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.
Short Paper on Cross-cultural Opportunities and Conflicts in Canada.
Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.
This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.
Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.
Individual Assignment : Two Models Handout and Rubric, This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.
The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.
In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.
Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.
The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.
Prepare the power point presentation for the case: Santa Fe Independent School District
Information literacy is critically important in this contemporary environment
Write a definition for associative property of multiplication.
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