Utility function characterizing preferences

Assignment Help Business Economics
Reference no: EM13734467

Ted’s utility function characterizing preferences over apples and bananas is U a,b= 4a + 6b^2. . How many apples does Ted demand if Pa= .5 and Pb=1 , and he has $10 to spend?

Reference no: EM13734467

Questions Cloud

Manufacturing plant has estimated the variable cost : An apparel manufacturing plant has estimated the variable cost to be $21 per unit. Fixed costs are $1M per year. Forty percent of its business is with one preferred customer and the customer is charged at cost (without profit). The remaining 60% of t..
Greater efficiency and effectiveness of tsa : Explain which of the HR practices described in the case you think contribute to greater efficiency and effectiveness of TSA employees. Why? Recommend at least two other practices which could be employed to increase efficiency and effectiveness of ..
Manufacturing computer chips with competitive fringe of firm : Intel is a monopolist manufacturing computer chips with a competitive fringe of firms that act as price takers of the price Intel sets. The market willingness to pay for the P80 chip is given by p = 400 - Q, with p in dollars per chip and Q in thousa..
Unionized plants than in non-unionized environments : Explain why cooperative approaches may stand up to legal review more easily in unionized plants than in non-unionized environments.
Utility function characterizing preferences : Ted’s utility function characterizing preferences over apples and bananas is U a,b= 4a + 6b^2. . How many apples does Ted demand if Pa= .5 and Pb=1 , and he has $10 to spend?
Annual investments in a fund : Suppose you make 30 annual investments in a fund that pays 4% compounded annually. If your first deposit is $6,000 and each successive deposit is 4% greater than the preceding deposit, how much will be in the fund immediately after the thirtieth depo..
Mexicans producers at equilibrium with international trade : Based on Figure 1 if the Mexcian government imposes a per-unit tariff of $2.5 on calculators, the total quantity of calculators produced by Mexicans producers at equilibrium with international trade is
Equilibrium with free international trade in the market : Based on Figure 1, at equilibrium with free international trade in the market for calculators the price per calculator in Mexico is the world price P = $3.50. When the price is P=$3.50 what is the quantity supplied by Mexician producers, Qs and what ..
Market is at equilibrium without international trade : Subsidies to domestic firms may lead to. What are the market price, the quantity supplied by Mexican producers, Qs, and the quantity demanded by Mexican consumers, Qd, if this market is at equilibrium without international trade.

Reviews

Write a Review

 

Business Economics Questions & Answers

  What is the equation of marginal costs

What is the equation of marginal costs? At what level of output are average total costs at their minimum?

  How did this limit potential for monetary policy to help all

During Great Depression, businesspeople in United States were very pessimistic about future of economic growth and reluctant to increase investment spending even when interest rates fell. How did this limit potential for monetary policy to help al..

  Activity 1-1 stakeholder influences and interconnections

activity 1-1 stakeholder influences and interconnections part a reflective journal-stakeholder diagram stakeholder

  Which policy do you believe would be more effective

Which policy do you believe would be more effective in the short term for accomplishing these goals.

  Crew brew of wisconsin plans to build a microbrewery on a

crew brew of wisconsin plans to build a microbrewery on a small stream in that state. after sampling water from the

  Explain how much saving does he or she do in first period

Illustrate what is the individual's optimal consumption in each period. Explain how much saving does he or she do in the first period.

  Compute the point price elasticity of demand

Compute the (point) price elasticity of demand when price is $700. Is demand elastic or inelastic. Find the point at which point elasticity is equal to -1.

  Q1 many small boats are made of fiberglass that is derived

q1. many small boats are made of fiberglass that is derived from crude oil. suppose that the price of oil rises.a.

  Which is not a primary cause of economic growth

Economies grow for a variety of reasons. Which of the following is not a primary cause of economic growth?

  What role property rights play in creating common property

What role do property rights play in creating common property resources? Why are common property resources subject to market failure due to non-excludability?

  Qassume that omar s marginal utility for cups of coffee is

q.assume that omar s marginal utility for cups of coffee is constant at 3.5 units per cup no matter how many cups he

  Medical care facilities and couple of general practitioner

You live in a small town with basic medical care facilities and a couple of general practitioner physicians. One of the physicians has said that your cousin needs to be seen by a specialist. However, the nearest specialist is 3000 miles away, on the ..

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!

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