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Sandra uses two mobile cell phones( a digicel and a lime phone), to make her monthly calls. Sandra budget only $7000 on telephone calls per month and the cost per minute for digicel and lime are $5.00 and $7.00 respectively.
a. Write down the algebraic equation for Sandra's budget constraint.
b. Graph then Sandra's budget constraint. ( the budget constraint intercepts should be shown clearly on the graph)
c. How will an increase in the cost per minute for digicel call affect the budget line's y_intercept, xintercept and the slope?
 one year ago
 one year ago
Sandra uses two mobile cell phones( a digicel and a lime phone), to make her monthly calls. Sandra budget only $7000 on telephone calls per month and the cost per minute for digicel and lime are $5.00 and $7.00 respectively. a. Write down the algebraic equation for Sandra's budget constraint. b. Graph then Sandra's budget constraint. ( the budget constraint intercepts should be shown clearly on the graph) c. How will an increase in the cost per minute for digicel call affect the budget line's y_intercept, xintercept and the slope?
 one year ago
 one year ago

This Question is Closed

ChmEBest ResponseYou've already chosen the best response.1
a) 7000 = 5x + 7y , where x is digicel and y is lime
 one year ago

GoldRush18Best ResponseYou've already chosen the best response.1
i had that for a and i thought mine was wrong, now im understanding :)
 one year ago

ChmEBest ResponseYou've already chosen the best response.1
it could be 7000 > 5x + 7y
 one year ago

ChmEBest ResponseYou've already chosen the best response.1
because she can't go over but can be under
 one year ago

GoldRush18Best ResponseYou've already chosen the best response.1
bcuz the 7000 is her budget
 one year ago

GoldRush18Best ResponseYou've already chosen the best response.1
so wat about part b and c
 one year ago

ChmEBest ResponseYou've already chosen the best response.1
part b is asking for a budget constraint line and part be also said equation for budget restraint. I would put 7000 = 7x + 5y as the answer for part a because that is the restraint line. Something that she can't go over
 one year ago

ChmEBest ResponseYou've already chosen the best response.1
part b is kinda difficult. You should solve for y so the equation is in y = mx + b form then you can graph it. label your axis according to what cell phone. So if we solve for y, the y axis will be the lime phone
 one year ago

ChmEBest ResponseYou've already chosen the best response.1
part c I would just pick an increased amount for the cost per minute. graph that as well, and you should easily be able to see the differences from there
 one year ago

ChmEBest ResponseYou've already chosen the best response.1
let me know what you got solving for y or x and I'll check you. You should be fine from there
 one year ago

GoldRush18Best ResponseYou've already chosen the best response.1
oh im not good at graphs thats why i need the help
 one year ago

GoldRush18Best ResponseYou've already chosen the best response.1
ok i got y=1000 and x=1400
 one year ago

ChmEBest ResponseYou've already chosen the best response.1
so those are the intercepts, What is the equation?
 one year ago

GoldRush18Best ResponseYou've already chosen the best response.1
dw:1351254063633:dw
 one year ago

ChmEBest ResponseYou've already chosen the best response.1
7000 = 5x + 7y 7000  5x = 7y 1000  (5/7)x = y The graph looks correct.
 one year ago

ChmEBest ResponseYou've already chosen the best response.1
lets change the cost of digicel to 10 for easy math sake
 one year ago

ChmEBest ResponseYou've already chosen the best response.1
7000 = 10x + 7y (0,1000) (700,0)
 one year ago

ChmEBest ResponseYou've already chosen the best response.1
So what do you think the answers are for c
 one year ago

GoldRush18Best ResponseYou've already chosen the best response.1
i think that as the cost per minute for digicel increase then the budget line will become steeper, is it?
 one year ago

ChmEBest ResponseYou've already chosen the best response.1
Because the x and y can easily be switched between the diff cell phones make sure you are stating your assumption of what x and y are along the way. You shouldn't be wrong because it doesn't say what each should be. That is correct. Technically it gets more negative. laymen's term steeper. What about the intercepts?
 one year ago

GoldRush18Best ResponseYou've already chosen the best response.1
ok thanks i knw what u mean but im not sure how to explain it in terms of intercepts.
 one year ago

ChmEBest ResponseYou've already chosen the best response.1
Look at the lime intercept of the 2 graphs. Do they change? same for the digicel, do they change
 one year ago

GoldRush18Best ResponseYou've already chosen the best response.1
ok the y axis which is lime does not change but the x axis which is digicel changes when price increase, im trying to answer
 one year ago

ChmEBest ResponseYou've already chosen the best response.1
correct for lime, it stays the same. How does the digicel change
 one year ago

GoldRush18Best ResponseYou've already chosen the best response.1
the digicel changes because there was an increase in the cost.
 one year ago

ChmEBest ResponseYou've already chosen the best response.1
correct but in what way does it change? That is how you need to answer this question
 one year ago

GoldRush18Best ResponseYou've already chosen the best response.1
oh the x intercept decreases
 one year ago

ChmEBest ResponseYou've already chosen the best response.1
right. Good job and good luck
 one year ago

GoldRush18Best ResponseYou've already chosen the best response.1
omg thank u so much, im understanding so much better now
 one year ago

ChmEBest ResponseYou've already chosen the best response.1
What are your other questions?
 one year ago

GoldRush18Best ResponseYou've already chosen the best response.1
do u have an email address, its in a word document
 one year ago

ChmEBest ResponseYou've already chosen the best response.1
wow that assignment is awful
 one year ago

GoldRush18Best ResponseYou've already chosen the best response.1
i know right, and its like we have to research it because they haven't though us as yet
 one year ago

ChmEBest ResponseYou've already chosen the best response.1
is this due on monday? If this my my assignment I'd be all over google. Even copy and past questions in. Sometimes you get lucky.
 one year ago

ChmEBest ResponseYou've already chosen the best response.1
I took econ 3 years ago. I can't remember the other questions sry.
 one year ago
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