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 28 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

EAN94

  • Member
  • Posts: 307
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Telomere length is related to the amount of time adults spend in leisure time activity. Source: Ada Telomere length is related to the amount of time adults spend in leisure time activity. Source: Ada
The More Things Change, The More They Say the Same: Dividing the Nation's Income The More Things Change, The More They Say the Same: Dividing the Nation's Income
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Household Income in the United States by Quintiles, 2009 Household Income in the United States by Quintiles, 2009
Income Inequality in the United States: 1947–2009 Income Inequality in the United States: 1947–2009
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Video: ACTH/Cortisol (glycogenolysis, protein catabolism, lipolysis and gluconeogenesis)

For a complete list of videos, visit our video library