User Account

All Pages

Elena optimal consumption bundle

Assignment Help Business Economics
Reference no: EM132129493

Elena's income is $600. She spends all of it on tickets to concerts and films. A concert ticket costs $30 and a film ticket costs $10. How many tickets of each type will be in Elena's optimal consumptionbundle? Her MRSCF = 3F/2C.

Reference no: EM132129493

Questions Cloud

Company may be confronting in reference to employment law : Your director wants you to include any ethical issue that your company may be confronting in reference to this employment law.
Three cars to three different customers : 50% of the cars in a dealer lot are red, 20% are black, and 16% are white. The remainder are some other unspecified color
Major hurricanes in a single? year : What is the probability that the state will be hit by at least three major hurricanes in a single? year, as happened several years? ago?
Discuss current issues that managers face when managing team : Discuss current issues that managers face when managing teams. The key lies in identifying the most central constraint within the system.
Elena optimal consumption bundle : A concert ticket costs $30 and a film ticket costs $10. How many tickets of each type will be in Elena's optimal consumptionbundle? Her MRSCF = 3F/2C.
How to implement the requirements for a particular operation : Operations management involves various activities, such as process design, selection, management of information technology, work systems, planning.
Differences for high involvement and low involvement product : Explain consumer behavior differences for High involvement and Low involvement products. How did VW’s business model match its sustainability strategy?
Guidance on estimating supply and demand curves : Looking for some guidance on estimating supply and demand curves. An sample practice problem lists:
What is the prevailing price of oil at level : P = 165 - 2.5Q. (Here Q is measured in millions of barrels per day.) OPEC's marginal cost per barrel is $15.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national 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!

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