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A consumer has a budget of $189. The price of Good X (Px)= $7.00.
The price of Good Y (Py) is also $7.00. The consumer has a utility function given by U= X^1 Y^2.
Calculate the number of units of good X, in the consumer's utility maximizing bundle.
Critically examine joan robinson model of economic growth and capital accumulation
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Solve the labour supply model, replace the utility function. In each, how does the labour supply depend on the wage? How does it compare to the log utility model? Explain.
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The south End bookstore has an annual profit of $370,000. The owner i considering opening a second book store on the north sde of the campus. He can lease an existing building for 5 years with an option to continue te lease for a second 5-year period..
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