Find julies optimal basket of consumption

Assignment Help Business Management
Reference no: EM131584388

Julies utility function from food and clothing is U (F;C) = FC; here income, to be spent on food and clothing, is $12. Suppose that food costs $1 a unit for the rest 5 units bought; every additional unit of food (beyond 5) costs $2. Clothing costs $2 per unit always. Find Julies optimal basket of consumption.

Reference no: EM131584388

Questions Cloud

What interest rate would investment have to yield in order : What interest rate would the investment have to yield in order for Stanley’s brother to deliver on his promise?
Analyze the value of the marketing approach : Assess how Sinek's approach could be applied to your own organization.Discuss what might work and what is not applicable in Sinek's approach.
Describe unique features of your chosen film and genre : In a 1-2 page paper, describe unique features of your chosen film and genre and explain what you like and/or dislike about the genre.
Monetary policy from federal reserve : Describe GDP growth, unemployment, inflation/recession, international trade, currency valuation, fiscal policy government, monetary policy from federal reserve.
Find julies optimal basket of consumption : Suppose that food costs $1 a unit for the rest 5 units bought; every additional unit of food (beyond 5) costs $2. Clothing costs $2 per unit always.
Firm is considering purchasing new line of delivery vehicles : Your firm is considering purchasing a new line of delivery vehicles to expand its market.
Good and weak dollar always bad : Is strong dollar always good and weak dollar always bad? Explain your views with examples.
How many armbands need to be grabbed : Some of the players decide to form temporary teams in an arbitrary way. They put royal blue and lime green armbands into a bag, and each player closes her eyes.
Identify areas of your recording that had errors : Identify areas of your recording that had errors, long pauses, or other audio issues, and then based on your evaluation.

Reviews

Write a Review

Business Management Questions & Answers

  Formulate a goal programming model for problem

BUS 220 - Introduction to Decision Sciences - Use the Excel COUNTIF function to determine the number of tires that last longer than 40,000 miles. What is your estimate of the percentage of tires that will exceed 40,000 miles?

  Key components or aspects of standard operations

Define and explain the four key components or aspects of standard operations? How are standard operations used for both worker training and improvement?

  Roles and responsibilities of the operations manager

1. What are the roles and responsibilities of the operations manager? What other functional areas does the operations manager communicate with and why?

  What type of team is this

What type of team is this? Explain how this team will operate and mention at least two of the problems that may occur during the process.

  Turkey currency and the european union

Turkey has made a commitment to fully join the European Union. In a critical essay, indicate the main considerations Turkey will face from a currency perspective. Specifically, discuss any currency, interest, inflation, and trade issues if Turkey ..

  What constitutes a valid contract

Threaded discussion not a paper: Answer each question directly under the question minimum at least 3 sentences per question.(1) Class, now that we have an understanding of what constitutes a valid contract and some of the remedies for breach, let's f..

  Consolidated statement of financial position

Show how Parflex determined its Investment in Eagle account balance. c. Determine the amounts that should appear on Parflex's December 31, 2015, consolidated statement of financial position and its 2015 consolidated income statement.

  Challenges and rewards of being an entrepreneur

Expand upon the entrepreneur interview, and write a reflection paper on your chosen person. The entrepreneur reflection paper - challenges and rewards of being an entrepreneur.

  Illustrate what is the value per share of the company stock

Illustrate what is driving the success of international expansion? Whose model is better? Explain why?. Assuming the organization continues its current growth rate; illustrate what is the value per share of the company's stock?

  How can the government be your risk management friend

If you've not noticed this yet, our textbook is terribly British in its orientation and outlook on life; this is clearly apparent in the very brief discussions about legal and regulatory compliance regimes that organizations must deal with.

  What problems might the buyer have

Write a minimum of 150 words for each of the following questions. It is based on the attached file. Who are you selling to? What problems might the buyer have?

  What can bjc do to secure daimlerchryslers commitment

What can be done to make this type of organization more effective? Should DaimlerChrysler focus more resources toward BJC? What can BJC do to secure DaimlerChrysler's commitment?

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