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the utility function (x1,x2)= (x1+1)(x2+4). The price of x2 is $1. Lee spends all his income to buy 6 units of x2 and no x1. What is the minimum level of the price of x1 compatible with these facts?
Suppose that you believe the fundamental value of Wal-Grey stock is about to rise from $50 to $100 because of its new management team. You have $20,000 that you can risk in the market, where the market interest rate is 6%. You can think of four po..
Jim's utility function is U(x, y) = xy. Jerry's utility function is U(x, y) = 1,000xy + 2,000. Tammy's utility function is U(x, y) = xy(1 - xy). Oral's utility function is U(x,y)= -1/(10+2xy).Marjoe's utility function is U(x, y) = x(y + 1,000).
A selfless person approached Jones and Smith with a $100 bill and offers to sell it to the highest bidder, but both the winning and losing bidders must pay for their bids. So if Jones bids $2 and Smith bids $1they pay a total of $3, but Jones gets..
A plastic liner will cost $0.90 per square foot initially and will require replacement in 15 years when precipitated solids will have to be removed from the pond using heavy equipment. This removal will cost $500,000.
The Fox River is boarded on the east by Illionis Route 25 and on the west by Illionis Route 31. along one stretch the of river, there is a distance of 16 miles between adjacent crossings. An additional crossing in this area has been proposed, and ..
Vincent van Gogh can produce paintings at constant marginal cost cV V G = 1. The population of buyers of VVG paintings is grouped into two categories: Serious Art Collectors (SAC) and Casual Art Collectors (CAC). The SAC to CAC population ratio is..
The loan is to be repaid in seven equal annual installments including interest. The firm's marginal income tax rate is 39%. The equipment qualifies for MACRS 5-year property. a. Calculate the interest on loan for each year.
What is the probability that the interval [Z-1, Z+1] contains the value 0? e.) What is the probability that the interval [Z-1, Z+1] contains the value 2? f.) What is the probability that the interval [Z-1, Z+3] contains the value 2? g.) What is the p..
Assume that gross private domestic investment is $800 billion and the government (state, local, and federal combined) is currently running a $400 billion deficit. If households and businesses are saving $1,000 billion, what is the value of net exp..
consider the following production function: q= 8lk+ 4l^2-(1/3)^3, Given the following expression for the marginal productivity of each input: MPl= 8K+8L -L^2 and MPk -8L Assuming capital is plotting in vertical axis and labor is plotting in horizont..
find the covariance between hourly wage X and education Y (measured in years of schooling) using the following summary statistics for a sample of 10 workers in a plant. xbar = 11.775 ybar=13.8 sum of (x-xbar)(y-ybar) = 103.55 sum of xy =1728.5
A perfectly competitive firm faces a market price of $10 for its output X. It owns two plants A and B whose total costs are: TCA = 10 + 2X + .25X2 TCB = 15 + .4X + .1X2 = 15 +4 + 10 How many units should each plant produce to maximize profit at that ..
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