A consumer has $180 in monthly income to spend on two goods, D and G, where D is on the y-axis. The price of good D, PD is $6, and the marginal rate of transformation is -2. How many units of good G can be purchased if all income is used to purchase good G

Answers

Answer 1

Answer:

The number of units of good G that can be purchased if all income is used to purchase good G is 15 units.

Explanation:

Since D is on the y-axis, indicating G is on the x-axis, the formula for calculating the marginal rate of transformation (MRT) is given as follows:

MRT = - PG / PD …………………. (1)

Where:

MRT = Marginal rate of transformation = -2

PG = Price of good G = ?

PD = Price of good D = $6

Substituting the relevant values into equation (1) and solve for PG, we have:

-2 = - PG / $6

PG = -2 * (-6) = $12

Therefore, we have:

Number units of good G if all income is spent on it = Monthly income / PG = $180 / $12 = 15

Therefore, the number of units of good G that can be purchased if all income is used to purchase good G is 15 units.


Related Questions

Other Questions
A forest fire destroys an area. A small population of trees and a large population of birds are both affected. Which typeof limiting factor causes this?density dependentdensity independentpopulation dependentpopulation independent HOW DOES THE PROCESS OF TRANSLATION CONVERT INFORMATION 6x-27=-3xsolve for x:D Which of the following was most affected by the Great Migration? Dan, Harry and Regan sell cars.Dan sells x cars.Harry sells 5 more cars than Dan.Regan sells twice as many cars as Dan.Write an expression, in terms of x, for the mean number of cars Dan, Harry and Regan sell. Why do poets use sound effects like rhyme, assonance, consonance, and anaphora in a poem Read through the five characteristics of qualitative research again. Based on these characteristics, describe the ways that a qualitative research report will differ from a more traditional experimental report prepared in accepted American Psychological Association (APA) format Which two of the following most likely violate a right in the Bill of Rights?A president tries to shut down newspapers that criticize his or her actions.A group of high school students decides to pray together in the cafeteria during lunch.A school principal censors a yearbook photo that shows a student wearing an offensive t-shirt.A person is arrested and questioned for hours before being allowed to call a lawyer.A state legislature passes a law banning the carrying of firearms in government buildings. Hello!Can anyone tell that is it true if you put a tooth in a plant and it will grow? or can it help a plant grow? Sorry for weird question... Cause today my tooth came out that's why lol.. The location NASA in the city of Houston has impacted the state by A- Threatening the state's economy and providing a large number of jobs. B- Providing a large number of jobs, but threatening the environment.C- Adding to the state's economy and providing a large number of jobs. D- Providing some new jobs, but little to the economy of the state. pls help a traveller from London visits south Africa , explain why this segmentation is not applicable to the tourist Choose the answer that most nearly has the same meaning as the underlinedword.A benefactor is?.a mathematiciana supportera makeup artista researcher About movie: Godzilla vs King 2021. 1. When will this movie come out? 2. What genre does this movie belong to? 3. Explain what you understand about the movie's script. Dust of Snowby Robert FrostThe way a crowShook down on meThe dust of snowFrom a hemlock treeHas given my heartA change of moodAnd saved some partOf a day I had rued.Soft Snowby William BlakeI walked abroad in a snowy day;I asked the soft snow with me to play;She played and she melted in all her prime,And the winter called it a dreadful crime. Compare or contrast the form of the two poems above. Remember that the form of poetry includes the rhythm, meter, rhyme scheme, and any poetic devices. What do you notice about the form of each poem? How does the form of each poem affect the reader? Write a well-developed paragraph using examples from the poems. A rope is 9 1/2 meters long. How many pieces can be cut from the rope ifeach piece is to be 1/4 meter? Bill can hit a bucket of 323 golf balls in 17 hours.How many golf balls can Bill hit in 23 hours? What type of media is Sasha using when she publishes an article on theInternet?O A. Mass mediaB. Traditional mediaC. Unbiased mediaD. Independent media 279 students went on a field trip. Five buses were filled and 9 students traveled in cars. How many students were in each bus? PLEASEEEEE HELPPPPP ME you get 60 points i dont know if anyone cares but hey simplify the expression (2r^4y4xy^2) completely Which equation shows the point-slope form of the line that passes through (3, 2) and has a slope of 1/3O y + 2 =1/3(x + 3)O y-2=1/3(x-3)O y + 3 = 1/3(x+ 2)O y-3= 1/3(x-2)