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The consumer utility function is given by U(X,Y)=5X+4Y and the given bundle is X=4 and Y=10
1, MRS= ? show me the work
2. Draw the graph
List me the some numbers for the graph when x=0, y=?
An economy consists of 100 households. The first 30 households (group A) have $30,000 of income each in period 1, and $50,000 of income each in period 2. The second 70 households (group B) have $40,000 of income each in period 1, and $20,000 of incom..
Do you agree or disagree that some international employment assignments require special compensation? Please explain. How does recruiting for international assignments differ from that of domestic assignments? How does the scope of a firm's internati..
You plan to deposit the funds in a mutual fund that you think will return 8.5% per year.
A simple random sample of 8 employees of a corporation provided the following information. Employee 1 2 3 4 5 6 7 8 Age 25 32 26 40 50 54 22 23 Gender M M M M F M M F How do you determine the point estimate for the standard deviation of the populatio..
CPI is sometimes referred to as a fixed basket of goods, what does that mean? What issues if any does that sometimes cause?
You are a sales representative for a cooperative of organic farmers and are getting ready to make a sales presentation to a national supermarket chain. First, identify the important messages you need to convey during your presentation.
The demand for good x is given by Qdx=6,000-1/2 Px - Py + 9Pz + 1/10M. Determine the demand function and inverse demand function for good X, graph the demand curve for good X. How many units of good X will be purchased when Px = $5,230? Please show a..
Which of the following rate measures the percentage change in price for a basket of goods and services consumed by a "typical" household --- the consumer price index?
An incumbent firm, Firm 1, faces a potential entrant, Firm 2 that has a lower marginal cost. The market demand curve is P = 120 – Q. First 1 has a marginal cost of $20, while Firm 2’s is $10. What are the Nash-Cournot equilibrium price, quantities, a..
What are some of the potential issues and concerns that might arise from this scenario? Do mid-size companies provide any advantages over either a small business or an industry behemoth? If so, what?
Based on the following graph (which summarizes the demand, marginal revenue, and relevant costs for your product), determine your firm’s optimal price, output, and the resulting profits for each of the following scenarios: You charge the same unit pr..
The company has announced that it will pay a dividend of $5 per share in one year and a liquidating dividend of $50 per share in two years.
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