Jordan visits her sister several times a year. Jordan's travel budget is $600, which she uses to buy bus tickets and train tickets. The train costs $120 per trip,and the bus costs $40.a. Graph Jordan's budget constraint.b.How many totaltrips can Jordan take if she takes the train three times?c. Suppose Jordan's travel budget is cut to $360. Draw her new budget constraint.d. How many train trips can she take if she doesn't want to reduce the total number of trips she takes each year?

Respuesta :

Answer:

attached graph

b) 600 - 120 x 3 = 240 disposable income for bus

then 240 / 40 each bus ticket = 6 bus tickets

Total trips 3 train + 6 bus = 9 trips

c) if budget is cut down to 360

to do 9 trips it will have to buy only bus tickets entirely to continue doing 9 trips

Explanation:

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a. Jordan's budget constraint is $120 T + $40 B ≤ $600. See attached graph.

Where T = number of train trips

B = number of bus trips

Jordan cannot exceed 9 trips in total because of the budget constraints of $600 travel budget and 3 train trips that she must take.

b. Based on Jordan's travel budget of $600 and the cost of train trips of $120 per trip, Jordan can take 3 train trips and 6 bus trips totaling 9 trips.

c. Jordan's budget constraint is $120 T + $40 B ≤ $360. See attached graph.

Where T = number of train trips

B = number of bus trips

d. The number of train trips that Jordan can take not to reduce the total number of trips she takes each year is 0 train trip.

In the previous analysis, Jordan could take a total of 9 trips per year.  The new budget cannot allow her to take 9 trips if she takes any train trip.

Thus, Jordan's trips will be all bus trips with the new budget constraint.

Data and Calculations:

Total travel budget for Jordan = $600

Cost of train per trip = $120

Cost of bus per trip = $40

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