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.
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
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
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