Review Chapter 5 - Econ 221 Winter 2008 Williamson Review...

Info icon This preview shows pages 1–31. Sign up to view the full content.

View Full Document Right Arrow Icon
Econ 221 Winter, 2008 Williamson Review of Chapter 5 1)
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Jane has $500 a week to spend on food ( f ) and clothing ( c ). The price of food is $10 and the price of clothing is $25. What is the equation for Jane ʹ s budget constraint? A)
Image of page 2
f + c < $500
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
B) $10f + $25c ≥ $500
Image of page 4
$10f + $25c = $500
Image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
D) $10f /$25c = $500 Refer to the information provided in Figure 6.3 below to answer the questions that follow. Figure 6.3 2 )
Image of page 6
cassette tapes increased.
Image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
B) CDs decreased.
Image of page 8
CDs increased.
Image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
D) cass ette tapes decreased. Refer to the information provided in Table 6.1 below to answer the questions that follow. Table 6.1 3 )
Image of page 10
10.
Image of page 11

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
B)
Image of page 12
15.
Image of page 13

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
C)
Image of page 14
35.
Image of page 15

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
D) 5 5 .  
Image of page 16
first
Image of page 17

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
B)
Image of page 18
second
Image of page 19

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
C)
Image of page 20
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern