What is the point based on the equimarginal rule

Assignment Help Macroeconomics
Reference no: EM13223950

Assume the price of baseballs is $5 and baseball gloves is $20. Assume you have $100 total to spend on these items. Construct a table . What is the point, based on the Equimarginal Rule, which has equal marginal benefit (or the closest) for the two purchases?

Reference no: EM13223950

Questions Cloud

Define what is the binding energy : What is the binding energy, in amu, of 13C? Masses are: proton = 1.00728 amu, neutron = 1.00867 amu, electron = 0.00055 amu, and 13C = 13.00335 amu.
What are its choices : You are an analyst for a firm that imports and distributes specialty oils and vinegars, and your company wants you to evaluate its options for taking advantage of cutting-edge business analytics. What are its choices? What will you recommend?
Which would be more of an issue in asian societies : Of the four conflicts that characterize teenagers, which would be more of an issue in Asian societies where conformity is highly valued.
Explain the mass loss per nucleon : On forming the nuclide from the protons, neutrons and electrons, the mass loss per nucleon for the is 0.00759 amu, whereas that for is 0.00944 amu. This means that:
What is the point based on the equimarginal rule : Assume the price of baseballs is $5 and baseball gloves is $20. Assume you have $100 total to spend on these items. Construct a table . What is the point, based on the Equimarginal Rule, which has equal marginal benefit (or the closest) for the tw..
Influences of technology on customers needs : Critically analyse, with relevant examples, how this revolution is affecting international consumer behaviour and influences of technology on customers needs
Does either player have a dominant strategy : Suppose two world leaders "Nikita" and "Margaret" are engaged in an arms race and face the decision whether or not to build a missile. The payoffs of Nikita and Margaret are as follows: If both build a missile, both receive the payoff -10. If both ..
What is the probability that no cars are in the system : A two channel operation with two service windows and two wmployees. The employee station at each window fills the order and takes the money. The average service time for this is 2 minutes for each channel.
Explain salt would use and at what molar concentration : It is desired to produce an aqueous solution of pH=8.75 by dissolving one of the following salts in water at 298 k. Which salt would you use and at what molar concentration?

Reviews

Write a Review

 

Macroeconomics Questions & Answers

  Analysis of the role of government and regulatory actions

A topic that reflects one of the following: government regulation of environmental issues in the wake of disasters; government regulation of financial markets; government nationalization or partial-nationalization of a business often left to priva..

  Explain how much do you believe will be the budget share

Assume after 10 years real consumer spending doubles to 100. Explain how much do you believe will be the budget share of leisure.

  Provide examples of microeconomics and macroeconomics

Assume you were doing lunch with your best friend who just enrolled in an economics class. He was complaining about how irrelevant the class was,

  Design a two part tariff structure

The Rusty Anchor Bar has two-types of patrons: legal and underage drinkers. Even though it is illegal to allow entry to underage drinkers, there is no perfect way to identify underage drinkers since they often use fake identification card.

  What is the equilibrium of this game

In the text, we considered a sequential move game in which an entrant was considering entering an industry in competition with an incumbent firm. Consider now that the entrant, if fought, has the possibility of withdrawing from the industry (at a..

  To justify the plan of mba at southern university

Your current job pays $25,000 per year (after taxes), but you could earn $55,000 per year after taxes if you had a MBA at Southern University.justify your planned MBA at Southern University.

  Derive the equation for output

Derive the equation for output per effective worker y = Y/EN = f(k), where k equals the amount of capital per effective worker. or calculate the steady state levels for each.

  Explain the profit – maximizing output and price

The monopolist has a constant marginal and average total cost of $50 per unit. Find the monopolist’s profit – maximizing output and price.

  Fiscal policy also decrease the dollar like monetary policy

Fiscal policy also decrease the dollar like monetary policy.

  Illustrate what other information would you want

Illustrate what other information would you want before you decided where to establish a new production facitily.

  Discuss the ability to develop innovative products

Determine which best supports reason for why the use of teams by Anacorp Corporation is considered critical to its ability to develop and commercialize innovative products?

  Describe the spot and month forward exchange rates

Describe the spot and 12-month forward exchange rates and determine any change in the ROS repatriated in 12 months based on exchange rates versus the current forecast.

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