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Flauer [41]
3 years ago
13

Edmund must pay $6 each for punk rock video cassettes, ????. Edmund is paid $24 per sack for accepting garbage, ????, and his re

latives send him an allowance of $48. Write an equation for Edmund’s budget line.
Business
1 answer:
Reil [10]3 years ago
7 0

Answer:

The equation for Edmund's budget line is 6C - 24G = 48

Explanation:

A budget line shows all possible combinations of two commodities that a consumer can buy at a given income level and at given market prices of commodities. The equation of the budget line is as follows.

M = (Px).X + {Py).Y where

M = Income

Px = Price of commodity X

X = Units of commodity X purchased

Py = Price of commodity Y

Y = Units of commodity Y purchased

In this question, Edmund's income is $48. Let C represent the units of punk rock video cassettes that he buys. Each one costs $6.

In addition, rather than spending on another commodity, he earns $24 per sack for accepting garbage. Let G represent the number of garbage sacks he accepts. Putting these values in the above equation, we have:

48 = 6C - 24G

Rearranging the equation, we have the final answer, which is:

6C - 24G = 48

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Answer:Flint corporation journal $

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Explanation:

Shares can be issued at par, premium or discount. When it's issued at it's nominal value it's said to be issued at par, when it's issued above it's nominal value it's said to be issued at a premium and when it's issued below par it's said to issued at a discount.

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Online retailers lose approximately 25% of their customers every year. Unfortunately, due to the highly competitive camping gear
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Answer:

CLV =  [(GC * r) / (1 + i - r)] - AC]

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lyudmila [28]

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$280

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