Budget Constraint

Chapter 3 – Budget Lines 1.       Given two goods, shelter and food, with a price of Ps=$5 and Pf=$10 respectively, and M = $100 a.       Suppose price of shelter decreases from $5 to $4/sq yd. Show the effect on the budget constraint. Write out the new budget constraint, find the new slope of the budget line and draw the old and new budget lines.       2.       Given the original budget constraint of $100 = $5S + $10F: a.       Show the effect of a rise in the price of food from $10/lb to $20/lb. Write out the new budget constraint, find the new slope and graph the new budget line.           3.       Given the original budget constraint of $100 = $5 + $10F: a.       Show the effect of a rise in the price of food from $10/lb to $20/lb and a rise in the price of shelter from $5/sq yd to $10/sq yd. Write out the new budget equation, find the new slope and graph the new budget line.       4.       Given: $100 = $5 + $10F a.       Suppose there is an increase in income from $100/wk to $120/wk. Show the effect on a graph. Find the new slope.

Don't use plagiarized sources. Get Your Custom Essay on
Budget Constraint
Get a 15% discount on this Paper
Order Essay
Quality Guaranteed

With us, you are either satisfied 100% or you get your money back-No monkey business

Check Prices
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know that being a student these days is hard. Because of this, our prices are some of the lowest on the market.

Instead, we offer perks, discounts, and free services to enhance your experience.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with My Paper Support
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
Psychology
Good mastery of ABA concepts. Excellent!
Customer 452469, May 14th, 2022
Computer science
extremely happy with the service, again! You guys are the best.
Customer 452715, July 27th, 2022
Literature
Excellent
Customer 452813, July 5th, 2023
Human Resources Management (HRM)
The paper was good but they writing the paper labeling me as a Registered Nurse and I have express this several time so o had to go in make corrections
Customer 452901, April 8th, 2024
Nursing
Work is always perfectly done.
Customer 452707, January 11th, 2024
Social Work and Human Services
Great Work!
Customer 452587, November 2nd, 2021
Human Resources Management (HRM)
Thanks for your support.
Customer 452701, May 10th, 2023
Strategic Management
Thank you very much for the help, really appreciate it
Customer 452821, June 27th, 2022
Human Resources Management (HRM)
Thank you so much.
Customer 452701, August 14th, 2023
Nursing
They so amazing work!!
Customer 452707, January 29th, 2023
ENVIRONMENT SCIENCE
great
Customer 452813, June 26th, 2022
Nursing
Great work! I can tell they put great effort in completing this assignment. Thank you.
Customer 452707, October 14th, 2022
Enjoy affordable prices and lifetime discounts
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Order Now Order in Chat

Ensure originality, uphold integrity, and achieve excellence. Get FREE Turnitin AI Reports with every order.