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Suppose that item 1 is pumpkin and item 2 is milk. Suppose that m = 54. Suppose that pumpkins are p 1 = 2 each. Milk is p 2 = 7 per gallon for the ?rst two gallons. After the second gallon, it drops to 4 per gallon. Suppose that the consumer's utility function is u(x 1 , x 2 ) = x 1 +3x 2 . Sketch some indifference curves in your graph and the budget line - what can we say about the optimal bundle? Find the consumer's optimal consumption bundle (x ∗ , x ∗ ).
A department store charges 13/4% interest per month, compounded continuously, on its customer's charge accounts. What is the nominal annual interest rate?
She currently deposits $550 a month into her account 401k, what APR does she need to earn?
a. What is the monthly payment for your mortgage if the annual interest rate is 3.576%
Find the firm's fixed cost and variable cost, average total cost, and average variable cost in the short-run. Find the firm's short-run supply curve function. If P = 15 is given, what is the optimal output level for this firm to maximize its profit?
What is the probability 4 trains pass in a 6 our period? Round to 3 decimal places?
Greater access to foreign direct investment among developing nations has increased the costs of obtaining investment capital for domestic projects that promote economic growth. Global public goods such as health care are everywhere and are easy to id..
What does it mean when Dollars are used as a unit of measurement along the vertical axis? (Indifference curve only) Can you also show me how the graph will look
The United Nations Security Council, the main decision-making body at the UN, is comprised of five regular members: China, France, the Russian Federation, the United Kingdom and the United States. Ten more members are elected from the General Assembl..
If one specific function needs to provide three types of data to the caller (code which invoked it). With one type of data already being returned
Without further use of Excel, illustrate what is the probability (in %) that a randomly selected orange will contain less than 4.2 ounces of juices?
The Wall Street Journal (newspaper) of September 23, 2014, reported a few African countries decreased "their planned purchases of corn" and "estimates are for a "smaller corn crop" than previously anticipated. From this information we can conclude th..
Carefully explain the difference between a strategy (call it X) being strictly dominant over another strategy (call it Y)
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