1. An individual's budget Suppose Bob has a weekly budget of $48 to spend on juice and yogurt. Juice is priced at $4 per gallon, and yogurt is priced at $2 per container,
If Bob spends his entire $48 on juice, he can buy
yogurt.
12 gallons of juice. If he spends his entire $48 on yogurt, he can buy
24 containers of
Use the blue line (circle symbol) to plot Bob's budget constraint on the following graph. Next, use the orange point (square symbol) to shade the area
that represents combinations of juice and yogurt that are affordable for Bob. Finally, place the black point (plus symbol) on the point on Bob's budget
constraint that corresponds to a scenario in which Bob spends $24 on each good.
Note: Dashed drop lines will automatically extend to both axes.
36
33
30
BC, (548)
27
24
21
Affordable Region
YOGURT (Containers)
16
15
$24 on Each
12
9
BC,(560)
3
6
12
15 18 21
24 27 30 39 36

Afinancial institution, the thriftem bank, is in the process of formulating its loan policy for the next quarter. a total of $12 million is allocated for that purpose. being a full-service facility, the bank is obligated to grant loans to different clientele. the following table provides the types of loans, the interest rate charged by the bank, and the possibility of bad debt as estimated from past experience. type of loaninterest rateprobability of bad debtpersonal.140.10car.130.07home.1 20.03farm.125.05commercial.100.02 bad debts are assumed unrecoverable and hence produce no interest revenue either. competition with other financial institutions in the area requires that the bank allocate at least 40% of the total funds to farm and commercial loans. to assist the housing industry in the region, home loans must equal at least 50% of the personal, car, and home loans. the bank also has a stated policy specifying that the overall ratio for bad debts on all loans may not exceed .04. formulate this problem as a linear program. define your variables clearly and write all the constraints explaining the significance of each.

Given the following information about the closed economy of brittania, what is the level of investment spending and private savings, and what is the budget balance? assume there are no government transfers. gdp=$1180.00 million =$510.00 million =$380.00 million =$280.00 million

Experienced problem solvers always consider both the value and units of their answer to a problem. why?