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Question: Suppose that the marginal utility of apples is 5A, where A is the number of apples consumed, i.e. MUA = 5A, and MU = 3B is the marginal utility of bananas. Find the marginal rate of substitution of apples B for bananas. Next suppose that the price of an apple is 25 cents and the price of a banana is 10 cents. If the consumer is maximizing utility, what is the ratio of apples to bananas consumed. Finally, suppose that the consumer has 5 dollars to spend on apples and bananas. How many of each does the consumer choose?
Assuming the home construction industry is perfectly competitive and there are no specialized inputs, firms will - what level of employment is the marginal product of labor seven
The major changes that have forced differences are changes in the place of women in society as more equal in terms of jobs and working, more out of wedlock births creating more single families, less stigma by society on men who do not participate ..
In using game theory, both parties have dominant strategies that lead to a best case for each individual. However, these decisions result in a worst case for the combination of the two. Discuss ways that each party can achieve a better solution
What the overall significance of the regression? Which test do you use and why? By what percentage is salary predicted to increase if ros increases by 50 point?
What is the most common cause of an oligopolistic market? Provide a number of examples of anti-competitive behavior that has been exhibited by corporations.
. in the keynesian cross assume that the consumption function is given byc2000.75y-tplanned investment is 100
Suppose that, in an attempt to raise more revenue, Nobody State University increases its tuition. Will this necessarily result in more revenue?
Find the solution set for the system by graphing both of the system equation in the same rectangular coordinate system and finding points of intersection.
Determine your optimal pricing strategy if you and your rival believe that the new Jeep is a "special edition" that will be sold only for one year. Would your answer differ if you and your rival were required to resubmit price quotes year after ye..
What differentiates accommodating, extinguishing, and neutral policy responses to an adverse supply shock? What happens to the rate of inflation and the output ratio in each of the three cases?
a assume that the consumer price indexnbsp cpi for the period 2004 -2008 has the following valuesnbspnbspnbspnbsp
Guaranteeing a price for new capital to the issuing firm.Selling stock over the Internet.Issuing stock and using the proceeds to purchase bonds.
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