Either buy wine or pay for female companions

Assignment Help Business Economics
Reference no: EM131159713

Tyrion can either buy wine or pay for female companions. Wine costs 10 gold dragons and female companions cost 100 gold dragons. When all of his income is spent, Tyrion figures that his marginal utility from female companions is 80 and his marginal utility from wine is 20. He could increase his utility by a) spending more on wine and less on female companions b) spending less on wine and less on female companions c) spending more on wine and more on female companions d) spending less on wine and more on female companions

Reference no: EM131159713

Questions Cloud

Productivity wherever possible : "Good managers will attract capable people into the business, keep their turnover low, secure their loyalty to the company and its objectives, and maintain and increase their productivity wherever possible". Discuss in detail how managers can do t..
Examine potential mutual benefit that are afforded to health : Based on your review of the Learnscape scenario titled "Learnscape 1: Staying Relevant", examine the potential mutual benefits that are afforded to health care organizations.
Problem regarding the negotiation exercise : Write a three- to five-page paper about any negotiation that you have been involved in. For this assignment, discuss a negotiation that did not result in the best possible solution for all parties. This negotiation can relate to a work experience,..
Determine how long the train blocked the crossing : Assuming constant acceleration,determine how long the train blocked the crossing.Disregard the width of the crossingCopy and paste your question here...
Either buy wine or pay for female companions : Tyrion can either buy wine or pay for female companions. Wine costs 10 gold dragons and female companions cost 100 gold dragons. When all of his income is spent, Tyrion figures that his marginal utility from female companions is 80 and his marginal u..
Coexist with the idea of universal human rights : Do you think cultural relativism can coexist with the idea of universal human rights. Is it possible for anthropologists to promote human rights without imposing their own values and ideas of human rights?
Awareness of quality in modern business : Problem: What factors have contributed to the increased awareness of quality in modern business?
How do the control newell uses fit its strategy : Newell Company grew to be a diversified manufacturer and marketer of simple household items, cookware, and hardware. In the early 1950s, Newell Company's business consisted solely of manufactured curtain rods that were sold through hardware stores..
Advantages of standardizing the marketing mix worldwide : Discuss implementation activities that positively impacted customer satisfaction. Describe three advantages and three disadvantages of standardizing the marketing mix worldwide

Reviews

Write a Review

Business Economics Questions & Answers

  The utility function of worker is represented

The utility function of a worker is represented by U(C,L) = C×L. Suppose this person currently has 100 hours of leisure and $1200 in consumption in a given time period. What must the worker’s hourly wage rate be if she is maximizing her utility?

  Perspective of economic efficiency and equity

Estimate each of these alternatives from the perspective of economic efficiency, equity, and the likely long-term impact on the firm.

  Differentiated goods

Differentiated goods are NOT a feature of a:

  John livingston is looking into the possibility of buying

John Livingston is looking into the possibility of buying several coin-operated vending machines also placing them in the local hospitals.

  What direction changes net exports and net capital outflow

Suppose that Bill, a resident of the U.S., buys software from a company in Japan. Explain why and in what direction this changes U.S. net exports and U.S. net capital outflow.

  Considering buying a perpetual annuity

You are considering buying a perpetual annuity which cost $10,000 now upfront. you could instead invest in a cd and earn 4% your discount rate. what is minimum yearly payout you require to buy this annuity?

  What is basic governing document of modern corporation

What is the greatest advantage to business owners of a corporation vs. other business entities? Which business entities require permission from the state to become created? What is the basic governing document of the modern corporation?

  Determine the total variable cost

Assuming that the cost of capital is $1,000 and labour costs $10.00 per hour, determine the total variable cost, average variable cost and the marginal cost of the firm for the output levels given above.

  Monopoly and perfect competition

GRAPH a comparison of the short-run and long-run profits, price, and quantity of a Monopoly and a Perfect Competition firm.  Which type of market structure generates greater profits? Why? Give 5 Characteristics of a Perfect competition firm and monop..

  Nations real gdp to increase in the short run

What are two factors that can cause the nation's real GDP to increase in the short run? What are two factors that can cause the nation's real GDP to increase in the long run?

  About the purchasing new cooling system

The Gentle Warming Company is purchasing a new cooling system. To pay for the system, the company agrees to make 12 installment payments of $8186 per year, beginning at the end of year 1. How much should the company set aside today to pay for the coo..

  What is the equilibrium price and quantity in market

Assume there are 20 identical individuals with a utility function U (x, y) = squareroot xy and income I = I $100. Also, assume that the price for good y is p_y = 4. Furthermore, assume there are 10 identical firms producing good x and using a product..

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