(SOLVED) Ralph usually buys one pizza and two colas from

the
Ralph usually buys one pizza and two colas from the Ralph usually buys one pizza and two
colas from the local pizzeria. The pizzeria announces a special: All pizzas after the first one are
half- price. Show the original and new budget line. What can you say about the bundle […]

Suppose we change Q A 4 4 so that Max and Suppose we change Q& A 4.4 so that Max and
Bob have indifference curves that are convex to the origin. Use a figure to discuss how the
different slopes of their budget lines affect the choices they make. Can […]

Gasoline is typically less expensive in the United States than Gasoline is typically less
expensive in the United States than across the border in Canada but now suppose that U. S.
gasoline price rises above that in Canada due to a change in taxes. How would the gasoline-
purchasing behavior of […]

Lucas chooses between water and all other goods If he Lucas chooses between water and all
other goods. If he spends all his money on water, he can buy 15 thousand gallons per week. At
current prices, his optimal bundle is e1, where he buys both types of goods. Show […]

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Nadia likes spare ribs R and fried chicken C Her Nadia likes spare ribs, R, and fried chicken, C.
Her utility function is U = 10R2C. Her marginal utilities are MUR = 20RC and MUC = 10R2. Her
weekly income is $ 90, which she spends on only ribs and […]

Alexander spends all his money on chocolate bars and songs Alexander spends all his money
on chocolate bars and songs that he downloads. The price of a chocolate bar and of a song is $
1 each. His parents give him an allowance of $ 50 and four chocolate bars […]

Yuka consumes mangos and oranges She is given four mangos Yuka consumes mangos and
oranges. She is given four mangos and three oranges. She can buy or sell mangos for $ 2
each. Similarly, she can buy or sell an orange for $ 1. If Yuka has no other source […]

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