Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
For each of the following situations, find the consumer’s optimal bundle. Be sure to show your work. Also, for each case, draw the consumer’s budget constraint, indicate the optimal bundle on the graph, and accurately draw the indifference curve that runs through the consumer’s optimal bundle.
a) U(X,Y) = X2Y. The consumer has $24 to spend and the prices of the goods are PX = $2 and PY = $4. Note that the MUX = 2XY and the MUY = X2.
b) U(X,Y) = MIN(2X,Y). The consumer has $60 to spend and the prices of the goods are PX = $2 and PY = $2.
c) U(X,Y) = 2X + Y. The consumer has $40 to spend and the prices of the goods are PX = $4 and PY = $1.
How might you construct a measure of the "change in the price level" What additional information might you need to construct your measure.
what market form did the market for graduation regalia (a gown, hood and mortar board) at ANU most closely resemble before Mr. Liu started his UniGowns business?
The Pizza Company is considering entering the marketplace in your community. Use the information from "The Pizza Company Data" worksheet, located in Week 3 of your course shell, to complete this assignment.
Illustrate what other additional information do you need, and how would you proceed if you had that information.
That's constraint on or side. For Indonesian voters, are economic issues paramount in this election.
There are pros and cons if policymakers use monetary and fiscal policy to stabilize the economy. Explain the main arguments in favor of economic stabilization. Explain why policy lags could make stabilization policies counterproductive.
Discuss one (1) recent price change that you have noticed while visiting your local supermarket. Determine whether or not the price change that you identified was a result of a change in either supply or demand.
Elucidate the concept of the multiplier, and explain the role of the marginal propensity to consume in determining the size of the multiplier.
What is the inflation year over this year? What nominal or money interest rate would the investor receive?
Explain what Alice must prove in order to maintain a claim for sexual harassment and constructive discharge.
Remain in mind about your paper that is going to be read by people without previous knowledge of game theory.
Write down the total and marginal revenue functions (d.) Suppose there is a 4 % increase in advertisement. What will be the effect on demand?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd