Biology Forums - Study Force

Could you help me with this particular question?

Dale likes to consume both sweatshirts and jackets. The price of a
sweatshirt is $20, while the price of a jacket is $60.
If Dale's marginal benefit of another sweatshirt is $60, what must be the
marginal benefit of another jacket? Assume Dale is optimizing by using
the "equal bang for your buck" rule.
The marginal benefit of another jacket must be $ 180 . (Enter your
answer as a whole number.)
Draw Dale's budget set, assuming he has $120 to spend. Show the shift
in this budget set when the price of jackets decreases to $30.
1 .) Using the line drawing tool, draw Dale's budget constraint at the
original prices of $20 for a sweatshirt and $60 for a jacket. Label the line
'BCI '
2.) Using the line drawing tool, draw the new budget constraint after the
price of jackets decreases to $30. Label the line 'BC2
Carefully follow the instructions above and only draw the required
objects.

Hi s.h_math (https://biology-forums.com/index.php?action=profile;u=1067569)

I found a similar question with slightly different numbers that can help you answer yours.

Let me know what you think, and if it were helpful

Uhm, I'm not sure how you get 6 jackets and 18 sweatshirts in total?

You take your budget, 180, divide by the price of each item.

So for jackets it's 120 / 60 = 2, and for sweatshirts its 120 / 20 = 6.

Does that help?

Yes, that definitely helps, would you believe my graph is correct? Please let me know, thanks a lot!

Looks similar to the one in the example I provided. What are those black lines?

The black line is just the pointer to label the graph line sir.

Post Merge: A year ago

The black line is just the pointer to label the graph line sir.

I haven't verified if it's 100 percent right, but it does look similar to the style of the other question.

Do you know when you would be able to verify it 100%?

So after the jacket decreases by 30, now the jacket is worth 30 dollars a piece. 180 divided by 30 is 6.

That is reflected in your graph.

It said this

Hmmm. I'm not certain to be honest 😥 What can you make of that?

Would you mind checking if this would work better?

Post Merge: A year ago

i'm on my last try :(

It looks right to me, but I was wrong the last time. I wish I could be more certain