfjaswinderakal
 
On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdf
On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdfOn January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdf
On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdfjaswinderakal
 
On December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdf
On December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdfOn December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdf
On December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdfjaswinderakal
 
On January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdf
On January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdfOn January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdf
On January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdfjaswinderakal
 
On January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdf
On January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdfOn January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdf
On January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdfjaswinderakal
 
On January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdf
On January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdfOn January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdf
On January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdfjaswinderakal
 
On average, there is one flaw per 1000 feet of pipe. What is the pr.pdf
On average, there is one flaw per 1000 feet of pipe. What is the pr.pdfOn average, there is one flaw per 1000 feet of pipe. What is the pr.pdf
On average, there is one flaw per 1000 feet of pipe. What is the pr.pdfjaswinderakal
 
On December 20th WSS received sales return request in the mail from .pdf
On December 20th WSS received sales return request in the mail from .pdfOn December 20th WSS received sales return request in the mail from .pdf
On December 20th WSS received sales return request in the mail from .pdfjaswinderakal
 
On average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdf
On average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdfOn average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdf
On average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdfjaswinderakal
 

More from jaswinderakal (10)

On January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdf
On January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdfOn January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdf
On January 2, 2011, a 7.1 magnitude earthquake struck the central co.pdf
 
On January 1, 20XI, Parent Company acquired 80 of the common stock .pdf
On January 1, 20XI, Parent Company acquired 80 of the common stock .pdfOn January 1, 20XI, Parent Company acquired 80 of the common stock .pdf
On January 1, 20XI, Parent Company acquired 80 of the common stock .pdf
 
On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdf
On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdfOn January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdf
On January 1, 20X4, Plimsol Company acquired 100 percent of Shipping.pdf
 
On December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdf
On December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdfOn December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdf
On December 28, 2011, Mary Lee went to her accountants, Gorskikov LL.pdf
 
On January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdf
On January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdfOn January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdf
On January 1, 2014 Leo Paid $15,000 for 5 percent of the stock in BL.pdf
 
On January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdf
On January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdfOn January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdf
On January 1, 2011, Musial Corp. sold equipment to Martin Inc. (a wh.pdf
 
On January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdf
On January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdfOn January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdf
On January 1, 2004, Pearce and Co. will issue new bonds to finance i.pdf
 
On average, there is one flaw per 1000 feet of pipe. What is the pr.pdf
On average, there is one flaw per 1000 feet of pipe. What is the pr.pdfOn average, there is one flaw per 1000 feet of pipe. What is the pr.pdf
On average, there is one flaw per 1000 feet of pipe. What is the pr.pdf
 
On December 20th WSS received sales return request in the mail from .pdf
On December 20th WSS received sales return request in the mail from .pdfOn December 20th WSS received sales return request in the mail from .pdf
On December 20th WSS received sales return request in the mail from .pdf
 
On average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdf
On average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdfOn average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdf
On average, 12.5 rooms stay vacant per day at Hotel Stats. Find the .pdf
 

Recently uploaded

microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introductionMaksud Ahmed
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxiammrhaywood
 
URLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppURLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppCeline George
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdfQucHHunhnh
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxRoyAbrique
 
CARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxCARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxGaneshChakor2
 
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...RKavithamani
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Educationpboyjonauth
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfJayanti Pande
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingTechSoup
 
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991RKavithamani
 
Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactdawncurless
 
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxPOINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxSayali Powar
 
The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13Steve Thomason
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdfQucHHunhnh
 
Sanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfSanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfsanyamsingh5019
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformChameera Dedduwage
 

Recently uploaded (20)

microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introduction
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
 
URLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppURLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website App
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
 
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdfTataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
 
CARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxCARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptx
 
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Education
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdf
 
Grant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy ConsultingGrant Readiness 101 TechSoup and Remy Consulting
Grant Readiness 101 TechSoup and Remy Consulting
 
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
 
Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impact
 
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxPOINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
 
The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13
 
Staff of Color (SOC) Retention Efforts DDSD
Staff of Color (SOC) Retention Efforts DDSDStaff of Color (SOC) Retention Efforts DDSD
Staff of Color (SOC) Retention Efforts DDSD
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
Sanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdfSanyam Choudhary Chemistry practical.pdf
Sanyam Choudhary Chemistry practical.pdf
 
Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy Reform
 

On Monday, Beth buys 4 peanuts and 6 cashews. On Tuesday, the price .pdf

  • 1. On Monday, Beth buys 4 peanuts and 6 cashews. On Tuesday, the price of peanuts rises and the price of cashews falls. The Monday and Tuesday budget lines cross at (5, 5). a) On which day is Beth happier? b )True or False: On Tuesday, Beth might buy 7 peanuts. On Wednesday, the Tuesday prices remain in effect, but Beth’s income changes so that she is exactly as happy on Wednesday as on Monday. c) Illustrate Beth’s Monday, Tuesday and Wednesday optima. Label them M, T and W. d) True or False: If peanuts are an inferior good, Beth will certainly consume fewer peanuts on Tuesday than on Monday. Justify your answer by referring to the locations of points M, T and W. Solution a. Monday beth is happy as she bought 4 peanuts and 6 cashews b. On tuesday the prices of Peanuts increased and beth bought 7 peanuts and on wednesday as beth bought the peanuts and the price of the peanuts unaffetcted beth was as happy as on monday keeping in view of the possession the peanuts. c. M: Beth's monday was good as she bough 4 peanuts and 6 cashews with the available budget. T: On tuesday the prices of the peanuts were up and cashew are down, whihc made beth bought 7 peanuts W: On wedneday beth was happy as the prices remained unaffected as they were on tuesday and Beth is holding a total of 11 peanuts and 6 cashews, whihc of the same may lead to profits as peanuts are highly consumed good compaed to cashew.