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!
A consumer has a set of budget of $ 400 for the consumption of goods X and Y. The price of good X is $30 and the price of good Y is $ 10.The consumer has a utility function given by U (X,Y)=X3y .
a) Find the optimal consumption choice of the individual and utility obtained.
b) Make a graph that illustrates the solution to the problem.
c) Briefly express in writing the process that you used to find the solution.
d) Discuss some of the possible limitations of the consumer choice model when its comes to predicting the behaviour of consumers.
Recessions can be caused either due to leftward shift in the aggregate demand (AD) curve or leftward shift in the short run aggregate supply (SRAS) curve. Compare changes in the price level for are cession resulting from a shift in the AD to that of..
Discuss the benefits of following Windows standards for menus, positioning of buttons, colors, etc. Answers might include user familiarity and comfort.
Classical economic theory says there is a linkage between investment and savings. Explain the source of this linkage. What is the argument that says this link is not as strong as classical economists believe? (Hint: Differentiate between the parties ..
Suppose mountain spring water can be produced at no cost and the inverse demand for mountain spring water is P = 1200 – 0.2Q. Suppose the market of mountain spring water is supplied by a monopoly firm that cannot price discriminate. Find the monopoly..
(a) What is your profit maximizing use of labor and capital? Clearly show your steps and calculations. (b) What is your economic profit or loss?
How do repositories and registries of the Health Care Systems provide safer, timelier, efficient, effective, equitable, patient-centered care? Provide examples.
Supposed a proposed public policy could result in three possible outcomes:
What is the probability that both children are girls given that the first child is a girl?
How are the organizational options for implementing an international strategy related to the M-form structure described in Chapter 8? Are these international organizational options just special cases of the M-form structure, with slightly different e..
A news article in the Edmonton Journal on December 2014 stated that, “The province is looking at cutting 70 of the Alberta Law Enforcement Response Team’s 280 positions to save money.” Explain the basic idea behind using a statistical instrument (or ..
Calculate the growth rate of nominal GDP between 2011 and 2012? e) Determine the growth rate of real GDP between 2011 and 2012?
Panel B shows how the demand for X shifts when the price of related good Y increases from $60 to $68. Use the information in Panel B to calculate the cross-price elasticity. Are goods X and Y substitutes or complements?
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