1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Cloud [144]
3 years ago
12

Each person tries to balance his or her time between leisure and work. The tradeoff is that as you work less your income falls.

Therefore each person has indifference curves which connect the number of hours of leisure, l, and income, s. If, for example, you are indifferent between 0 hours of leisure and an income of $1125 a week on the one hand, and 10 hours of leisure and an income of $750 a week on the other hand, then the points l = 0, s = 1125, and l = 10, s = 750 both lie on the same indifference curve.
The table below gives information on three indifference curves, I, II, and III.
Weekly Income Weekly Leisure Hours
I II III I II III
1125 1250 1375 0 20 40
750 875 1000 10 30 50
500 625 750 20 40 60
375 500 625 30 50 70
250 375 500 50 70 90
(a) On a sheet of paper, or using a calculator or other technology, graph the three indifference curves. (You will need these to answer part (d) of this problem.)(b) You have 95 hours a week available for work and leisure combined, and you earn $21.45/hour. Write an equation in terms of l and s which represents this constraint. (c) Graph this constraint with your graph of the indifference curves.(d) Estimate from the graph what combination of leisure hours and income you would choose under these circumstances. What is the corresponding number of hours per week you would work?
Mathematics
1 answer:
ludmilkaskok [199]3 years ago
3 0

Answer:

.............gcg................

You might be interested in
What's another name for a dog kennel?
ladessa [460]
Cage.....dog travel kit..... shelter.....pound.... it really depends on what you mean by dog kennel.
3 0
3 years ago
What is the average rate of change of h(x) over the interval -13
Ludmilka [50]
The average rate of change of h(x) in the closed interval [ a, b ] is

Here [a, b ] = [ - 2, 2 ], thus
f(b) = f(2) = × 2³ - 2² = 1 - 4 = - 3
f(a) = × (- 2)³ - (- 2)² = - 1 - 4 = - 5
average rate of change = = =
5 0
3 years ago
What are some ratios that are equivalent to 5/7
lesya692 [45]
10/14, 15/21, 20/28, 25/35

Just multiply numerator and denominator by the same number
5 0
3 years ago
Read 2 more answers
Anyone know it <br> will give you a 50points
netineya [11]

Answer:

Below.(0)

Step-by-step explanation:

Step by step.

So we know that the tens digit is after the ones place so?

The ones are 6. That means the digit in the tens place is

0.

8 0
2 years ago
Read 2 more answers
PLEASE HELP I REALLY NEED THE ANSWER AND I WOULD APPRECIATE IT(NO SPAMMING) I WANT TO FIND THE PERIMETER NOT THE AREA!!!
Anna [14]
The perimeter would be 20m:)
7 0
3 years ago
Read 2 more answers
Other questions:
  • A movie theater sells popcorn in bags of different sizes. The table shows the volume of popcorn and the price of the bag.
    8·1 answer
  • How to solve n^2 + 10 - 8 + 80=0
    13·2 answers
  • Can someone please help me with this! I'll do my best to give a lot of points for it!
    5·1 answer
  • HELP WILL GIVE BRAINLIEST TO THE FIRST ANSWER!!!!<br> is 0=0 no solution or all real numbers???
    5·2 answers
  • Combine like terms to simplify the expression:
    5·1 answer
  • Hat is the second step to solving this equation?<br> 9x - 23 = 49
    6·2 answers
  • 10. Amina is currently twice as old as her younger brother,
    11·1 answer
  • Which point on the number line best represents √67?
    12·1 answer
  • How much higher is 8% than 6%
    10·2 answers
  • Which pair of angles are supplementary?
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!