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!
Suppose there are two consumers, A and B.
The utility functions of each consumer are given by:
UA(X,Y) = X2Y
UB(X,Y) = X*Y
Therefore:
The initial endowments are:
A: X = 120; Y = 6
B: X = 30; Y = 14
a) Suppose the price of Y, PY = 1. Calculate the price of X, PX that will lead to a competitive equilibrium.
b) How much of each good does each consumer demand in equilibrium?
Consumer A's Demand for X:
Consumer A's Demand for Y
Consumer B's demand for X
Consumer B's demand for Y
c) What is the marginal rate of substitution for consumer A at the competitive equilibrium?
if the price elasticity of demand for bananas is -1.5 and the price elasticity of demand for grapefruit is -2.5 and the
How did the Fed use the main tools of monetary policy to respond to the financial crisis that began in 2007? What additional programs did the Fed create and implement to facilitate its role as lender of the last resort? What was the primary purpose o..
On the vertical axis is the price and the horizontal axis is the quantity?
Population growth: Suppose the world population today is 7 billion, and suppose this population grows at a constant rate of 3% per year from now on.
suppose the equation for demand can be expressed as p 120 -.65q p price of a good and q is the quantity of the good
What is the profit-maximizing price of carpets? What is the maximum amount of profit that the firm can earn selling carpets?
Kaiser's Ice Cream Parlour hires workers to produce milk shakes. The market for milk shakes is perfectly competitive, and the price of a milk shake is $4.
q1. assume that the market for tomatoes is perfectly competitive. using an appropriate model or models illustrate and
What is the equilibrium Price and Quantity in the market and now suppose the government imposes a special tax on these computers. Describe what would happen in this market in terms of the supply and demand curve.
What kind of disadvantages could you see with the bundling for transportation? How would you help the risk of damage?
Explain how you could use the standard tools of expansionary monetary policy and expansionary fiscal policy to stimulate this economy towards economic growth.
Markets have been present to some degree throughout history, but market society is fairly recent. What does Varoufakis argue was necessary for the development of capitalism and modern economic analysis?
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