User Account

All Pages

Does this man that george would be just as weel off

Assignment Help Microeconomics
Reference no: EM13337262

With the per-unit prices of broccoli (b) and pork rinds (r) equal to $2 and $1, a consumer, George, with an income of $1000 purchases 400R and 300B. At that point, the consumers MRS = 2r/1b. Does this man that george would be just as weel off consuming 200R and 400b?

Reference no: EM13337262

Questions Cloud

Why is the original so valuable : In 2006, Willem de Kooning’s abstract painting Woman III sold for $137.5 million. Portray this sale in a demand and supply diagram and comment on the elasticity of supply. Comedian George Carlin once mused, “If a painting can be forged well enough to..
Evaluate the value of k for the reaction at the temperature : At 386 K, ?Go equals 124.0 kJ for the reaction, 2 H2S(g) 2 H2(g) + S2(g) Calculate the value of K for the reaction at this temperature. Give your answer in scientific notation to 3 significant figures
Demonstrate your capacity to understand and evaluate : Demonstrate your capacity to understand and evaluate our right to privacy
Does each additional singing of the song hurt more than the : Mylie’s total utility from singing the same song over and over is 50 utils after one repetition, 90 utils after two repetitions, 70 utils after three repetitions
Does this man that george would be just as weel off : With the per-unit prices of broccoli (b) and pork rinds (r) equal to $2 and $1, a consumer, George, with an income of $1000 purchases 400R and 300B. At that point, the consumers MRS = 2r/1b.
Required to purchase an inventory of soap : Washers, dryers, and other equipment needed to open the laundromat would cost $183,000. In addition, $1,000 in working capital would be required to purchase an inventory of soap, bleaches, and related items and to provide change for change machine..
Evaluate to infinity or nan : Determine whether or not each expression will always evaluate to 1 (true). If not, briefly explain why (writing 1-2 sentences at most... keep it short!). Keep in mind that very large/small values may cause overflow, truncation/rounding, or evaluat..
Explain why scarcity forces individuals and society to : Suppose a chocolate bar manufacturer promotes its products by advertising and opportunity to win a ‘free car’. Is this car free because the winner pays zero for it?
Ethics and professional conduct in conjunction : Use the PMI Code of Ethics and Professional Conduct in conjunction with the conclusions and recommendations given in Jones' article to prepare a document with the following:

Reviews

Write a Review

Microeconomics Questions & Answers

  Is the bottle water industry in long run equilibrium

Suppose the bottle water industry is competitive. If a bottle of water supplied by the typical firm has an ATC of 20 cents and the market price if 30 cents.

  Explain a two time period budget equation

What did you end up doing? Explain using a two time period budget equation and congress must be happy with your findings. You are sitting at your desk starring at your very first bonus.

  Develop a financial analysis of projects

You have been asked to develop a financial analysis of two projects and based on Net Present Value (NPV), Return on Investment (ROI), and Profitability Index (PI).

  Is the good in question standardized

Choose a market for a good in your area that seems to be a perfectly competitive market. Write four or five substantive paragraphs that describes the market and answers the following questions: Identify the buyers and sellers as well as the goods o..

  Discuss the one discretionary fiscal policy action

1.Under what circumstances might a tax reduction be associated with a long-run increases in real national income and a long-run reduction in the price level.

  How would better health outcomes cause higher income

International data show a positive correlation between income per person and the health of the population. How might the relative importance of two hypotheses be relevant for public policy

  What was a smart acquisition

Many companies purchase other companies or individual product or brands from other companies to acquire new products. For example, Disney recently agreed to purchase Marvel Entertainment and its portfolio of more than 5,000 characters, such as S..

  Economies and diseconomies of scale

Describe the factors that may cause economies and diseconomies of scale. Give an example of each. Describe the economic concept of the law of diminishing marginal returns. Please give an example. Why is this important?

  Why the game is called a cooperative game

Some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn't matter which side it is as long as everyone chooses the same side. Otherwise, everyone may get hurt.

  Determine whether worked part-time for half of the year

You are starting your own Internet business. You decide to form a company that will sell cookbooks online. Justcookbooks.com is scheduled to launch 6 months from today. You estimate that the annual cost of this business will be as follows.

  Calculate optimal consumption

Calculate John's optimal consumption bundle, (X, Y). (Hint: Since John's indif-ference curves are not smooth and \curvy", we cannot use MRS = MRT to solve for the optimal bundle. Draw a diagram to see where the John's optimal bundle must be on his ..

  How will the birthrate be affected by policies that reduce

In recent years, both the personal exemption and child tax credit have been increased in the United States. According to the basic principles of economics, how will the birthrate be affected by policies that reduce the taxes imposed on those with chi..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd