Customer Service Chat
Get quote & make Payment
Consumer behaviour, economics, Microeconomics
Maurice has the following utility function:
U (X; Y ) = 20X + 80Y ?? X2 ?? 2Y 2
where X is his consumption of CDs, with a price of $1, and Y is his consumption
of movie videos, with a rental price of $2. He plans to spend $41 on both forms of
entertainment. Determine the number of CDs and video rentals that will
maximize Maurice''s utility.
Posted Date: 2/24/2012 12:22:35 AM | Location : United States
Ask an Expert
Consumer behaviour, economics, Assignment Help, Ask Question on Consumer behaviour, economics, Get Answer, Expert's Help, Consumer behaviour, economics Discussions
Write discussion on Consumer behaviour, economics
Your posts are moderated
Write your message here..
Monopoly and perfect competition, will post picture
will post picture
What is corporate governance, What is corporate governance? Why is it impor...
What is corporate governance? Why is it important for board of directors to ensure good corporate governance within a company? Students need to define corporate governance concisel
Neoclassical economics, In neoclassical economics, equilibrium exists when ...
In neoclassical economics, equilibrium exists when supply equals demand for a particular commodity. General equilibrium is a special (purely hypothetical) condition in which every
Rational producer, would a rational producer be concerned with the average ...
would a rational producer be concerned with the average or marginal product of an input in dec
Government increases the taxes on car ownership, Government increases the t...
Government increases the taxes on car ownership. Explain the possible market outcomes of such a decision. As this is a tax paid by owners, and therefore not levied indirectly
Dominent firm model, describe the dominent firm model
describe the dominent firm model
Income and Substitution effect for normal goods, Mamun has a weakly income ...
Mamun has a weakly income of 600 dollars. Price of chocolate is 5 dollar and price of potato is taka 10. Both are normal goods. Show the income and substitution effect for each of
Compare traditional modern and engineering cost theory, compare traditional...
compare traditional modern and engineering cost curves
Monopoly market, Question : (a) Differentiate between the characterist...
Question : (a) Differentiate between the characteristics of a perfectly competitive market and those of a monopoly market structure. (b) To what extent is a monopoly mark
Mathematical presentation of utility maximisation, Mathematical Presentatio...
Mathematical Presentation of Utility maximisation: Consumer's objective is to maximise her utility by solving UMP. To solve UMP, we set the Lagrange function of the correspond
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
Why Us ?
~24x7 hrs Support
~Quality of Work
~Time on Delivery
~Privacy of Work
Human Resource Management
Literature Review Writing Help
Follow Us |
T & C
Copyright by ExpertsMind IT Educational Pvt. Ltd.