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!
Consumer A has preferences for food F and clothing C described by a utility function:
U (F, C) =FC. Suppose that food costs 1 TL a unit and that clothing costs 2 TL a unit. She has 12 TL to spend on food and clothing.
a) Using algebra (the tangency condition and the budget line), find the optimal choice of food and clothing.
b) What is the marginal rate of substitution of food for clothing at her optimal basket? Show this graphically and algebraically.
c) Suppose she decides to buy 4 units of food and 4 units of clothing with her 12 TL budget (instead of the optimal basket). Would her marginal utility per dollar spent on food be greater than or less than her marginal utility per dollar spent on clothing? What does this tell you about how she should substitute food for clothing if she wanted to increase her utility without spending any more money?
For given real interest rate and riskiness in the home country, how would the capital inflows to be affected by an increase in real interest rates abroad, show your answer graphically.
Ongoing United States struggles in Iraq and Afghanistan, political unrest in South America, and civil wars in Africa have driven crude oil values up for the last many years.
An organizational form that is based on direct lines of authority from the top executive to the lowest level of employees is called
Choose an Oligopoly and describe the industry and explain the general pattern of change of the particular market model and hypothesize the basic short-run and long-run behaviors of the model in the industry you have chosen in a "market economy."
How many proper subgames are there? Find the pure-strategy subgame-perfect equilibria. Convert the original extensive-form game (of part a) into a strategic-form game.
Exxon Mobil Selling All Its Retail Gas Stations Exxon Mobil is not alone among Big Oil exiting the retail gas business, a market where profits have gotten.
How would economic theory apply to conservation efforts towards water conservation? Can you identify how opportunity cost of use fits into water consumption?
If the Uruguay Round succeeds, some countries will suffer. In what circumstances will the imposition of a quota lead to an increase in import expenditures?
In the classical model with fixed income a decrease in the real interest rate could be the result of a(n): If currency held by the public equals $100 billion, reserves held by banks equal $50 billion, and bank deposits equal $500 billion, then the ..
What single amount on October 1, 2012, is equal to a series of $1000 quarterly deposits made into an account? The first deposit occurs on October 1, 2012.
Why ethnic communities have more success in achieving greater goals? Discuss why you think such ethnic or religious minorities have been able to develop greater achievements in certain fields than others?
A large number of criticism have been levelled against the United States Federal Reserve System. Conduct a web search on the criticism about the system. do you agree with these reviews? Why or why not? What changes would you recommend to the sy..
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