Reference no: EM13174690
1. Caty consumes only goods X and Y . Her utility function is: U(X; Y ) = min{X; Y}. We are given that PX = 3; PY = 6, and Caty's income is 18.
Calculate Caty's optimal consumption bundle, (X, Y). (Hint: Since Caty'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 Caty's optimal bundle must be on her IC. How do you characterize this bundle mathematically?)
2. John consumes only goods X and Y . His utility function is: U(X, Y ) = X + 2Y . We aregiven that PX = 3; PY = 3, and John's income is 30.
(a) Calculate the slopes of John's budget constraint and his indierence curves, as viewedwith Y as the vertical axis and X as the horizontal axis
(b) 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 IC. How do you characterize this bundle mathematically?)
|
At what temperature will it burst
: A flask that can withstand an internal pressure of 2525 torr, but no more, is filed with a gas at 21.0°C and 758 torr and heated. At what temperature will it burst?
|
|
Segregation of duties
: Segregation of duties (SoD) and other classic internal controls such as management oversight have been adapted to consider technology. Compare/contrast the classic controls with their adaptations for technology.
|
|
How did bosch ultimately come up with the solution
: Research and write about the history of Haber Process of producing ammonia. How did it address the Malthusian Threat? What was the Haber-Nernst Controversy (be sure to use Le Chatelier's Principle in the explanation)? How did Bosch ultimately come..
|
|
State compound treated with silver hydroxide and heated
: In the Hofmann Degradation of amines an amine is exhaustively methylated with Methyl Iodide and the resultant compound treated with Silver Hydroxide and heated. An alkene is formed which is not the Saytzeff product.
|
|
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 ..
|
|
What is the h3o+ concentration of the solution
: What is the H3O+ concentration of the solution?
|
|
What is the ph of the buffer after the addition
: A buffer solution contains 0.10 mol of acetic acid and 0.13 mol of sodium acetate in 1.00 L. (a) What is the pH of this buffer? (b) what is the pH of the buffer after the addition of 0.02 mol of KOH? (c) What is the pH of the buffer after the addi..
|
|
Give the basicity order and list from most to least basic
: Give the basicity order? List from most to least basic. 3. Explain the basicity order in terms of resonance and inductive (polar) effects and solvation effects.
|
|
Determine the osmotic pressure of a solution
: Determine the osmotic pressure of a solution that contains 0.010 g of a hydrocarbon solute (molar mass = 340 g/mol) dissolved in benzene to make a 350-mL solution. The temperature is 20.0°C.
|