Business, 25.02.2020 18:36 allisonzawodny3533
Abdul spends all of his income on food ( F) and shelter ( S). His budget line is given by the equation 5 F + 20 S = 100. Which of the following consumption bundles is part of his consumption possibilities?a. 8 units of F and 3 units of S
b. 14 units of F and 2 units of S
c. 0 units of F and 6 units of S
d. 20 units of F and 15 units of S
Answers: 1
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Which external factor has enabled addition of special effects in advertisements and tracking of responses of customers over websites?
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One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.
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Abdul spends all of his income on food ( F) and shelter ( S). His budget line is given by the equati...
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