Budget constraint for in-state phone calls

#1Continental Long Distance Telephone Service offers an optional package for in-state calling whereby each month the subscriber gets the first 50 min of in-state calls free, the next 100 min at $.25/min, and any additional time at the normal rate of $.50/min. Draw the budget constraint for in-state phone calls and the composite good for a subsciber with an income of $400/mo.#2For the Continental Long distance subsriber in #1, what is the opportunity cost of making an additional 20 min of calls if he currently makes a.) 40 min of calls each month? b.)140 min of calls each month?#22Your local telephone compan has offered you a choice between the following billing plans:Plan A: Pay $.05 per call.Plan B: Pay an initial $2/wk, which allows you up to 30 calls per week at no charge. Any calls over 30/wk cost $.05 per call.If your income is $12/wk and the composite good costs $1, graph your budget constraints for the composite good and calls nder the two plans.

We help you get better grades, improve your productivity and get more fun out of college!!

How it works – it’s easy

Y

Place your Order

Submit your requirements through our small easy order form. Be sure to include and attach any relevant materials.

Make a payment

The total price of your order is based on number of pages, academic level and deadline.

i

Writing process

We assign the assignment to the most qualified tutor. When the tutor completes the assignment, it is transferred to one of our professional editors to make sure that the assignment meets all of your requirements.

Once complete, we’ll send your assignment via the email provided on the order form.

 

 

Achieve academic success with the best online tutors.