Consumption bundles lies on the same indifference curve

Assignment Help Business Economics

Reference no: EM13833306

Fisher's utility function for trout (T) and salmon (S) is given by U = ST, where the MU_T = S and MUs = T. Which set of consumption bundles lies on the same indifference curve?

A. bundles of (S = 5 and T = 5) and (S = 25 and T = 1)

B. bundles of (S = 2 and T = 4) and (S = 3 and T = 3)

C. bundles of (S = 10 and T = 2) and (S = 5 and T = 1)

D. bundles of (S = 8 and T = 6) and (S = 7 and T = 10)

Reference no: EM13833306

Questions Cloud

Suppose that income increases-income elasticity of movies : Suppose that Seth's income increases from $400 to $500 per week, causing Seth to increase his purchases of movies from 3 to 4. The income elasticity of movies is:

Several types of trust in supply chain collaboration : Question:Trust is hard to build but easy to break. Companies have to keep on improving to continue to have the trust of the consumers and stock holders. a couple of decades ago Coke changed its formula and they lost much profit and the trust of the..

About consumer preferences is violated in this scenario : Which assumption about consumer preferences is violated in this scenario. Randy likes basketball more than football; football more than baseball; and baseball more than basketball.

What about an environmental risk : 1) What about an environmental risk, can these be mitigated? For example, what if a suppler over in Japan has an earthquake?Expanding a supply chain to the global level has many benefits. The added complexity of a global supply chain comes with addi..

Consumption bundles lies on the same indifference curve : Fisher's utility function for trout (T) and salmon (S) is given by U = ST, where the MUT = S and MUs = T. Which set of consumption bundles lies on the same indifference curve?

Mayan priests interest in astronomy led to the creation of _ : Mayan priests interest in astronomy led to the creation of ____

Analysts have estimated the present values : Analysts have estimated the present values of the following effects over the expected useful life of the pool: PV (million dollars) State grant: 2.2 Construction and maintenance costs: 12.5 Personnel costs: 8.2 Revenue from county residents: 8.6 Reve..

Develop code to implement a simple interactive game : Design a simple interactive game (can be based on an existing game). Develop code to implement this game design (primarily your own, original code). Test your implemented game for functionality and bugs.

Refuses to comply with walmart''s request : Express you personal opinion in the essay below and answer the following questions and put them in the last paragraph and put it in order or by number.1) If a vendor or company refuses to comply with Walmart's request, is there anything Walmart?2) ..

User Account

All Pages