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!
For each of the following utility functions:
a.) U (X,Y) = 3X + Y
b.) U (X,Y) = sqrt(XY)
c.) U (X,Y) = sqrt(X^2 + Y^2)
d.) U (X,Y) = ln(X) + ln(Y)
(i) Derive an equation for the marginal rate of substitution (MRS).
(ii) Calculate the MRS when the bundle is (X = 1 and Y =4) and the MRS when the bundle is (X = 4 andY = 1).
(iii) Based on your answers are preferences described by the utility function convex?
What would be the clearing price for BP in the foreign exchange market - what would happen if both the US and the British governments fixed the price of BP at $1.45? Excess supply of BP / Excess demand for BP
As per the Solow model, how would each of the following affect consumption per worker in the long run.
The flat-screen plasma TVs are selling extremely well. The originators of this technology are earning higher profits. What theory of profit best reflects the performance of the plasma screen makers?
1. economic analysis that takes into consideration linkages between markets is called ? a. partial equilibrium
Determine the three tools the Federal Reserve uses to change the money supply and interest rates in the economy? Which of these tools is most important and explain your answer.
Rita has well-behaved preferences over steak and fries. at her current consumption bundle of 3 steaks and 10 fries, her marginal rate of substitution between steak and fries is 1/2 (in absolute value). if you offered to take away one fry and give ..
(c) Probability that the chlorine concentration will exceed 0.80 ppm (d) Probability that the chlorine concentration will be under 0.85 ppm (e) Probability that the chlorine concentration will be between 0.80 ppm and 0.90 ppm
Elucidate how does the subsiquent impact on the housing industry.
European nation for three consecutive years and comment about possible time changes and eventual differences across countries.
If the government announced the economy is headed into an expansionary period of rising real GDP and prices, businesses would most likely respond.
The problem belongs to Economics and it is discusses about Eurozone current inflation becoming deflation. The causes for the concerns over the transformation and the macroeconomic tools available have been discussed.
For each hour of work, the employer deducts $1 and sends the money to the city government. The initial wage (Before the tax) is $10, and total employment is 20,000 hours per day. Use a graph to show the effect of the tax on the equilibrium wage an..
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