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Author Question: Suppose Ahmoud would spend $1200 per year on travel, even if his annual income were zero. As his ... (Read 42 times)

tyratatyanna

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on: Oct 12, 2022
Suppose Ahmoud would spend $1200 per year on travel, even if his annual income were zero. As his income rises, he would spend 20% of each additional dollar of income on travel. Choose the correct mathematical equation that describes the functional relation between his travel spending (T) and his income (Y).
◦ T = 1200 + 0.2Y
◦ Y = 1200 - 0.2T
◦ T = 1200 + 0.8Y
◦ T = 0.2 + 1200Y
◦ Y = 1200 + 0.2T
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by tyratatyanna on Oct 12, 2022

ealonif

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tyratatyanna

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

Liddy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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