How do you find the slope of the budget line when an income and price of two goods are given?
Q. Example, suppose the price of X is $2, the price of Y is $3, and the consumer s income is $50. If X is plotted on the horizontal axis, what is the slope of the budget line?
Asked by How To Save A Life - Mon Jul 27 01:03:03 2009 - - 1 Answers - 0 Comments
A. 2x + 3 y <= 50 where x is quantity of X, y is quantity of Y y <= - 2/3 + 50 / 3 So, the slope of the budget line is - 2 / 3.
Answered by Sasaki - Thu Jul 30 06:21:10 2009
Q. Example, suppose the price of X is $2, the price of Y is $3, and the consumer s income is $50. If X is plotted on the horizontal axis, what is the slope of the budget line?
Asked by How To Save A Life - Mon Jul 27 01:03:03 2009 - - 1 Answers - 0 Comments
A. 2x + 3 y <= 50 where x is quantity of X, y is quantity of Y y <= - 2/3 + 50 / 3 So, the slope of the budget line is - 2 / 3.
Answered by Sasaki - Thu Jul 30 06:21:10 2009
Obama promised to CUT SPENDING and to go through the budget LINE by LINE, so why did he increase spending?
Q. Just curious how you can cut spending dramatically, and then go through the budget line by line, yet government spending is increased by 28% ?
Asked by Touche' - Tue Mar 16 20:51:46 2010 - - 25 Answers - 0 Comments
A. Because it created 40 million jobs and /or saved. Also ex Iranian boss that stiffed us in the end told us an old saying from his Home. A scorpion asked a frog to ride him across the river. Frog said know as he would sting him and kill him. Scorpion said oh no it would kill me too. So frog started across river with scorpion on back, mid way scorpion stung him. Frog asked why and was told it's my way. It is the way of bO he got in politics by having shady deal and people kicked off ballot so he ran against no one, set up deal in gerrymandered district. Entire deal up there in chicago in those areas are set up to do nothing but bs people and steal. Thus he stung them.
Answered by Marshall - Fri Mar 19 18:13:08 2010
Q. Just curious how you can cut spending dramatically, and then go through the budget line by line, yet government spending is increased by 28% ?
Asked by Touche' - Tue Mar 16 20:51:46 2010 - - 25 Answers - 0 Comments
A. Because it created 40 million jobs and /or saved. Also ex Iranian boss that stiffed us in the end told us an old saying from his Home. A scorpion asked a frog to ride him across the river. Frog said know as he would sting him and kill him. Scorpion said oh no it would kill me too. So frog started across river with scorpion on back, mid way scorpion stung him. Frog asked why and was told it's my way. It is the way of bO he got in politics by having shady deal and people kicked off ballot so he ran against no one, set up deal in gerrymandered district. Entire deal up there in chicago in those areas are set up to do nothing but bs people and steal. Thus he stung them.
Answered by Marshall - Fri Mar 19 18:13:08 2010
what is budget line in case of micro economics theory?
Q. what is budget line in case of micro economics theory?
Asked by Jebril - Tue Jun 1 16:29:46 2010 - - 1 Answers - 0 Comments
A. the budget line is the total amount of money a consumer is has to spend on 2 goods. This line looks exactly like a supply curve. The price of the goods and the income of the consumer are the constraints that limit the consumer from buying how much he really wants. He has to decide on the correct combination of the goods to buy and this would happen where the budget line is tangent to the indifference curve.
Answered by Ryan - Wed Jun 2 10:17:18 2010
Q. what is budget line in case of micro economics theory?
Asked by Jebril - Tue Jun 1 16:29:46 2010 - - 1 Answers - 0 Comments
A. the budget line is the total amount of money a consumer is has to spend on 2 goods. This line looks exactly like a supply curve. The price of the goods and the income of the consumer are the constraints that limit the consumer from buying how much he really wants. He has to decide on the correct combination of the goods to buy and this would happen where the budget line is tangent to the indifference curve.
Answered by Ryan - Wed Jun 2 10:17:18 2010
Utility maximization point on a quantity discount budget constraint line?
Q. Where is the utility maximization point on a budget constraint that includes quantity discounts. The budget constraint line will have a kink in it at the point where the quantity discount takes effect. Where is the utility maximization point? Can it be anywhere on the curve? Does it occur at the kink? Does it occur at the endpoints? Please let me know. Thanks! I'm not given a utility function, I'm just given a budget constraint. What I meant by "anywhere on the curve" is, can the utility maximization point on the budget line be anywhere?
Asked by augustuscaesar - Mon Jan 18 17:24:23 2010 - - 1 Answers - 0 Comments
A. The utility maximization point for a budget constraint which includes quantity discounts will still depend on your utility curve. Without specific numbers or your utility function it is slightly difficult to explain. Your utility maximaztion will STILL be that point or points of intersection of your budget constraint and your farthest north east utility curve. Depending on your utility function it may occur at the kink, but it probably wont. I'm not sure what you mean by "can it be anywhere on the curve", but it can occur anywhere on your given budget constraint depending on your utility function. It can also occur twice, depending on your utility function and how it intersects the budget constraint. Your utility curve may intersect… [cont.]
Answered by Jay T - Mon Jan 18 19:10:26 2010
Q. Where is the utility maximization point on a budget constraint that includes quantity discounts. The budget constraint line will have a kink in it at the point where the quantity discount takes effect. Where is the utility maximization point? Can it be anywhere on the curve? Does it occur at the kink? Does it occur at the endpoints? Please let me know. Thanks! I'm not given a utility function, I'm just given a budget constraint. What I meant by "anywhere on the curve" is, can the utility maximization point on the budget line be anywhere?
Asked by augustuscaesar - Mon Jan 18 17:24:23 2010 - - 1 Answers - 0 Comments
A. The utility maximization point for a budget constraint which includes quantity discounts will still depend on your utility curve. Without specific numbers or your utility function it is slightly difficult to explain. Your utility maximaztion will STILL be that point or points of intersection of your budget constraint and your farthest north east utility curve. Depending on your utility function it may occur at the kink, but it probably wont. I'm not sure what you mean by "can it be anywhere on the curve", but it can occur anywhere on your given budget constraint depending on your utility function. It can also occur twice, depending on your utility function and how it intersects the budget constraint. Your utility curve may intersect… [cont.]
Answered by Jay T - Mon Jan 18 19:10:26 2010
Will Obama still go through the budget line by line to eliminate waste?
Q. One of his campaign promises. He can start with this pork/stimulus bill. I knew that was nonsense when he promised that. And now there are billions and billions of brand new waste.
Asked by Will We Survive Obama? - Thu Feb 19 16:21:12 2009 - - 23 Answers - 0 Comments
A. not enough people were as perceptive as you. those who couldn't believe he was just another liar saw some hope in his hitler like speaking. i would think that this very first stimulus bill would make everyone realize just how dishonest obama is. the question now is will we let him kill any opposition by silencing dissenting media. if he is successful in that then it will be the end of our republic.
Answered by y n - Thu Feb 19 16:34:56 2009
Q. One of his campaign promises. He can start with this pork/stimulus bill. I knew that was nonsense when he promised that. And now there are billions and billions of brand new waste.
Asked by Will We Survive Obama? - Thu Feb 19 16:21:12 2009 - - 23 Answers - 0 Comments
A. not enough people were as perceptive as you. those who couldn't believe he was just another liar saw some hope in his hitler like speaking. i would think that this very first stimulus bill would make everyone realize just how dishonest obama is. the question now is will we let him kill any opposition by silencing dissenting media. if he is successful in that then it will be the end of our republic.
Answered by y n - Thu Feb 19 16:34:56 2009
Do you support a Constitutional amendment requiring a balanced budget? Line item veto?
Q. How much longer can we keep spending money we don't have?
Asked by John in PA - Sun Nov 1 10:17:04 2009 - - 15 Answers - 0 Comments
A. Clinton had the line-item veto for a short while. It was ruled unconstitutional. You would have to figure out a way to design it to pass constitutional muster. The last two presidents to preside over a balanced budget were Democrats -- LBJ and Clinton. We first have to get the country back into decent economic shape, after the excesses and neglect of the Republicans, before we can get back to balanced budgets. It takes a while. Edit: Note that a Republican mayor, Rudi Giuliani, brought the lawsuit that successfully defeated the line-item veto. Also note that Clinton used the same accounting methods that Bush used. While Clinton had budget surpluses and even started to pay down the national debt, Bush had record-setting deficits.… [cont.]
Answered by tribeca_belle - Sun Nov 1 10:27:00 2009
Q. How much longer can we keep spending money we don't have?
Asked by John in PA - Sun Nov 1 10:17:04 2009 - - 15 Answers - 0 Comments
A. Clinton had the line-item veto for a short while. It was ruled unconstitutional. You would have to figure out a way to design it to pass constitutional muster. The last two presidents to preside over a balanced budget were Democrats -- LBJ and Clinton. We first have to get the country back into decent economic shape, after the excesses and neglect of the Republicans, before we can get back to balanced budgets. It takes a while. Edit: Note that a Republican mayor, Rudi Giuliani, brought the lawsuit that successfully defeated the line-item veto. Also note that Clinton used the same accounting methods that Bush used. While Clinton had budget surpluses and even started to pay down the national debt, Bush had record-setting deficits.… [cont.]
Answered by tribeca_belle - Sun Nov 1 10:27:00 2009
Is the budget line in terms of economics useful in illustrating the notion of opportunity cost?
Q. Is the budget line in terms of economics useful in illustrating the notion of opportunity cost?
Asked by ashl2121 - Mon Oct 22 14:50:35 2007 - - 1 Answers - 0 Comments
A. Yes. The equation of the budget line is derived by first expressing that the consumer's income (M) equals his expenditure on good x (the price of x, denoted Px, times the quantity of x, denoted X) plus his expenditure on good y (the price of y, denoted Py, times the quantity of y, denoted Y) as follows: M=PxX+PyY In order to write the equation of this constraint in intercept-slope form where the quantity of y is measured on the vertical axis and the quantity x is measured on the horizontal axis it is algebraically rearranged to yield: Y=(M/Py)-(Px/Py)X Note that the slope of this line is -Px/Py, which measures the opportunity cost of purchasing another unit of x. For example, if Px=$3/unit of x and Py=$2/unit of y, then the slope of… [cont.]
Answered by helper - Mon Oct 22 15:02:43 2007
Q. Is the budget line in terms of economics useful in illustrating the notion of opportunity cost?
Asked by ashl2121 - Mon Oct 22 14:50:35 2007 - - 1 Answers - 0 Comments
A. Yes. The equation of the budget line is derived by first expressing that the consumer's income (M) equals his expenditure on good x (the price of x, denoted Px, times the quantity of x, denoted X) plus his expenditure on good y (the price of y, denoted Py, times the quantity of y, denoted Y) as follows: M=PxX+PyY In order to write the equation of this constraint in intercept-slope form where the quantity of y is measured on the vertical axis and the quantity x is measured on the horizontal axis it is algebraically rearranged to yield: Y=(M/Py)-(Px/Py)X Note that the slope of this line is -Px/Py, which measures the opportunity cost of purchasing another unit of x. For example, if Px=$3/unit of x and Py=$2/unit of y, then the slope of… [cont.]
Answered by helper - Mon Oct 22 15:02:43 2007
If a cosumer's budget line between chicken and rice has a vertical axis intercept at 100 lbs of chicken?
Q. and a horizontal axis intercept at 100 lbs of potatoes. what will happen?
Asked by ashl2121 - Mon Oct 22 15:16:43 2007 - - 1 Answers - 0 Comments
A. In that case, you know that those are your two maximums: you can buy up to 100 lbs of chicken, or you can buy up to 100 lbs of potatoes, or some combination of the two. This means that 100 lbs potatoes = 100 lbs chicken, so the price is the same for both products.
Answered by Dilettante - Mon Oct 22 15:31:06 2007
Q. and a horizontal axis intercept at 100 lbs of potatoes. what will happen?
Asked by ashl2121 - Mon Oct 22 15:16:43 2007 - - 1 Answers - 0 Comments
A. In that case, you know that those are your two maximums: you can buy up to 100 lbs of chicken, or you can buy up to 100 lbs of potatoes, or some combination of the two. This means that 100 lbs potatoes = 100 lbs chicken, so the price is the same for both products.
Answered by Dilettante - Mon Oct 22 15:31:06 2007
Indifference curve & Budget line for a "Perfectly Inelastic" demand curve?
Q. Hi there! I was just wondering, what would the indifference curve and budget constraint lines look like for a completely price inelastic demand curve? Since a perfectly inelastic demand curve consists of a vertical line, how can an indifference curve be drawn? Thanks!
Asked by unknown - Fri Jun 11 02:17:36 2010 - - 1 Answers - 0 Comments
Q. Hi there! I was just wondering, what would the indifference curve and budget constraint lines look like for a completely price inelastic demand curve? Since a perfectly inelastic demand curve consists of a vertical line, how can an indifference curve be drawn? Thanks!
Asked by unknown - Fri Jun 11 02:17:36 2010 - - 1 Answers - 0 Comments
Beginning at the vertical axis intercept, as a consumer moves down the budget line, what will happen?
Q. in terms of the marginal utility per dollar spent?
Asked by ashl2121 - Wed Oct 24 02:55:42 2007 - - 2 Answers - 0 Comments
A. His utility will increase but his marginal utility will decrease until he reaches the tangent point with his utility curve.
Answered by meg - Wed Oct 24 06:19:53 2007
Q. in terms of the marginal utility per dollar spent?
Asked by ashl2121 - Wed Oct 24 02:55:42 2007 - - 2 Answers - 0 Comments
A. His utility will increase but his marginal utility will decrease until he reaches the tangent point with his utility curve.
Answered by meg - Wed Oct 24 06:19:53 2007
Is 0bama done going through budget line by line getting rid of waste like he promised?
Q. Is 0bama done going through budget line by line getting rid of waste like he promised?
Asked by Cigar that Bill Clinton Sniffs - Tue Jan 19 10:17:09 2010 - - 9 Answers - 0 Comments
A. No that was just one more little white lie.
Answered by White Bear - Tue Jan 19 10:20:32 2010
Q. Is 0bama done going through budget line by line getting rid of waste like he promised?
Asked by Cigar that Bill Clinton Sniffs - Tue Jan 19 10:17:09 2010 - - 9 Answers - 0 Comments
A. No that was just one more little white lie.
Answered by White Bear - Tue Jan 19 10:20:32 2010
How much is a bottom line budget for internet advertising for online based companies?
Q. How much is a bottom line budget for internet advertising for online based companies?
Asked by typhillips2001 - Tue Feb 3 22:57:10 2009 - - 2 Answers - 0 Comments
Q. How much is a bottom line budget for internet advertising for online based companies?
Asked by typhillips2001 - Tue Feb 3 22:57:10 2009 - - 2 Answers - 0 Comments
5) Define a budget line. What would you say about its slope?
Q. 5)Define a budget line. What would you say about its slope? from fundamental of economics.
Asked by Miswer K - Sat May 16 11:39:28 2009 - - 1 Answers - 0 Comments
A. Budget line is the line drawn from ones pocket up to drain.Slope depends on the height of the person and the drain location..
Answered by unknown - Sun May 17 06:57:53 2009
Q. 5)Define a budget line. What would you say about its slope? from fundamental of economics.
Asked by Miswer K - Sat May 16 11:39:28 2009 - - 1 Answers - 0 Comments
A. Budget line is the line drawn from ones pocket up to drain.Slope depends on the height of the person and the drain location..
Answered by unknown - Sun May 17 06:57:53 2009
What's the point where the budget line and indifference curve meet stands for?
Q. What does it indicates?thz
Asked by euniceee - Sun Nov 12 18:12:01 2006 - - 3 Answers - 0 Comments
A. In the general case: The budget line shows the combinations of goods and services you can afford to buy given your income and the prices of goods. The indifference curve shows the combinations of goods and services that you are indifferent to having: you trade of some of one good for some of the other, and that leaves you equally satisfied. Your aim is to reach the highest possible indifference curve, given your budget constraint. (The higher the indifference curve, the more of stuff you have, and the higher your satisfaction). The point where the budget line just touches the indifference curve (technically the BL is tangential to the IC) shows you the combination of the goods and services you an afford that gives you the highest… [cont.]
Answered by ekonomix - Sun Nov 12 22:22:42 2006
Q. What does it indicates?thz
Asked by euniceee - Sun Nov 12 18:12:01 2006 - - 3 Answers - 0 Comments
A. In the general case: The budget line shows the combinations of goods and services you can afford to buy given your income and the prices of goods. The indifference curve shows the combinations of goods and services that you are indifferent to having: you trade of some of one good for some of the other, and that leaves you equally satisfied. Your aim is to reach the highest possible indifference curve, given your budget constraint. (The higher the indifference curve, the more of stuff you have, and the higher your satisfaction). The point where the budget line just touches the indifference curve (technically the BL is tangential to the IC) shows you the combination of the goods and services you an afford that gives you the highest… [cont.]
Answered by ekonomix - Sun Nov 12 22:22:42 2006
how does a decrease in price affect the budget line and the utility maximizing points?
Q. how does a decrease in price affect the budget line and the utility maximizing points?
Asked by khokha_babe_daloo3a - Wed Mar 14 16:40:06 2007 - - 1 Answers - 0 Comments
A. Decrease in price might increase sales volume and efficient use of assets.
Answered by unknown - Sun Mar 18 04:01:01 2007
Q. how does a decrease in price affect the budget line and the utility maximizing points?
Asked by khokha_babe_daloo3a - Wed Mar 14 16:40:06 2007 - - 1 Answers - 0 Comments
A. Decrease in price might increase sales volume and efficient use of assets.
Answered by unknown - Sun Mar 18 04:01:01 2007
help with a budget line?
Q. you have $100 to buy supplies. Paper cost $10/ 1000 sheets and ink ribbons cost $5 (needed after 2000 sheets). can someone help me what the budget line will look like?
Asked by Deuce - Tue Feb 27 12:58:18 2007 - - 1 Answers - 0 Comments
A. 8,000 Sheets of paper $10/1000 --- $80.00 5 Ribbons (1/2,000 sheets) --- 20.00 Total Office expense ---100.00 QED. . . .quod erat demostrandum
Answered by Bareasskmeagain - Tue Feb 27 13:17:36 2007
Q. you have $100 to buy supplies. Paper cost $10/ 1000 sheets and ink ribbons cost $5 (needed after 2000 sheets). can someone help me what the budget line will look like?
Asked by Deuce - Tue Feb 27 12:58:18 2007 - - 1 Answers - 0 Comments
A. 8,000 Sheets of paper $10/1000 --- $80.00 5 Ribbons (1/2,000 sheets) --- 20.00 Total Office expense ---100.00 QED. . . .quod erat demostrandum
Answered by Bareasskmeagain - Tue Feb 27 13:17:36 2007
What's best budget air line to travel within Europe?
Q. Hi I want to travel within Europe. What would be the recommended air line? Eg My Air? Ryan Air? Easy Jet? or other? Thanks for any help.
Asked by power - Wed May 27 17:28:26 2009 - - 4 Answers - 0 Comments
A. There is no single best budget airline here; there are many budget airlines. It will depend on where you're starting from and where you want to end up. These are a couple of excellent resources for finding budget flights: , . The second one is particularly good if you want to find all the options flying into a given airport.
Answered by conley39 - Thu May 28 05:56:16 2009
Q. Hi I want to travel within Europe. What would be the recommended air line? Eg My Air? Ryan Air? Easy Jet? or other? Thanks for any help.
Asked by power - Wed May 27 17:28:26 2009 - - 4 Answers - 0 Comments
A. There is no single best budget airline here; there are many budget airlines. It will depend on where you're starting from and where you want to end up. These are a couple of excellent resources for finding budget flights: , . The second one is particularly good if you want to find all the options flying into a given airport.
Answered by conley39 - Thu May 28 05:56:16 2009
Can anyone guess what the biggest line item in the Federal Budget is?
Q. Just about everyone is going to guess that it's Military Spending or Entitlement Programs, but they're going to be wrong. It's been growing since the 1940's with a brief interruption during the Second Clinton Administration and it affects the Ecomony to a vast extent--although hardly anybody ever talks about it. I won't comment until just before I choose a best answer.
Asked by madpol1 - Tue Nov 6 12:06:33 2007 - - 15 Answers - 0 Comments
A. In Fiscal Year 2006, the U. S. Government spent $406 Billion of your money on interest payments to the holders of the National Debt. Compare that to NASA at $15 Billion, Education at $61 Billion, and Department of Transportation at $56 Billion. budget pie chart
Answered by strattz - Tue Nov 6 12:11:30 2007
Q. Just about everyone is going to guess that it's Military Spending or Entitlement Programs, but they're going to be wrong. It's been growing since the 1940's with a brief interruption during the Second Clinton Administration and it affects the Ecomony to a vast extent--although hardly anybody ever talks about it. I won't comment until just before I choose a best answer.
Asked by madpol1 - Tue Nov 6 12:06:33 2007 - - 15 Answers - 0 Comments
A. In Fiscal Year 2006, the U. S. Government spent $406 Billion of your money on interest payments to the holders of the National Debt. Compare that to NASA at $15 Billion, Education at $61 Billion, and Department of Transportation at $56 Billion. budget pie chart
Answered by strattz - Tue Nov 6 12:11:30 2007
Both the price of oranges and bananas decrease by 25%, how does this affect the slope of the budget line?
Q. Both the price of oranges and bananas decrease by 25%, how does this affect the slope of the budget line?
Asked by Mike T - Mon Feb 15 20:17:18 2010 - - 1 Answers - 0 Comments
A. It doesn't. The proportional drop would just shift the budget line outward.
Answered by Homer J. Simpson - Mon Feb 15 20:29:23 2010
Q. Both the price of oranges and bananas decrease by 25%, how does this affect the slope of the budget line?
Asked by Mike T - Mon Feb 15 20:17:18 2010 - - 1 Answers - 0 Comments
A. It doesn't. The proportional drop would just shift the budget line outward.
Answered by Homer J. Simpson - Mon Feb 15 20:29:23 2010
Given a utility function as U=f(q1q2) & Consumer Budget line as Y=p1q1+p2q2.Show how a consumer maximises U.?
Q. Economics Assignment. Given a utility function as U = f(q1q2) and Consumer Budget line as Y = p1q1 + p2q2. (a) Show how a consumer maximises utility. (b) Given U = f(q1q2), explain the rate of commodity substitution.
Asked by Godwin E - Thu Feb 1 15:49:18 2007 - - 2 Answers - 0 Comments
A. Get the derivate of U for q1 then the derivate of U for q2 then then form a system of equations using the two derivates and the constraint. And solve for q1 and q2 the prices must be given and the income(Y) must be given too. The rate of commodity substitution i think refers to the relative prices between the goods, which is how much of one good you have to exchange to get another unit of the other good and viceverse.
Answered by ganapan7 - Thu Feb 1 18:10:50 2007
Q. Economics Assignment. Given a utility function as U = f(q1q2) and Consumer Budget line as Y = p1q1 + p2q2. (a) Show how a consumer maximises utility. (b) Given U = f(q1q2), explain the rate of commodity substitution.
Asked by Godwin E - Thu Feb 1 15:49:18 2007 - - 2 Answers - 0 Comments
A. Get the derivate of U for q1 then the derivate of U for q2 then then form a system of equations using the two derivates and the constraint. And solve for q1 and q2 the prices must be given and the income(Y) must be given too. The rate of commodity substitution i think refers to the relative prices between the goods, which is how much of one good you have to exchange to get another unit of the other good and viceverse.
Answered by ganapan7 - Thu Feb 1 18:10:50 2007
From Yahoo Answer Search: 'Budget line'
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Southern Pines Pilot
Isn't it time for another school - supported bond referendum for slush funds on a non- budget line item like the one(s) for Sandhills? ...
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Manager John Chattin says depending on the size of the state s aid cuts Bemidji and other cities may have to reevaluate what services they can afford to offer their citizens Photo Bemidji City Finance Director Ron Eischens says he s gone line by line through the city budget Eischens says there s little fat to trim
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Portsmouth the School Board voted unanimously Thursday night to send a $37258943 . budget. request representing a 2.8 percent increase over the current fiscal year to the City Council.
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