Determining the marginal utility of a tree

Assignment Help Macroeconomics
Reference no: EM131085968

Hani has two goods available to purchase, bushes (B) and trees (T). He has perfect substitute preferences, and is always willing to trade 3 bushes for 1 tree. If his marginal utility of a bush is 15, what is his marginal utility of a tree?

Reference no: EM131085968

Questions Cloud

What steps do you use to simplify radicals : How are radicals multiplied? Show an example to illustrate. What steps do you use to simplify radicals? Give an example, showing each step.
How does your retailer compare to competitors : What image do they want to convey and how do they attempt to position themselves in the minds of consumers in the market - brief overview of the retail store like see, merchandise classification, pricing strategies, product categories, ambiance int..
Opposite directions or in the same direction : In the context of oligopoly, why it matters whether the firm's strategic choices move in opposite directions or in the same direction?
How is stowe tom like and unlike the stereotypical uncle tom : This term is derived from stereotypes that grew out of theatrical stage adaptations of Harriet Beecher Stowe's novel, Uncle Tom's Cabin. Evaluate the original character of Tom as portrayed by Stowe in light of these later stereotypes. How is Stowe..
Determining the marginal utility of a tree : Hani has two goods available to purchase, bushes (B) and trees (T). He has perfect substitute preferences, and is always willing to trade 3 bushes for 1 tree. If his marginal utility of a bush is 15, what is his marginal utility of a tree?
Hours in the economics department : Professors Kubik and Black make up the entire demand side of the market for summer research assistants in the economics department. If Kubik's demand curve is QK = 25 - (1/2)P and Black's is QB = 100 - P. What is the market demand curve for resear..
Find the volume of the ring : A hole is cut through the center of a sphere of radius r. The height of the remaining spherical ring is h. Find the volume of the ring (two ways), and show that it is independent of the radius of the sphere.
Which contemporary technological innovation do you think : After reading the course materials and reflecting on Aristotle's notion of final cause, which contemporary technological innovation do you think will have the greatest impact on your own life? Why? Will it be positive, negative, or both? Be very ..
Question regarding the investment opportunity : Mr. Bird has $120 income this year and zero income next year. The market interest rate is 10% per year. Mr. Bird also has an investment opportunity in which he can invest $60 today and receive $90 next year.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Why is the fact consistent with our discussion

Why might a parent company like McDonalds or Hilton choose to franchise its local outlets rather than own them and staff them with employees In many smaller cities all McDonald's outlets are owned by the same franchisee.

  What recommendations did they make do you agree with the

Summarize the November 1-2 FOMC meeting. What did they directly or indirectly imply? What recommendations did they make? Do you agree with the recommendations? Why or why not?

  Question if the full-employment level of y is 250 what

question if the full-employment level of y is 250 what fiscal policy might the government follow? d. suppose y 200 c

  How can you justify the existence of government-granted

How can you justify the existence of government-granted monopolies for public utilities such as natural gas distribution and electricity in the light of traditional economic argument that the more competition there is, the more likely it is that an e..

  Goal of the european union

What is the goal of the European Union?

  Expanding economy, inflation and households borrowing

Is it possible for the gross federal debt to rise in dollar terms but decline as a percentage of GDP? Explain your answer.

  At which point flat-of-the-curve medicine is experienced

Indicate at which point flat-of-the-curve medicine is experienced in the following example (imagine that antibiotics have been prescribed for a given population of 1,000 elderly persons). Number of prescriptions hospitalizations for community-acqu..

  Identify buyers and sellers as well as the goods or services

Choose a market for a good in your area that seems to be a perfectly competitive market. Identify the buyers and sellers as well as the goods or services. How closely do real world conditions match the characteristics listed in the model

  Impact on macro economy

Prepare a 1300 words report on Dodd Frank Wall Street Reform and Consumer Protection Act make a review and opinion of its impact on Macro Economy.

  Write an equation for sales

Toys unlimited LTD., must predict sales for popular adult computer game to avoid stockouts or excessive inventory charges during the upcoming Christmas season.

  Find effective annual rate of interest

Elizabeth has $35,000 in an investment account, but she wants account to increase to $100,000 in ten years without making any additional contributions to the account.

  What nonprogrammed decisions need to be made by the public

In view of the current events in the Business World (unemployment, stock market down, businesses closings, and declaring bankruptcy) what nonprogrammed decisions need to be made by the public and Businesses?

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