Exam 8: A: Buying and Selling

In Problem 1, if Abishag owned 10 quinces and 10 kumquats and if the price of kumquats is 2 times the price of quinces, how many kumquats could she afford if she spent all of her money on kumquats?

Mr. Cog in Problem 7 has 18 hours a day to divide between labor and leisure. If he has 13 dollars of nonlabor income per day and gets a wage rate of 17 dollars per hour when he works, his budget equation, expressing combinations of consumption and leisure that he can afford to have, can be written as

Mr. Cog in Problem 7 has 18 hours per day to divide between labor and leisure. If he has a nonlabor income of 34 dollars per day and a wage rate of 17 dollars per hour, he will choose a combination of labor and leisure that allows him to spend

In Problem 1, if Abishag owned 12 quinces and 20 kumquats and if the price of kumquats is 3 times the price of quinces, how many kumquats could she afford if she spent all of her money on kumquats?

In Problem 1, if Abishag owned 6 quinces and 5 kumquats and if the price of kumquats is 3 times the price of quinces, how many kumquats could she afford if she spent all of her money on kumquats?

Dr. J has 80 hours per week to divide between work and leisure. His wage rate if $5 per hour. Dr. J receives a lump sum payment of $250 per week. Suppose that the first $50 per week of his labor income is untaxed, but all labor income above $50 is taxed at a rate of 10%.

Mr. Cog in Problem 7 has 18 hours a day to divide between labor and leisure. If he has 8 dollars of nonlabor income per day and gets a wage rate of 5 dollars per hour when he works, his budget equation, expressing combinations of consumption and leisure that he can afford to have, can be written as

Mr. Cog in Problem 7 has 18 hours per day to divide between labor and leisure. If he has a nonlabor income of 48 dollars per day and a wage rate of 15 dollars per hour, he will choose a combination of labor and leisure that allows him to spend

Mr. Cog in Problem 7 has 18 hours per day to divide between labor and leisure. If he has a nonlabor income of 38 dollars per day and a wage rate of 9 dollars per hour, he will choose a combination of labor and leisure that allows him to spend

Mr. Cog in Problem 7 has 18 hours per day to divide between labor and leisure. If he has a nonlabor income of 40 dollars per day and a wage rate of 6 dollars per hour, he will choose a combination of labor and leisure that allows him to spend