Home » The institutional research office has recently conducted a survey group of consumers.According to demographic data, the research office has given you…

# The institutional research office has recently conducted a survey group of consumers.According to demographic data, the research office has given you…

The institutional research office has recently conducted a survey group of consumers.According to demographic data, the research office has given you the following:

Typical weekly consumer income                  \$800

Price of Frosty Cola                                      \$10.00 per case

Price of Coca-Cola                                        \$20.00 per case

You want to break this data down for the chief financial officer in two forms: a slope- intercept equation for the typical consumer’s budget constraint and a graphical analysis  showing him the typical consumer’s budget set. The CFO has specifically asked for the price of Frosty Cola to be the good on the vertical axis. (Round any quantity to the  nearest whole unit in each part, if necessary.)

a) Derive the equation for the budget constraint in slope-intercept form.

b) Illustrate and explain the typical consumer’s budget set (again, place quantity of Frosty Cola on the vertical axis).

c) The CFO asks you if the price of Frosty Cola were to decrease to \$5.00 per case, what  would happen to the budget constraint? Illustrate and explain.

d) Lastly, the CFO asks you that if the typical consumer wished to purchase seven cases of Coca-Cola, how much Frosty Cola could that individual purchase? Calculate and show. Assume the original data.

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.