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Author Question: Melissa has an income of 240 a month to spend on tennis lessons and concert tickets. The price of a ... (Read 38 times)

tichca

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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


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swimkari

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


tichca

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

upturnedfurball

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Reply 3 on: Yesterday
Excellent

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