User Account

All Pages

Calculate the upf for economy

Assignment Help Microeconomics
Reference no: EM133240944

An economy has two commodities and two consumers with preferences UA(xA,yA) = 210g xA tyA UB (XB, yB) = 3log XB + yB Society has an endowment of one unit of each good in total so that xA + XB = yA + yB = 1. Calculate the UPF for this economy and graph it. Why does it have such a special shape, in spite of diminishing marginal utility?

Reference no: EM133240944

Questions Cloud

Egalitarian-authoritarian and traditional-inegalitarian : Distinguish between the egalitarian-authoritarian and the traditional-inegalitarian forms of government.
Cross-price elasticity of demand : Calculate the point price elasticity of demand. Is demand elastic, inelastic, or unit elastic. The demand curve is given by
Design a treatment plan consisting of goals and objectives : Choose a theorist and theoretical orientation of that theorist, he student will design a treatment plan consisting of goals and objectives
Model of individual health behavior : Pick a theory or model of individual health behavior and describe an example from the research literature as to how this theory or model
Calculate the upf for economy : Calculate the UPF for this economy and graph it. Why does it have such a special shape, in spite of diminishing marginal utility?
What is IBM Watson : What is IBM Watson? Explain the concepts and connection between natural language processing, machine learning and big data. Explain what opportunities
What are potential risk in rationing and cutting it services : what are the potential risks in rationing and cutting IT services. Using appropriate examples, discuss how you would cut an IT service budget
What happens to the healthcare organization : What are the differences between insurance and a no-charge healthcare system? What happens to the healthcare organization giving out too much free care
How can we find out what their needs are : How can we find out what their needs are and How can we understand how they view the quality of the systems we provide?

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd