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Charlie's utility function is U(A, B) = AB, where A and B are the numbers of apples and bananas, respectively, that he consumes. When Charlie is consuming 20 apples and 80 bananas, if we put apples on the horizontal axis and bananas on the vertical axis, the slope of his indifference curve at his current consumption is
a. -8.
b. -1/4.
c. -20.
d. -4.
e. -1/8.
Can someone please explain to me how to reach the final answer?
How will you consider the structure of the fresh salmon industry to calculate the forecast. Will you advise the firm to enter the industry.
Illustrate what criteria are you using to classify this industry as an example of oligopoly.
Consumer surplus Qx=300-2Px 4 Price=$30 1. Qx=300 ... Consumer surplus Qx=300-2Px 4 Price=$30 1. Qx=300 – Px 1f Px =$30 2. Qx=14 - ½ Px 1f Px=$20 3. Qx= 300 -2Px 1f Px =$45 Find consumer surplus for all 3 of them.
To reduce the construction of big luxury apartments, the Chinese government requests that at least 70% of the new apartments must not exceed 90 square metres. Use a diagram to show and explain how this policy affects the equilibrium price and quantit..
We grow wheat that sells for $40,000. The wheat is milled into flour that sells for $55,000. The flour is used to bake bread that sells to consumers for $90,000. If nGDP is $9000 billion while rGDP is $12,000 then the GDP deflator is...
Using economic concepts, describe why the policies toward CO2 and lead emissions from automobiles have been drastically different in the U.S. To do this, first describe the type of pollutant, the efficient allocation of each pollutant, the policy reg..
What price does this firm charge its customers - by what factor does this firm mark up its price over marginal cost and What happens to the optimal contract length when the marginal cost of writing a contract declines?
If they close, then they only have the fixed costs. On a graph, we would have to compare the price with the average variable cost. What decisions need to be taken into consideration to determine if the business should remain open or close down
Consider the Sherwin Williams Company example discussed in this chapter. Suppose one is interested in developing a simple regression model with paint sales (Y) as the dependent variable and selling price (P) as the independent variable.
In an economy, the marginal propensity to consume is 0.8. The government balances the budget by adjusting the proportional tax level to the required government spending. An increase by 10 million in government required spending will lead to an increa..
Which of the following is true regarding the federal appellate court system's use of ADR?
Illustrate and reinforce your answer with any theories from international trade and FDI theories.
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