Indifference curve passing through point

Assignment Help Business Economics
Reference no: EM131395842

The utility function U = (X^3)Y. When X (on the horizontal axis) =16 units and Y (on the vertical axis) = 48 units, the marginal rate of substitution of the indifference curve passing through this point is?

Reference no: EM131395842

Questions Cloud

Calculate the appropriate charge for each group : Calculate the appropriate charge for each group, accumulating the total charges for all groups, and computing the average charge and the number of groups that used the studio.
Examine the performance of the us : The last three Presidents of the United States were all elected to a second term in office. Let's examine the performance of the U.S. economy during the first term of each of the last three Presidents.
Definitions by subclass or demonstrative definitions : Determine whether the following are demonstrative definitions, enumerative definitions or definitions by subclass.- "Prime number" means a number greater than one that is divisible only by itself and one.
Describe the consequences of underfitting a model : Describe the consequences of (i) underfitting a model and (ii) overfitting a model - One key advice is to keep the topic simple and specific. Another key advice is to begin your project early. You will likely find that gathering data can sometimes ..
Indifference curve passing through point : The utility function U = (X^3)Y. When X (on the horizontal axis) =16 units and Y (on the vertical axis) = 48 units, the marginal rate of substitution of the indifference curve passing through this point is?
Definitions by subclass or demonstrative definitions : Determine whether the following are demonstrative definitions, enumerative definitions or definitions by subclass.- "Prime number" means a number greater than one that is divisible only by itself and one.
Nominal exchange rates between the us and japan : If both the real and nominal exchange rates between the US and Japan remain unchanged while Japan experiences 0.5% deflation, what, if anything, can we say about inflation in the US?
Write a program in c++ that converts from miles to kilometer : Write a program in C++ that converts from miles to kilometers. Your program should have a reasonable prompt for the user to enter a number of miles. Hint: There are 1.609 kilometers to the mile.
Efficiency in the presence of externalities : Cigarette smoking imposes many external costs on society: secondhand smoke, the litter on the street from discarded butts, and so on. Therefore, the market equilibrium quantity of cigarettes is not equal to the socially optimal quantity.

Reviews

Write a Review

Business Economics Questions & Answers

  How many hours should you schedule the worker

Suppose that you can schedule a worker for up to 4 hours per day. The total benefit and total cost functions are B(H) = 300H - 20H^2 and C(H)= 500H + 60H^2. The corresponding formulas for marginal benefit and marginal cost are MB(H) = 300 - 40H and M..

  Consumer income rises

If MPC is .75 then if consumer income rises by $10,000 we would predict that consumption will: A. rise by $7500 while savings fall by $2500. B. fall by $2500 while savings rise by $7500. C. rise by $7500 while savings rise by $2500. D. fall by $2500 ..

  What is currently occurring to the supply also demand

Illustrate what is currently occurring to the supply also demand for labor also its effects on wages, union membership, also other labor force related topics.

  Pro forma income statements

The hospital’s marketing and finance departments have just provided you, as chief financial officer, with pro forma income statements for your proposed sonogram center.

  Disadvantages of the incentives under capitation

Some doctors in the US are paid a fee for all the services they perform for their patients. Other doctors receive a fixed payment (capitation) for each of their patients, regardless of the number of services performed. What are the advantages and dis..

  Regardless of sales levels

A tobacco company is interested in hiring a salesperson to promote smoking cigarattes in nightclubs. The position pays a flat salary of $50,000, regardless of sales levels. The firm has two applicants, predictable Patty and Risky Ricky. Now assume bo..

  Calculate the unit cost of product if the material cost

Calculate the unit cost of a product if the material cost is $3 per unit, labor is $5 per unit, and over­head is calculated at a rate of 150% of labor. The first cost of the equipment needed for production is $50,000, with a life of 12 years and a sa..

  Morning coffee with milk

Boris budgets $9/week for his morning coffee with milk. He likes it only if it is prepared with 4 parts coffee and 1 part milk. Coffee costs $1/oz, milk $0.50/oz. How much coffee and how much milk will Boris buy per week? How will your answers change..

  Compute ikonomias gross national expenditure

Compute Ikonomia's gross national expenditure (GNE), gross national income (GNI) and gross national disposable income (GNDI).

  Price discriminating monopolist take to increase profits

Suppose the price at which a monopolist is selling its output is $8, and the marginal revenue associated with the last unit of output sold is $7. Suppose further that the marginal cost of producing the last unit of output sold is $6. Which of the fol..

  Companys objective of profit maximization

The following is a quote from a news article: "If a company makes product donations to the school- computers for instance - then the image of a. company goes up as graduate students use the company's products." Does such action consistent with a comp..

  Should the other physicians be found guilty of malpractice

Brice just finished a residence in internal medicine and wants to go into practice with Horace and Joyce. Brice tells you that while he needs to practice with other physicians for call coverage and for other reasons, he does not want to be personally..

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