How much utility will the marginal dollar yield

Assignment Help Econometrics
Reference no: EM13241489

Let MUa=z=10-x and MUb=z=21-2y, where z is marginal utility per dollar measured in units. x is the amount spent in product A. y is the amount spent on product B. Assume that the consumer that the consumer has $10 to spend on A and B, that is x+y=10. How much utility will the marginal dollar yield?

Reference no: EM13241489

Questions Cloud

Find the total distance the bird travels : Two trains, each having a speed of 27 km/h, are headed at each other on the same straight track, What is the total distance the bird travels before the trains collide
Why would government be opposed to a merger of two firms : Under what circumstances, and why, would the government be opposed to a merger of two firms How does the Justice Department decide which mergers to challenge
Why do we not always use the median : Can you describe a data set for which one would one would prefer to use the median rather than the mean and can you think of a situation for which the mean would be preferred to the median and the mode?
Explain oxides is acidic and basic : Predict whether each of the following oxides is acidic, basic, amphoteric, or neutral: CO2, NO2, Al2O3, CaO.
How much utility will the marginal dollar yield : x is the amount spent in product A. y is the amount spent on product B. Assume that the consumer that the consumer has $10 to spend on A and B, that is x+y=10. How much utility will the marginal dollar yield
The pressure is changed and the temperature remains constant : a given mass of neon gas has a volume of 25.0 liters at a pressure of .75 atm. if the pressure is changed to 300.0 torr and the temperature remains constant , what will the volume of neon be
How high above the ground is the window : A man standing on the ground throws a pebble with an initial veloctiy of 14m/s at an angle of 70 degrees above the horizontal, How high above the ground is the window
How is the dollar best allocated between a and b : Let MUa=z=10-x and MUb=z=21-2y, where z is marginal utility per dollar measured in units. x is the amount spent in product A. y is the amount spent on product B. Assume that the consumer that the consumer has $10
How many popcycles will be sold per day in the long run : Currently, at a price of $1 each, 100 popcycles are sold per day in the perpetually hot town of Rostin. Consider the elastictiy of supply. In the long run a price increase from $1-$2 has an elastic supply of 1.5

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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