This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Melissa has an income of 240 a month to spend on tennis lessons and concert tickets. The price of a ... (Read 114 times)

tichca

  • Hero Member
  • *****
  • Posts: 554
on: Jun 29, 2018
Melissa has an income of 240 a month to spend on tennis lessons and concert tickets. The price of a tennis lesson is 20, and the price of a concert ticket is 40.
 
  If the quantity of tennis lessons is QT, and the quantity of concert tickets is QC, Melissa's budget line equation is A) QC = 6 - 0.5QT.
  B) QC = 12 - 2QT.
  C) QC = 240 - 40QT.
  D) QC = 20 + 40QT.

Question 2

To help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment. Using the above figure, how much deadweight loss results from this tax on sports equipment?
 
  A) cbd
  B) ced
  C) abd
  D) acd


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

swimkari

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


tichca

  • Member
  • Posts: 554
Reply 2 on: Jun 29, 2018
Excellent

robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Regional Variation in Income and Access to the Sea Regional Variation in Income and Access to the Sea
Saving Rates by Income Quintile, 2003 Saving Rates by Income Quintile, 2003
6 month old baby in highchair eating 6 month old baby in highchair eating
Tennis Tennis
Tennis Tennis
Video: DNA Replication Factory and Protein

For a complete list of videos, visit our video library