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!
Herbert spends all $50 of his pay check on food and shelter which each cost $5 per unit.
a. What is the equation of his budget line?
b. Sketch the budget line and two possible indifference curves that Herbert might have. One indifference curve should show Herbert spending his entire budget but consuming too much shelter. Label that point on the graph A. The other indifference curve should show Herbert optimizing his utility. Label the optimal point B.
c. What is Herbert’s marginal rate of substitution between food and shelter when he is consuming his utility maximizing market basket?
q.suppose there is a credit market imperfection due to limited commitment. each consumer has a component of wealth that
If investors dislike of risk grows more intense while the risk-free interest rate is constant, will average expected rates of return rise or fall?
Other things being equal, woudl this tend to increase planned expenditure in the United States by exactly, more than, or less than $50,000? Would it shift the aggregate demand curve to the right, the left or not at all? Explain in detail.
Utilize your general knowledge of equilibrium prices to explain why the previous interest rate is no longer sustainable.
What is opportunity cost of producing one more bushel of wheat in US. Which country has a comparative advantage in winter hats.
Ben Laden is considering an attempt to differentiate his product from several other competitors by using high quality natural herb dyes.
Compute the upper and lower limits within which marginal cost may vary without affecting the profit maximizing output or the price.
Suppose that the inflation rate in Oct is 8.1%, the inflation rate in Nov is 2.6%, and the inflation rate in Dec is 8.9%. The Price Index was 100 in September. What is the value of hte price index in December?
NBC executives have developed a new professional sports league—the XBL (Extreme Badmiton League). The short-run production function for televised games has been determined to be Q=25L-2.25L2, where L is the number of players.
full over the last month, are you optimizing. Illustrate wow about if it is 75% full at 9 am.
Explain why dose the profits of firms that buy their inputs in perfectly competitive market and sell their output in imperfectly competitive markets tends to increase when there is excess supply
The data-plotting tool will automatically connect the points with a line.
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