What happens to the mrs

Assignment Help Business Economics
Reference no: EM13149065

A consumer buys only two goods, X & Y. a) If the MRS between X and Y is 2 and the marginal utility of X is 20, what is the marginal utility of Y? b) If the MRS between X and Y is 3 and the marginal utility of Y is 3, what is the marginal utility of X? c) If a consumer moves downward along an indifference curve, what happens to the marginal utilities of X and Y? What happens to the MRS?

Reference no: EM13149065

Previous Q& A

  Define chemical potential energy from rotating turbines

chemical potential energy from rotating turbines into thermal energy. B) electrostatic energy from rotating turbines into chemical energy

  Find the prices corresponding to bertrand-nash equilibrium

Two firms with differentiated products compete in prices with demands: q1: 1-P1+0.5P2 q2: 1-P2+0.5P1 Suppose that both firms can produce at the same constant marginal cost c. a. Draw the best response functions. b.Find the prices corresponding to th..

  Show analytically that equilibrium price under cournot

Show analytically that equilibrium price under Cournot is greater than price under perfect competition but lower than monopoly price.

  Change in irr ranking of two projects

Explain why the short-term project might be higher ranked under the NPV criterion if the cost of capital is high whereas the long-term project might be deemed better if the cost of capital is low. Would changes in the cost of capital ever cause a ..

  Find probability that firm will break previous export record

if they expect to satisfy about 80 orders in the next financial quarter, what is the probability that they will break their previous export record?

  Compounds are always composed of two or more elements

Compounds are always composed of two or more elements. Atoms of different elements are different. Isotopes have the same number of protons but a different number of neutrons.

  Paid-in capital-excess of par increase for transaction

Montgomery & Co., a well established law firm, provided 500 hours of its time to Fink Corporation in exchange for 1,000 shares of Fink's $5 par common stock. Mitchell's usual billing rate is $700 per hour, and Fink's stock has a book value of $250..

  Estimate of cross-price elasticity of demand for gasoline

Provide an estimate of the cross-price elasticity of demand for gasoline, both with respect to new cars and with respect to used cars. Are these estimates statistically significant? Do they align with economic theory? Give an interpretation of y..

  Timulated economic growth

Give your opinion on whether or not the development of the International Space Station stimulated economic growth. Justify your response.

  Probability that selected student is a liberal arts major

A student is selected at random to represent the school at a conference. The probability that the selected student is a liberal arts major is what?

Reviews

Write a Review

 

Similar Q& A

  Incorporate tastes into economic models only to the extent

Incorporate tastes into economic models only to the extent that tastes determine whether pairs of goods are substitutes or complements.

  Consumption change this year in absolute dollars

Explain how much does consumption change this year in absolute dollars as a result of a $5,000 annual tax cut to your income, if the tax cut.

  Characteristics of proprietorships

Characteristics of Proprietorships what percentage of sole proprietorships is engaged in retail trade? Why might more sole proprietorships be engaged in services rather than manufacturing?

  Marketplace is highly competitive with box currently selling

The marketplace is highly competitive, with boxes currently selling for $100 every thousand. Conigan's total and marginal cost curves.

  First street bank henry trudeau

Afterward on same day Jane Harris discussed a loan for $5400 at same bank. Exemplify after these transactions, the supply of money.

  What is the mrts for this production function

Sketch the isoquant corresponding to an output level of 100 units What is the MRTS for this production function? Does the isoquant exhibit a diminishing MRTS?

  Structural engineering design section within the engineering

The structural engineering design section within the engineering department of a regional electrical utility corporation has developed numerous standard designs

  How do se forces differ from external stakeholders

Identify at least four forces in general environment of organizations and provide an example of each for an industry or business. How do se forces differ from external stakeholders in task environment.

  Justice department would challenge

Determine whether the Justice Department would challenge a merger between two firms in an industry with 10 equal-sized firms.

  Categorizes your potential consumers

All costs of exhibiting movies are fixed except for the $3.50 royalty payment you must make to the film distributor for each ticket sold.

  Llustrate what are the quantities produced before and after

llustrate what are the quantities produced before and after the tax was imposed.

  What is the equilibrium cost and equilibrium supply

What is the equilibrium cost as well as equilibrium supply.

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