Find margret optional consumption basket

Assignment Help Basic Computer Science
Reference no: EM132154172

Margaret's preferences over video games (V) and pizza (Z) are represented by the utility function

U(V,Z)=V*Z, MUv=Z, MUz = V. If the price of a videogame is 36 dollars and the price of a pizza is 12 dollars, and Margret can spend a combined total of 288 dollars on these goods, find Margret's optional consumption basket.

a) V=12, Z=4

b) V=4, Z= 12

c) V=0, Z= 24

d) V=3, Z= 15

e) None of the above

Reference no: EM132154172

Questions Cloud

Foundation for greater regional cooperation : Do RTAs (Regional Trade Agreements) build a foundation for greater regional cooperation, or are they detracting from trade liberalization via the WTO
What is the value of the break-even price : Assume that the following data is for a profit-maximizing manufacturer: What is the value of the break-even price
Except for the law of diminishing returns : Is it true that Except for the law of diminishing returns we could feed the world for a single flower pot
Horse half the original price : Will it be a good decision for a person who has money and is looking to invest in horse racing business to buy a horse from another person
Find margret optional consumption basket : Margaret's preferences over video games (V) and pizza (Z) are represented by the utility function
National research laboratory built a prototype : Engineers at a national research laboratory built a prototype, automobile that could be driven 180 miles on a single gallon of gasoline.
How do these cost trade-offs apply in service management : describe three examples of cost trade-offs that are typical for logistics activities. How do these cost trade-offs apply in Service Management?
Provide a forecast of how these economic variables : Provide a forecast of how these economic variables like economic growth, inflation, unemployment rate etc will impact the bank in the near future?
Explain the effects as favourable or unfavourable : Discuss and explain the effects as favourable or unfavourable, including any mitigating policies as well for Singapore to remain competitive overall.

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Interesting concept and very important

Yes, compounding is an interesting concept and very important. However, it's not used only for investment or retiring

  Determine difference between repeated set of measurements

By this time you are prepared, I trust, to determine that there would be some difference between, two averages. What must we do in such a case?

  Development of nutritionally at-risk young children

Does the plot from Part (a) look linear? Do you agree with the authors of the paper that the fussing time distribution is not normal?

  Create all inetaddress objects associated with the computer

You want to create all InetAddress objects associated with the computer you are working with. Write statements in Java in order to do so.

  Find the lcs and scs of two given sequences

Let d(T,P) be the minimum edit distance between T and P when no substitutions are allowed (i.e., the only changes are character insertion and deletion). Prove that d(T,P) = |SCS(T,P)|-|LCS(T,P)| where |SCS(T,P)| (|LCS(T,P)|) is the size of the sho..

  International business

The Topic Paper will be on a current topic in international business. The paper must focus on the international aspects of the topic. The paper should have at least four sources other than the textbook, at least five pages in length as to content not..

  Program using pseudocode to solve the following problem

Develop a menu-driven program that inputs two numbers and, at the user's option, finds their sum, difference, product, or quotient.

  How many bits are required in the a/d converter in each case

The discrete-time signal x(n) = 6.35cos(π/10)n is quantized with a resolution

  Difference between sequential and random file access

What is the difference between sequential and random file access? What is the end-of-file condition and how do you use it in a program?

  What does the code segment do assuming that p3.5

What does the code segment do assuming that P3.5 is configured as a digital output. You may ignore delay needed to execute instructions in lines 1, 4 and 6.

  Why may yield be different between apartments and houses

Why may yield be different between apartments and houses in the same street and at the same moment in time?

  Construct a table containing the following measures

Apply a CART model for predicting churn. Use default misclassification costs. Construct a table containing the following measures

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