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GoldRush18
 3 years 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?
GoldRush18
 3 years 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?

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anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0a) 7000 = 5x + 7y , where x is digicel and y is lime

GoldRush18
 3 years ago
Best ResponseYou've already chosen the best response.1i had that for a and i thought mine was wrong, now im understanding :)

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0it could be 7000 > 5x + 7y

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0because she can't go over but can be under

GoldRush18
 3 years ago
Best ResponseYou've already chosen the best response.1bcuz the 7000 is her budget

GoldRush18
 3 years ago
Best ResponseYou've already chosen the best response.1so wat about part b and c

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0part 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

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0part 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

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0part 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

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0let me know what you got solving for y or x and I'll check you. You should be fine from there

GoldRush18
 3 years ago
Best ResponseYou've already chosen the best response.1oh im not good at graphs thats why i need the help

GoldRush18
 3 years ago
Best ResponseYou've already chosen the best response.1ok i got y=1000 and x=1400

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0so those are the intercepts, What is the equation?

GoldRush18
 3 years ago
Best ResponseYou've already chosen the best response.1dw:1351254063633:dw

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.07000 = 5x + 7y 7000  5x = 7y 1000  (5/7)x = y The graph looks correct.

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0lets change the cost of digicel to 10 for easy math sake

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.07000 = 10x + 7y (0,1000) (700,0)

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0dw:1351258124097:dw

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0So what do you think the answers are for c

GoldRush18
 3 years ago
Best ResponseYou've already chosen the best response.1i think that as the cost per minute for digicel increase then the budget line will become steeper, is it?

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Because 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?

GoldRush18
 3 years ago
Best ResponseYou've already chosen the best response.1ok thanks i knw what u mean but im not sure how to explain it in terms of intercepts.

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0Look at the lime intercept of the 2 graphs. Do they change? same for the digicel, do they change

GoldRush18
 3 years ago
Best ResponseYou've already chosen the best response.1ok the y axis which is lime does not change but the x axis which is digicel changes when price increase, im trying to answer

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0correct for lime, it stays the same. How does the digicel change

GoldRush18
 3 years ago
Best ResponseYou've already chosen the best response.1the digicel changes because there was an increase in the cost.

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0correct but in what way does it change? That is how you need to answer this question

GoldRush18
 3 years ago
Best ResponseYou've already chosen the best response.1oh the x intercept decreases

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0right. Good job and good luck

GoldRush18
 3 years ago
Best ResponseYou've already chosen the best response.1omg thank u so much, im understanding so much better now

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0What are your other questions?

GoldRush18
 3 years ago
Best ResponseYou've already chosen the best response.1do u have an email address, its in a word document

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0wow that assignment is awful

GoldRush18
 3 years ago
Best ResponseYou've already chosen the best response.1i know right, and its like we have to research it because they haven't though us as yet

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0is 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.

anonymous
 3 years ago
Best ResponseYou've already chosen the best response.0I took econ 3 years ago. I can't remember the other questions sry.
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