Q1 suppose that i make 15 per hour and you make 20 per hour

Assignment Help Business Economics

Reference no: EM13352494

Q1. Suppose that I make $15 per hour and you make $20 per hour and we both like to eat hamburgers that cost $5 each. Compare my real wage (in terms of hamburgers) to your real wage.

Q2. Michael spends $10 a month on both Pez dispensers and Superman action. His marginal-utility-to-price ratio for the Pez dispensers is 40, while his marginal-utility-to-price ratio for Superman action. Explain why Michael is not maximizing his utility and how can he change his behavior to increase his utility?

Reference no: EM13352494

Questions Cloud

Q1 explain a voting pattern using the actual votes taken by : q1. explain a voting pattern using the actual votes taken by at least 15 legislators in the u.s. congress a state

Q you sell a commodity in a market that resembles perfect : q. you sell a commodity in a market that resembles perfect competition and your cost function is cq 2q 3q2.

Q1 a plant has a capacity of 4100 hydraulic pumps per month : q1. a plant has a capacity of 4100 hydraulic pumps per month. the fixed cost is 504000 per month. the variable cost is

Q1 laura bought word -processing software in 2005 for50 : q1. laura bought word -processing software in 2005 for50. lauras twin brother laurence buys an upgrade of the same

Q1 suppose that i make 15 per hour and you make 20 per hour : q1. suppose that i make 15 per hour and you make 20 per hour and we both like to eat hamburgers that cost 5 each.

Q1 consider an investment that will pay 680 per month for : q1. consider an investment that will pay 680 per month for the next 15 years and will be worth 28000 at the end of that

Q1 what factors might contribute to a low or high growth : q1. what factors might contribute to a low or high growth rate in a country? why do some poor countries experience

Q1 the city council realizes that the telephone company : q1. the city council realizes that the telephone company could curtail pay phone service in response to the ceiling. to

Q1 a subject extends his arm palm up to catch a falling : q1. a subject extends his arm palm up to catch a falling object. the contact of object with the hand triggers a

User Account

All Pages