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!
Problem 1: Lola from La Jolla consumes housing (H) and food (F). Her student stipend is$600/month.She has a utility function of U(H, F)=FH2 where MUH =2FHand MUF = H2.The current prices are $1 per unit offood and $10 per unit of housing.
(a) Prove that she will consume 40 units of housing and 200 units of food.
(b) The government is worried that her 40 units of housing isn't enough.They agree to subsidize her housing by 50%, lowering the price sheactually pays for housing to $5.If the price of food is $1 and theprice of housing is $5, calculate Lola's optimal bundle of goods.
(c) How much does The Government spend on this program?(c) Calculate her utility level using the utility function above and the quantities consumed with the subsidy.
(d) Calculate Lola's utility maximizing bundle and her resulting utilitylevel if the government chooses to simply give her the money theywould have spent on the program (rather than subsidize housing).Given the two programs cost the same, which one is better for Lola?
The salvage value at the end of five years is 0. The potential revenue in any given year is independent of any other year. Determine the mean and standard deviation of the present worth, using an interest rate of 12%.
Russia imports 5 billion Rubles of goods and exports 7 billion rubles of goods. At the same time, Russia imports 4 billion rubles of services, and Russia makes a 2 billion Ruble net unilateral transfer to Albania. Net Foreign Investment Income. Russi..
The demand for good X has been estimated by QXd =12 - 3PX + 4PY. Suppose that good X sells at $2 per unit and good Y sells for $1 per unit. Calculate the own price elasticity when the price of X increases to $3.
Explain the specific business decision that management made after computing this value. Analyze how management used the concept of the time value of money principles to make this decision.
Suppose a wage increase from $11 to $13 an hour increases the number of job applicants from 42 to 56. What is the price elasticity of labor supply?
The following questions are based on fixed exchange rate and/or flexible exchange rate regime from the perspective of macroeconomic policy implications in an open macroeconomic model. Assume a country is in a fixed exchange rate regime such as China...
Across the three social media options, which of the four measures is likely to have the greatest impact on the success of the branding campaign.
Would the outcome of a Hotelling model with prices regulated by the government be efficient?
Suppose there is an increase in the immigration to the US from around the world (ie. No specific country). Show graphically how this affects the growth rate of both output per capita and total output in the short and the long run. Chart the time path..
Write a 1- to 1.5-page paper describing the benefits, recommendations, and evaluation plans for your business solution, including:
Compare and contrast the difference between nominal and real GDP. Explain the challenges that an economy will be facing if GDP is constantly changing for the various stakeholders that are involved.
Provide an example for each about decision-making, interaction and workings of economy. Explain how that influences marginal benefits and marginal costs associated with decision to purchase a house.
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