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!
An individual purchases quantities a, b, and c of three different commodities whose prices are p, q, and r, respectively. The consumer spends m dollars, where m > 2p, and the utility function is given by
U(a,b,c)= a+ln(bc)
Show that the optimal expenditure on the second and third good is equal to p (that is, show that when utility is maximized, the expenditure on each of the second and the third good is equal to p).
Find a, b, and c when utility is maximized (you may assume Lagrange multipliers corresponds to the maximum solution).
You’re fairly well up the food chain at the U.S. EPA in the summer of 2015 (you got fast-tracked as a result of all you learned in your Spring 2015 environmental economics course) and have been asked to put together a set of policies to protect ecosy..
List the potential costs and benefits of placing a substantial percentage of pay at risk for all employees in the following types of organizations: a hospital, a restaurant, a brokerage firm, and a fashion design house.
Elucidate which firm's product provides the greatest value-created.
When looking at prices, you will find that they are flexible in our economy. What would happen if the government started to control the direction of prices? How would buyers be able to respond to these changes?
Write the print f C Code which will display the output with three spaces preceding it. Illustrate what is the marginal cost of the last bucking bronco produced.
q1. suppose that there are only 2 inputs i.e. labor and natural resources which produces 2 goods i.e. movies and
Ann’s preferences are represented by a utility function UA(x). Suppose one were to (colloquially) say that Carol has more “sensitive preferences” than Ann: her utility function UC (x) satisfies UC (x) = 2UA(x). Prove that for every choice set, Ann an..
Explain the difference between a positive and negative externality. In your analysis, make sure to provide an example of each type of externality. Why does the government need to get involved with externalities to bring about market efficiency? What ..
Suppose there are two goods being produced in the economy: robots and wheat. Robots are a capital intensive good and wheat is a labor intensive good. Suppose that there are two countries: France and Brazil. Be sure to include (1) the production possi..
Illustrate what is the proper role of unions. Why are they declining in membership and influence in the economy.
Romans utility function os U(x,y)=6xy. The prices of goods x and y are $12 and $15. The indifference curve is tangent to his budget constraint, where he is consuming 20 units of good x. How many units of good y must he be consuming?
Pick any public company and discuss which 2 or 3 macroeconomic indicators which would most profoundly affect that business and why.
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