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Misty Hancock is a sales rep for a computer producer. Her salary last year was $30,000, and she earned another $5,000 in sales commissions. She paid $6,000 in taxes, and spent $8,000 on food, housing, a car, and other "necessities." What is Misty's disposable income?
Budget Line
A graphical representation of all possible combinations of two goods that can be purchased with a given income and prices.
Weekly Income
The total amount of money earned or received by an individual or household within a week.
Doughnuts
A type of fried dough confection or dessert food, commonly shaped in rings or flattened spheres that sometimes contain fillings.
Coffee
A beverage made from the roasted and ground beans of the Coffea plant, consumed worldwide for its stimulating effects.
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