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!
Price of good X is $1.50 and the price of good Y is $3. You have $45 to spend and your preferences over X and Y are defined as:
U(x,y) = x2/3y1/3
a. Calculate the marginal utility of X (remember, this is the change in utility resulting from a slight increase in consumption of X).
MY TRY: MUx= 2/3 (x-1/3y1/3)
b. Calculate the Marginal Utility of Y
MY TRY: MUy= 1/3(x2/3y-2/3)
c. What is the optimal choice of X and Y given the PX = $1.50, PY = $3 and I = $45. This answer requires a numerical answer. £(X,Y) = x2/3y1/3 + λ(45 - 1.50X - 3Y)-this is a hint.
d. If Income is decreased to $81 (I1 = $81) calculate and show your work on how the optimal choice of X and Y change.
e. At an income of $81 and the price of good X is $1.50 and the price of good Y is $3, what is the total utility achieved given the Utility Function.
What is the importance of team meeting? Give examples.
Is Canada a good model for the United States? What are the pros and cons - What are some fears and concerns in regard to universal health care?
Provide a brief history of other statutes that may have led to the creation of the current statute. Describe the range of punishments for violation of the law.
Which of the following do you prefer most for threat modeling a data store and why? STRIDE, STRIDE-per-Element,
What is your opinion on the importance of scientific literacy especially in this current day and age
The national U.S. cesarean section rate was 4.5% in 1965 when it was first measured (Taffel et al. 1987). In more recent years, the national cesarean section rate is much higher and has been increasing steadily in subsequent decades.With the 2007..
She suffered substantial losses and intends to recover damages from the company and/or other directors
Identify the theory that will be used to analyse the case study. The reader should be able to get a clear picture of the essential contents of the study.
Carefully review the Case Description: Mr. I-Psychiatric Inpatient Interpretive Report; this patient was referred to you after being admitted.
Explain the problem of zebra mussels, and invasive species (see Case Study 11.1 in Natural Resource Conservation). Describe their spread in North America.
What law or laws are applicable to this criminal and these crimes? Why? How are you going to work with other agencies?
Summarize the five congressional findings that helped to create the final GINA law, including a description of at least two elements.
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