User Account

All Pages

Find helen optimal consumption basket

Assignment Help Business Economics
Reference no: EM133134527

Helen's preferences over Clothing (C) and shoes (S) are given by: U(S, C) = 5S + 10C The price of a piece of clothing is $90 and the price of a pair of shoes is $30, and Helen can spend a combined total of $300 on these goods. Find Helen's optimal consumption basket. Show this result graphically, labelling as many points as you can.

Reference no: EM133134527

Questions Cloud

Determine the seriousness of the problem : Adam receives a telephone call from a patient who complains of nausea and difficulty taking deep breaths (inhaling deeply). The patient states he feels dizzy an
Relations between the marginal rate of substitution : Consider an economy with two consumers, Indigo and Jamal, who each have two tradable goods: food and clothing.
What was the rate of interest on the note : Question - The interest charged on a $125,000, 4-month note payable, was $1,250. What was the rate of interest on the note
Assess children development : What makes child observation the best way to assess children's development and why?
Find helen optimal consumption basket : Find Helen's optimal consumption basket. Show this result graphically, labelling as many points as you can.
What is the dollar amount of cost of goods sold : Wilkins has 30 hammers on hand at the end of the year. What is the dollar amount of cost of goods sold for the year according to the last-in, first-out method
Draw budget lines for trading with friday : Suppose that you are on a desert island and possess exactly 20 coconuts. Your neighbor, Friday, is a fisherman, and he is willing to trade 2 fish for every 1 co
Research regarding security and surveillance technologies : What would be a good topic to research regarding security and surveillance technologies within the past two years?
What is the payback of the cash flows that occur : The details of an investment project are: Cost of asset bought at the start of the project $100,000. What is the payback of the cash flows that occur

Reviews

Write a Review

Business Economics Questions & Answers

  Learning characteristics of autistic learners

What are some social, personality, and learning characteristics of autistic learners?

  Terms of financial stability and the recent credit mess

You and your neighbor meet at the University Inn. Your neighbor suggests that the trouble is too much government spending in the economy. Outline how this may be correct, in terms of fiscal policy. A Wall Street Journal writer enters the argument and..

  Maximizing amounts of good x and good y

Nick has a utility function U(x, y) = x2 y2 and faces the budget constraint pxx+pyy=Y. a,Suppose that Y =120, py =1 and px =4.

  Based on the regression equation

Based on the regression equation, the price of gold increased on average by approximately $___ per ounce for a $500 billion increase in the monetary base (round to the nearest dollar). regression equation $/oz gold=207+.05 monetary base

  Why was the government spending money on qe

1.With the deficit so high why was the government spending money on QE?

  Confidence interval for the mean reduction

Construct a 98% confidence interval for the mean reduction in total cholesterol in patients who take this combination of drugs.

  How could they continue to operate at a loss

During the most recent recession General Motors and Chrysler lost huge sums of money in their operation (not counting government bailout money they could not assume they would get). How could they continue to operate at a loss?

  Equations correctly models the total cost

Which of the following equations correctly models the total cost y per shift as a function of x salad bags produced per shift?

  Describe the equilibrium of game

Microsoft and a rival often have to select from competing technologies. The rival always prefers to select the same technology as Microsoft, while Microsoft

  Preferred use of the two fiscal tools to resolve gaps

What is your preferred use of the two fiscal tools (Tax or Spending) to resolve gaps? In your opinion who should receive the benefit or bear the cost of your fiscal tool(s)? Be specific.

  Compute the expected returns for securities

Consider the following data for two risk factors (1 and 2) and two securities (J and L):

  Normal good-the income and substitution effects

For a normal good, the income and substitution effects

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