Are flowers or water more valuable to ben

Assignment Help Basic Computer Science
Reference no: EM132038234

Ben spends $20 a year on 2 bunches of flowers and $50 a year on 10,000 gallons of tap water. His marginal utility from flowers is 2 units and his marginal utility from water is 0.5 units per gallon.

Are flowers or water more valuable to Ben? Why? Explain Provide a detailed explanation how Ben's expenditure on flowers and water illustrates the diamond-water paradox

Reference no: EM132038234

Questions Cloud

What is the expected return of the above portfolio : If the expected market rate of return is 7%, and the riskless rate is 1.5%, what is the expected return of the above portfolio according to CAPM?
What is the annual yield-to-maturity on this bond : The current price of the bond is approximate $933.55. What’s the annual yield-to-maturity on this bond?
Complete a successful draft literature review : Strive for clarity and conciseness in your problem statement. Knowing exactly what you are seeking is the best way to focus your search productively.
Implications for location choice of multinational firms : What are two trade theories that have direct implications for location choice of multinational firms?
Are flowers or water more valuable to ben : Are flowers or water more valuable to Ben? Why? Explain Provide a detailed explanation how Ben's expenditure on flowers and water illustrates
What precipitated the on-demand economy : Identify IT architecture changes needed to support the success of the on-demand economy - What precipitated the on-demand economy
Level of technology in country a relative to country b : a. What is the level of technology in country A relative to country B? b. What is the level of efficiency in Country A relative to Country B?
What are the risks for the macroeconomy : If a bank fails, what are the risks for the macroeconomy that do not exist for other businesses?
Why is it important to critically analyze sources : Why is it important to critically analyze sources? Why are scholarly sources more appropriate for academic research? 150 words or more with sources

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Identifies the cost of computer

identifies the cost of computer components to configure a computer system (including all peripheral devices where needed) for use in one of the following four situations:

  Input devices

Compare how the gestures data is generated and represented for interpretation in each of the following input devices. In your comparison, consider the data formats (radio waves, electrical signal, sound, etc.), device drivers, operating systems suppo..

  Cores on computer systems

Assignment : Cores on Computer Systems:  Differentiate between multiprocessor systems and many-core systems in terms of power efficiency, cost benefit analysis, instructions processing efficiency, and packaging form factors.

  Prepare an annual budget in an excel spreadsheet

Prepare working solutions in Excel that will manage the annual budget

  Write a research paper in relation to a software design

Research paper in relation to a Software Design related topic

  Describe the forest, domain, ou, and trust configuration

Describe the forest, domain, OU, and trust configuration for Bluesky. Include a chart or diagram of the current configuration. Currently Bluesky has a single domain and default OU structure.

  Construct a truth table for the boolean expression

Construct a truth table for the Boolean expressions ABC + A'B'C' ABC + AB'C' + A'B'C' A(BC' + B'C)

  Evaluate the cost of materials

Evaluate the cost of materials

  The marie simulator

Depending on how comfortable you are with using the MARIE simulator after reading

  What is the main advantage of using master pages

What is the main advantage of using master pages. Explain the purpose and advantage of using styles.

  Describe the three fundamental models of distributed systems

Explain the two approaches to packet delivery by the network layer in Distributed Systems. Describe the three fundamental models of Distributed Systems

  Distinguish between caching and buffering

Distinguish between caching and buffering The failure model defines the ways in which failure may occur in order to provide an understanding of the effects of failure. Give one type of failure with a brief description of the failure

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