Give type of goods the apple and raspberry are for geoffrey

Reference no: EM13222052

Assume there are 2 goods in the work: apple and raspberry. Say that geoffrey has a utility function for these goods, where r= quantity of raspberry, a =quantity of apple.

U = 4r + 3a

what is the marginal rate of substitution between the raspberry and the apples if geoffrey consumed 50 raspberries and 50 apples? what is the marginal rate of substitution if geoffrey consumed 100 raspberry and 50 apples? what do these answers to these question imply about the type of goods the apple and raspberry are for geoffrey?

Reference no: EM13222052

Questions Cloud

What is the major problem in achieving an efficient use : what is the major problem in achieving an efficient use of the worlds water if there were a global market in water, like there is in oil, how do u think the market would work would a free world market in water achieve an efficient use.

Explain what wavelength of light would a photon : Silicon has a band gap of 1.1 eV at room temperature. What wavelength of light would a photon of this energy correspond to?

Explain how does a firm then maximizes their revenue : The definition of a price maker is a firm with some power to set the price beacuse the demand curve for its output slopes downward, which is effect, means those firms with a downward sloping demand curve have have some market power.

Compute the initial rate of a first-order reaction : Calculate the initial rate of a first-order reaction if the concentration of reactant is 0.63 M and the half-life is 6.9 s

Give type of goods the apple and raspberry are for geoffrey : Assume there are 2 goods in the work: apple and raspberry. Say that geoffrey has a utility function for these goods, where r= quantity of raspberry, a =quantity of apple. U = 4r + 3a what is the marginal rate of substitution between the raspberry

Define what is the molar mass of the protein : A solution containing 29.95 mg of an unknown protein per 29.0 ml solution was found to have an osmotic pressure of 3.30 torr at 32 degrees C. What is the molar mass of the protein?

What are the six standards of quality health care : What are the six standards of quality health care defined by the institute of medicine ?explain one of the standards and give example and what is pay for performance ?How ahould the approach influence the quality ans cost of healthcare services

Define concentration and temperature and mass and density : certain substance has a temperature of 30 oC, a mass of 10.2 g and a density of 1.02 g/cm3. What will the % concentration, temperature, mass and density of 20.0 mL of this solution be?

How is individual job performance assessed : How is individual job performance assessed and how is individual preparedness for promotion assessed and what is the budget for the succession planning program, if you know it? How is the succession program evaluated? What measures or metrics are u..

User Account

All Pages