GoldRush18
  • GoldRush18
Suppose Sandra has $16.00 to spend only on ripe bananas and plums. Ripe bananas cost $0.80 each and plums cost $0.20 each. a. write down the algebraic equation for sandra's budget constraint b. if sandra buys only ripe bananas, calculate how many bananas can be bought? c. if sandra buys only plums, calculate how many plums can be bought? d if sandra were to buy 12 ripe bananas, how many plums could be bought with the funds left over? e. if sandra consumes one less ripe banana (i.e 11) how many more plums could be bought? f. is the rate of trade off the same no matter how many ripe bananas are relinquished? g. calculate the opportunity cost of ripe bananas for sandra? h. calculate the opportunity cost of ripe plums for sandra? i. graph the sandra's budget showing the points mentioned in a-d
Finance
chestercat
  • chestercat
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anonymous
  • anonymous
is it mutiple choice anser like choicing the answer or is it like come up wit a equation
GoldRush18
  • GoldRush18
its not multiple choice , i have to answer each part with an equation
anonymous
  • anonymous
ok um wow got alot of writing to do

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GoldRush18
  • GoldRush18
yea so u don't understand how to do this?
GoldRush18
  • GoldRush18
u there?
anonymous
  • anonymous
Hi!! I don't know if i understood right, but i think in letter b* the answer is 20 bananas. ($16/ $ 0.80). Is it?
GoldRush18
  • GoldRush18
yes it is
anonymous
  • anonymous
=)) So, the answer of C is 80 ( $16/$0.2)
GoldRush18
  • GoldRush18
yes

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