Does the indifference curve intersect either axis

Assignment Help Macroeconomics
Reference no: EM13222529

A consumer has preferences over goods x and y. The utility function is U=sqrtx + sqrty.
The marginal utilities are MUx=1/(2sqrtx) and MUy=1/(sqrty). Calculate MRS and determine if it is diminishing for this utility function. Does the indifference curve intersect either axis?

Reference no: EM13222529

Questions Cloud

Define how many ppm of nitrate ion are contained : How many ppm of Pb2 ion are contained in this solution? How many ppm of nitrate ion are contained in the same solution?
How much would the firm have to increase its advertising : A travel company has hired a management consulting company to analyze demand in 26 regional markets for one of its major products: a guided tour to a particular country. The equation for the quantity demanded is Q = 1500 - 4p + 5A + 10I + 3Px
Develop an environmental scanning exercise : Develop an environmental scanning exercise on your selected organization. (Singapore Airlines) The exercise should cover items contained in the remote or general operating environment.
State major disadvantage of using concentrated sulfuric acid : What is the major disadvantage of using concentrated sulfuric acid (or hydrochloric acid) rather than 85% phosphoric acid for the dehydration of alcohols?
Does the indifference curve intersect either axis : A consumer has preferences over goods x and y. The utility function is U=sqrtx + sqrty. The marginal utilities are MUx=1/(2sqrtx) and MUy=1/(sqrty). Calculate MRS and determine if it is diminishing for this utility function. Does the indifference ..
Identify the limitations of the research proposal : What implications and assumptions are being made regarding the proposed sample and how it represents the proposed population and what assumptions are you making regarding the instrument's validity and its ability to measure the desired variables?
Explain the decomposition of carbon disulfide : The decomposition of carbon disulfide, CS2 to form carbon monosulfide, CS and sulfur is first order with k = 2.8 x 10^-7 / second at 1000 degrees C. CS2 => CS + S determine how many days would be needed before a 1.00 gram sample of CS2 had decompo..
What will happen to equilibrium price nd equilibrium quatity : Illustrate the following situation by using supply and demand curve. a. The federal government "supports" the price of wheat by paying farmers not to plant wheat on some of their land. What will happen to the equilibrium price and the equilibrium ..
Define what is the final temperature in a squeezed cold pack : What is the final temperature in a squeezed cold pack that contains 40.0 g of NH4NO3 dissolved in 135 mL of water? Assume a specific heat of 4.18 J/(g·°C) for the solution, an initial temperature of 25.0°C, and no heat transfer between the cold pa..

Reviews

Write a Review

Macroeconomics Questions & Answers

  What is ultimate effect of the study on the price of garlic

Find the flaws in reasoning in the following statements, paying particular attention to the distinction between shifts of and movements along the supply and demand curves. Draw a diagram to illustrate what actually happens in each situation.

  Money supply and the equilibrium interest rate

Suppose that the money market is initially in equilibrium and that money supply is then raised. Explain the adjustment toward a new equilibrium interest rate.

  How much labor and land are allocated to manufacture

Suppose at current factor prices a country's manufactures use 60 hours of labor for each acre of land and food is produced using only fifteen hours of labor per acre of land. If the economy's total resources are 1800 hours of labor and 180 acres o..

  Determine the percentage change for gdp

Use the Expenditure Equation for GDP.find the values for each sector for the years 1929 or 1933. Determine the percentage change for the two years.

  Scenario of fed plans to achieve objectives

What are those key objectives and what are the key tools the Fed plans to use to achieve those objectives?

  Average and marginal costs

Earlier this year the increasing price of tortillas resulted in major protests in Mexico City combined with a warning from Mexican central bank that this may fuel rising inflation.

  Level of gdp per effective worker

Level of GDP per effective worker and explain whether this economy is following the Golden rule

  Spell out the types of policies also practices companies

Spell out the types of policies also practices companies should develop if they want to keep their workers from unionizing.

  Perfectly competitive market examination

What are the firm's fixed costs? What is the firm's marginal cost? Now suppose other firms in the market sell the product at a price of $10.

  Analyzing change in government expenditure

Describe the likely effects on Savings Investment, Long Term Real Interest Rates, The Capital Stock, Natural RGDP and Natural Per Capita RGDP of a reduce in Government Investment Spending

  Question about asian currency crisis

Explain the reasons behind that why a currency undergoes a significant depreciation and what were important characteristics of Asian countries involved in the crisis?

  Illustrate what factors might explain closer

Illustrate what factors might explain closer than expected correlation observed.

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd