A lisa consumes only pizzas p and burritos b her utility

Assignment Help Macroeconomics

Reference no: EM13379467

a.) Lisa consumes only pizzas (P) and burritos (B). Her utility function is U=P^0.5 B^0.5. The price per pizza is $10 and the price per Burrito is $5. In equilibrium, Lisa consumes 4 pizzas. Using Lisa's utility function, calculate how many burritoes she consumes.

b.) why can't all goods be inferioir?

Reference no: EM13379467

Questions Cloud

Pollys pet store on the island of atlantis has a local : pollys pet store on the island of atlantis has a local monopoly on the grooming of dogs. there are 1000000 citizens of

An economy consists of two regions the north and the south : an economy consists of two regions the north and the south. the labor market is initially in an economy-wide

In a paticular industry labor supply is es10w and labor : in a paticular industry labor supply is es10w and labor demand is ep70-3w where e is the level of employment and w is

According to the american metal markets magazine the spot : according to the american metal markets magazine the spot market price of u.s. hot rolled steel recently reached 580

A lisa consumes only pizzas p and burritos b her utility : a. lisa consumes only pizzas p and burritos b. her utility function is up0.5 b0.5. the price per pizza is 10 and the

Suppose 10 of all workers are of high ability if a firm : suppose 10 of all workers are of high ability. if a firm knows a workers ability workers of low ability are paid 20000

Kermit is considering purchasing a new computer system the : kermit is considering purchasing a new computer system. the purchase price is 100000. kermit will borrow one-fourth of

Hebron and stack discuss the fragmentation of nations - the : hebron and stack discuss the fragmentation of nations - the rise of smaller units within a nation. while this is

Suppose your friend macklemore derives utility only from : suppose your friend macklemore derives utility only from purchasing clothing and food. his utility curve is given

User Account

All Pages