The budget constraint of Antoni based on the information is <u>25f + 50e = 200</u>
The budget constraint simply means a boundary of the opportunity cost. It represents all the combinations of goods that a person will buy at a price based on the income that the person has.
Based on the information given,
<em>Income = $200</em>
<em>Cost of food platters = $25 each </em>
<em>Cost of entertainment = $50 per hour</em>
Therefore, the budget constraint based on the above will be 25f + 50e = 200 where<em> f = food platters and e = entertainment.</em>
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Answer: 50,000,000 Pakistani rupees (PKR)
Explanation:
The company wants to raise enough money in Pakistani rupees to match a million American dollars.
The rate is a Rupee to $0.02.
A million dollars will be:
= 1,000,000/0.02
= 50,000,000 Pakistani rupees (PKR)
Solution:
Given,
Sandra's family's monthly net income = 6654
Family decides to increase the savings budget by 3%
Decreasing one of the variable expenses by 3%
If the family decreases the clothing budget by 3 percent,
then $466 would have to spend ( Rounded the nearest dollar )
Answer:
Option C is correct
Explanation:
Because of the steep differential in the price would psychologically push the runners to run faster in order to earn the highest price.