64 604
Assignments Done
99,1%
Successfully Done
In September 2018

Answer to Question #63264 in Microeconomics for Crystal Escoffery

Question #63264
sandra uses two mobile cell phones (a Digicel and a Lime phone), to make her monthly calls. Sandra budget only $7,000 on telephone calls per month and the cost per minute for digicel and limeare $2.99 and $2.89 respectively.

write down the algebric equation for Sandra's budget constraint.
Expert's answer
Equation looks like
2.99x+2.89y=7,000
Where x is the quantity of minutes for digicel,
y is the quantity of minutes for limeare
Or in a more familiar form

Y=(7,000-2.99x)/2.89;
Y=2,42215-1.03x

Answer.
2.99x+2.89y=7,000

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions