User Account

All Pages

Determining the utility maximization point

Assignment Help Basic Computer Science
Reference no: EM132024623

Kathy's utility function is U = 4X + 3Y. Kathy has $180 to spend on goods X and Y. The price of good X is $6 and the price of good Y is $4. To maximize utility, Kathy should consume units of good X and  units of good Y and will be receiving  utils of satisfaction. At this utility maximization point, MRS  Px/Py (enter one of the following symbols: > or < or =).

Reference no: EM132024623

Questions Cloud

What is the net present value for this project : What is the net present value for this project? should the prpject be done
Monopolist produce in order to maximize profit : There are no fixed costs of production. How much output should the monopolist produce in order to maximize profit?
Wall street could take advantage of savings : What deregulatory policy steps were required before Wall Street could take advantage of these savings?
Determine the eps for each financing plan : Assuming an EBIT of $125,000 for each alternative, determine the EPS for each financing plan.
Determining the utility maximization point : At this utility maximization point, MRS Px/Py (enter one of the following symbols: > or
Macroeconomic equilibrium in the short run and the long run : Assuming that money is effectively used, how would this affect the macroeconomic equilibrium in the short run and the long run?
Elasticity of demand for bleacher seats at rays games : Next season, they increase the price to $12 per bleacher seat and sell 200,000. What is the elasticity of demand for bleacher seats at Rays games?
What is the christian concept of the imago dei : What is the Christian concept of the imago dei? How might it be important to healthcare, and why is it relevant?
How can a price ceiling on tickets lead to scalping : How can a price ceiling on tickets lead to scalping? Is price an effective rationing mechanism under a binding price ceiling? Why or why not?

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Identifies the cost of computer

identifies the cost of computer components to configure a computer system (including all peripheral devices where needed) for use in one of the following four situations:

  Input devices

Compare how the gestures data is generated and represented for interpretation in each of the following input devices. In your comparison, consider the data formats (radio waves, electrical signal, sound, etc.), device drivers, operating systems suppo..

  Cores on computer systems

Assignment : Cores on Computer Systems:  Differentiate between multiprocessor systems and many-core systems in terms of power efficiency, cost benefit analysis, instructions processing efficiency, and packaging form factors.

  Prepare an annual budget in an excel spreadsheet

Prepare working solutions in Excel that will manage the annual budget

  Write a research paper in relation to a software design

Research paper in relation to a Software Design related topic

  Describe the forest, domain, ou, and trust configuration

Describe the forest, domain, OU, and trust configuration for Bluesky. Include a chart or diagram of the current configuration. Currently Bluesky has a single domain and default OU structure.

  Construct a truth table for the boolean expression

Construct a truth table for the Boolean expressions ABC + A'B'C' ABC + AB'C' + A'B'C' A(BC' + B'C)

  Evaluate the cost of materials

Evaluate the cost of materials

  The marie simulator

Depending on how comfortable you are with using the MARIE simulator after reading

  What is the main advantage of using master pages

What is the main advantage of using master pages. Explain the purpose and advantage of using styles.

  Describe the three fundamental models of distributed systems

Explain the two approaches to packet delivery by the network layer in Distributed Systems. Describe the three fundamental models of Distributed Systems

  Distinguish between caching and buffering

Distinguish between caching and buffering The failure model defines the ways in which failure may occur in order to provide an understanding of the effects of failure. Give one type of failure with a brief description of the failure

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