Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Suppose a caffeine-deprived man needs to wake up. Suppose his preferences on a day can be described by U=3*coffee+2*tea. If the price of coffee is $4 and the price of tea is $1. He has $12 to spend on these drinks on a day.
A. Find his utility for the following consumption combinations:
3 coffee, 0 tea.
1 coffee, 3 tea.
2 coffee, 1.5 tea.
0 coffee, 4.5 tea.
0 coffee, 12 tea.
4 coffee, 6 tea.
8 coffee, 0 tea.
B. Show his budget constraint, indifference curves, and optimal consumption choice in a graph. Use the horizontal axis for coffee and vertical axis for tea.
C. How many cups of coffee does he drink? How many cups of tea? What is his utility?
Determine whether demand is elastic, inelastic, or unit elastic with respect to its own price and whether Good Y is a substitute or a complement with respect to Good X.
What does the vertical distance between the horizontal axis and any point on a pure competitors demand curve measure.
Suppose that GDP is $18,520, taxes are $1,927, consumption is $4,856, transfers are $95, and government spending is $2,562. What are private savings?
Which of the following is NOT a shortcoming of the civilian unemployment rate reported by Statistics Canada every month.
If the US Dollar is equal to 10 Mexicxan Pesos. Then we can say that the US Economy is doing better than Mexico's economy and the US Dollar can buy more than the Peso.
There are, on average, 150 new migrants entering Hong Kong from the mainland every day. Use a diagram to explain how this affects the equilibrium wage and quantity of labour in Hong Kong. Substantial foreign capital has been flowing into mainland Chi..
Elucidate why these companies oppose laws allowing reimportation of drugs to the United States.
q1. what is meant by average propensity to consume? suppose that 1000 out of 10000 disposable income is saved. what is
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 120 - 0.25P, and the marginal cost of production is $160. Determine the optimal number of units to put i..
q.hiro nakamura is ceo of the cola king bottling company a small regional producer operating in the pacific northwest.
Your sister is thinking about starting a Web-based business selling specialty tea to upper middle class Americans who are working outside the home for compensation. She is unsure if she also wants to open up a physical store in her current home State..
Illustrate what steps do you suggest that it take in order to balance its budget. What would be the affect on you if it takes steps to balance its budget, or Illustrate what would be the affect on you if it does not.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd