i dont get it. HOW THE FUCK DO THEY GET THE PRICE
yall i know this normally aint the place to ask help with homework but help me out here please- (kinda crazy i had to resort to this)
yall i know this normally aint the place to ask help with homework but help me out here please- (kinda crazy i had to resort to this)
I don’t do economics but
Substitute quantity into the x-axis, find the product 2 on y-axis via interpolation.
Divide the budget of 60k by the product 2 found. (This is incorrect)
Calculation under table.
Idk if there’s anything else that needs to be done on the graph before the calculations
so i’m supposed to do B/Q of product 2 = P of product 1 or am i understanding this wrong
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Q of product 2
You find Q of product 2 by interpolating it from the graph using Q of product 1
you’re supposed to make a demand curve with the filled in stuff
i still don’t understand how they got to the price of 1,50 for a quantity of 20
I can’t help with the demand curve since I don’t know much at all about it.
Turns out I was wrong, let me look at it again
also i tried asking chatgpt the same question but it literally said it didn’t know
Ok that’s weird
So, given the quantity of 20 of product 1, find what point it is vertically under on the orange line (as shown with pink dashed line). Draw the tangent at that point and find the x-intercept of the tangent, which is 40. Then, divide the budget by 40: 60,000 / 40 = 1.50.
I think that’s it this time
Do the same logic with the other quantities of product 1, but use the other lines. I am completely unsure how you’re supposed to figure out which line to use or why there are multiple in the first place.
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60 : 40 = 1,50 euros for quantity of 20
60 : 20 = 3,00 euros for quantity of 10
60 : 15 = 4,00 euros for quantity of 5
OMG THANK YOU
Now i know i won’t fail for my exams ECS :))))
Np, this stuff is weird
imma list this down rq
i know
no way, sandwich is asking for help for exams
good job ig
Nerds unite 
!!!