He saves $ 1.75 each day from his allowance.
<u><em>Explanation</em></u>
The ratio of his savings and expenses is 7 : 5
Lets assume, his savings = 7x dollar and his expenses is 5x dollar
Given that, his daily allowance is $3. So....
So, the amount of his savings each day 
The answer is y = -13/7 + 3x/7
Answer:
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Step-by-step explanation:
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Answer:
Maylin should purchase one unit of each socks & jogging shorts.
Step-by-step explanation:
In case of two goods, consumer is at equilibrium when marginal utility per dollar spent on last unit of the goods are equal, ie MU 1 / P1 = MU 2 / P2 (MU are the marginal utilities / marginal benefit of two goods, P are the price of two goods)
Given : MU1 (So) = 20, MU2 (JSh) = 30, P1 (So) = 10, P2 (JSh) = 15
So, equilibrium is at where MU1 (So) / P1 (So) = MU2 (JSh) / P2 (Jsh)
20/10 = 2, & 30/15 = 2. MU's per dollar are equal for both.
So Maylin is in equilibrium, she should purchase one unit of each socks & jogging shorts.
Answer:
1.A:32 P:24
2.A:40 P:26
Step-by-step e1.xplanation:
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