A and b indifferent curves and mrs

Assignment Help Microeconomics
Reference no: EM13682228

INFORMATION
utility function is U(X,Y) = 3X1/2 Y1/2
bundle A consists of 10 units of X and 10 units of Y,
bundle B consists of 20 units of X and 5 units of Y.

PROBLEM
graph bundle "A" indifference curve
graph bundle "B" indifference curve
Compute MRSxy at consumption bundle A.
Compute MRSxy at consumption bundle B.

Provide a couple sentences about bundle A and B's indifferent curves and MRS's

Reference no: EM13682228

Questions Cloud

Total real rate of return : Total real rate of return
Show computation and graph : Show computation and graph
What is the deadweight loss associated : What is the deadweight loss associated
Calculating the price elasticity of demand : Calculating the price elasticity of demand
A and b indifferent curves and mrs : Provide a couple sentences about bundle A and B's indifferent curves and MRS's
What is the percentage in labor productivity of windows : What is the percentage in labor productivity of windows from May and determine the for labor- hrs, the typical standard for comparison.
Discuss how forward and options contract can be used : Discuss how forward and options contract can be used by the company to hedge its exposure to exchange rate risk.
Compare and contrast roles of the futures market : Compare and contrast roles of the following participants in futures market
Exposure to exchange rate risk : Exposure to exchange rate risk.

Reviews

Write a Review

Microeconomics Questions & Answers

  What will happen to total revenue of peanut butter producer

what will happen to equilibrium of peanut butter traded in the market after the 30% increase in the price of peanut butter? stay the same, increase, not enough info to answer, or decrease. what will happen to the total revenue os us peanut butter..

  Determine impact of increase in the price of soybean

Determine the impact of the increase in the price of soybeans on the rental rate of land and determine the impact of the increase in the price of soybeans on the welfare (real wage) of labor.

  Explain factors that shape wage differentials

Institutional economics, especially applied to metropolitan areas, highlight problems with human capital theory and help us better understand wage differentials. Explain factors that shape wage differentials by metropolitan areas.

  Are there any bases of relatedness among the four products

This line is aimed at the low end of the market and isn't constructed on a wheel base. Writing instruments. This line includes mechanical pens and pencils which are sold to the middle-market segment between the low-end products such as Bic and h..

  Explain the process of - determination of exchange rate

describe the process of - determination of the exchange rate between currencies. show a diagram. explain fixed vs.

  Each 500 megawatt power plant the firm owns burns about 14

suppose your firm produces electricity by burning coal. currently it buys central appalachia 12500 btu per ton coal at

  Two firms produce homogeneous outputs with cost

two firms produce homogeneous outputs with cost functionsc1q12c22q22and the inverse market demand

  Why is there a cluster of prices rather than a single

Why does a prospective monopolistic competitor find it relatively easy to start production in the long run?

  Average retail price of cookbooks will be 30 and their

you must give up your full-time job which paid 50000 per year and you worked part-time for half of the year.the average

  Datafilecontains1500housessoldinstocktoncaliforniaduring1996

datafilecontains1500housessoldinstocktoncaliforniaduring1996-1998.thevariabledescriptionsareasfollowsbull sprice

  Why is determining the economys location on the curve

What is the Laffer curve, and how does it relate to supply-side economics? Why is determining the economy’s location on the curve so important in assessing tax policy?

  What can you say about your price elasticity of demand

Suppose the price of widgets rises from $5 to $7 and consumption of widgets falls from 25 widgets a month to 15 widgets. Calculate your price elasticity of demand of widgets.

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