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2.- The electricity and power company charges $4.00 per kilowatt-hour (kWh) for the first 100 kWh consumed monthly and $1 per kWh for consumption exceeding
2.- The electricity and power company charges $4.00 per kilowatt-hour (kWh) for the first 100 kWh consumed monthly and $1 per kWh for consumption exceeding 100 kWh. For a consumer with a monthly income of 5800, graph his budget line and determine his equation. Note. - Suppose two goods, energy (xaxis) and money (y-axis) 3.- If Amelia spent all her weekly pay, she could buy 16 jelly beans and 8 comics a week, or 10 jelly beans and 10 comics a week. The price of a jelly bean is $50. a) What is Amelia's weekly pay? b) How much do the comics cost? c) Draw the budget line (jelly beans on the x-axis)
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