User Account

All Pages

Calculate the utility maximixing bundle

Assignment Help Business Management
Reference no: EM131348685

Imagine your utility function is U = X^1/2Y^1/2. The price of X is $20 per unit and the price of Y is $30 per unit, and you have a budget of $1200. a) Calculate the utility maximixing bundle (a) of X and Y.

Reference no: EM131348685

Questions Cloud

Design a system to remove the respiration carbon dioxide : Design a system to remove the respiration carbon dioxide from inside a submarine and replace it with oxygen.- Maintain the oxygen partial pressure at all times in your mixture equal to that in atmospheric air at 0.1013 MPa and 20.0°C.
Price of cigarettes leads : For teens, a 10 percent increase in the price of cigarettes leads to a:
Decrease in employment for workers : "Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage."
Prepare a preliminary design for a cooling tower : Prepare a preliminary design for a cooling tower that will cool 30,000 kg/s of water from 40.0°C to 30.0°C. Atmospheric air enters at 20 ± 10°C with a relative humidity of 45 ± 15%.
Calculate the utility maximixing bundle : Imagine your utility function is U = X^1/2Y^1/2. The price of X is $20 per unit and the price of Y is $30 per unit, and you have a budget of $1200. a) Calculate the utility maximixing bundle (a) of X and Y.
Monetary policy iscompletely ineffective : Discuss the circumstances under which monetary policy iscompletely ineffective.
Cases of clear negligence : Studies have shown that even in cases of clear negligence, patients are less likely to sue doctors who they like, that is, doctors who treat them kindly and are apologetic when things go wrong.
Draw the lorenz curve from data : This question concerns income distribution. Say that a country's income is split into quartiles as follows: 1st: 10%, 2nd: 15%, 3rd: 20%, and 4th: 55%. a. Draw the Lorenz curve from this data.
Labor mobility between countries a and b : This question concerns labor mobility between countries A and B. a. Say that country A's MPL = -L + 10 and country B's MPL = 2L + 1. What would be the optimal amount of L? Note: country B's MPL is written in terms of the coordinates of country A.

Reviews

Write a Review

Business Management Questions & Answers

  The political approach to decision making

Please describe the political approach to decision making: The Incremental Model

  Explain only managed to do so under heavy doses

Explain only managed to do so under heavy doses of tranquilizers prescribed by her doctor, Morton Mallard.

  Problem regarding the organizational behavior

Renaldo is choosing his classes for next term at State University. His advisor suggests he take Organizational Behavior. Renaldo says, "Why would I take that class? It's all common sense anyway." Please take the role of his advisor and sell Renald..

  Description of sociological perspectives

How do the three sociological perspectives differ and Does one make more sense to you than the others? Which one and why?

  Vapor density and vapor pressure contribute

Discuss how vapor density and vapor pressure contribute to the hazards of a spilled or released hazardous material. Provide examples that illustrate your points.

  Leading a migration planwho should lead the migration plan

leading a migration planwho should lead the migration plan from an existing process to an automated one for the

  Distance learning start ups for business

Assume you have a meeting with the CEO and other high ranking administrator of a firm that invests in distance learning start ups. Your target is to achieve a loan for a distance learning firm that you would like to start.

  How long can the fossil fuel sustain energy

If no, give analysis as to why it will not overtake fossil fuel gasoline energy car? How long can the fossil fuel sustain energy for 5 billion population?

  Present value of the new purchase option

Calculate the net present value of both the new purchase option and the lease option. Show all work. Determine the best option for Proust and justify your answer.

  Explain general environment trends

What are the effects of the general environment trends on the coffee industry? What are some industry driving forces and why are they driving forces?

  Case study- truck is stolen

Kyle takings his truck to Jiffy Auto Repairs to have some work done. He has a wicked seal in the transmission and the fluid is leaking out. Since the parts will have to be ordered the repairs will take several days

  Trade off between inflation and unemployment

Why do policy makers face a short run trade off between inflation and unemployment and how can the inflation-unemployment tradeoff disappear in the long run?

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