Consider a hypothetical consumer named Hayden who is shopping for bread and brie. The graph with bread and brie on the axes pres
1 answer:
The graphical relationship of the demand and price of brie are given in the two graphs
- At point A, the price is $4.00 and the quantity demanded is 23.84
- At point A, the price is $6.00 and the quantity demanded is 7.49
Reason:
The given parameters are;
The graphs gives the utility-maximizing combinations of bread and brie chosen by Hayden
The price of the loaf = $1.00
The prices of the brie are $4.00 and $6.00 per wheel
Given that as the price increases from $4.00 to $6.00, the quantity
demanded increases, we have;
When the price is $4.00, the quantity of brie demanded 23.84 brie wheels,
and the quantity of bread demanded is 15.9 bread loaves
When the price increases to $6.00, the quantity of brie demanded
decreases to 7.49 brie wheels, while the quantity of bread demanded
increases to 25.2 loaves
Therefore; we have;
At point A, the price is $4.00 and the quantity demanded is <u>23.84</u>
At point B, the price is $6.00 and the quantity demanded is <u>7.49</u>
Learn more here:
You might be interested in
Answer:
150° and 210°
Step-by-step explanation:
1) to drow a circle with radius=1 in the system of coordinates like in the attached picture;
2) to mark point (-√3/2)≈-0.866 on X-axis (in the picture it is the point M);
3) to graph line AB through point M, the line AB || Y-axis and the points A and B are on the circle with radius=1;
4) to measure the angles ∠ROA and ∠ROB (the points are marked with red colour);
5) finally, m(∠ROA)=150°; m(∠ROB)=210°.
