Omars marginal utility for cups of coffee

Assignment Help Business Economics
Reference no: EM1320540

Q. Omar's marginal utility for cups of coffee is constant at 1.5 utils every cup no matter elucidate how many cups he drinks. His marginal utility every doughnut is 10 for the 1st doughnut he eats, 9 for the second also so on (declining by 1 util every additional doughnut). Coffee also doughnuts each cost 1$. Omar has a budget he can spend on coffee, doughnuts, or both. Elucidate how big would that budget have to be before he would spend a dollar buying a 1st cup of coffee?

Reference no: EM1320540

Questions Cloud

Student team examined parked cars using alpha : Student team examined parked cars in 4 different suburban shopping malls. One hundred vehicles were studied in each location. Research question : At α = . 05.
Elucidate how much should josephs income increase : Elucidate how much should Joseph's income increase to compensate for the rise in the price of roses?
Determining the total price of an order by program : You have been asked to develop a program in order to determine the total price of an order from an Office Supply store. Program shall prompt user for name of the product, price of the product, and quantity of the order.
Formulating null and alternative hypothesis to test claim : Formulate an appropriate hypothesis test to examine at the 10% level of significance whether the manager's worries are justified.
Omars marginal utility for cups of coffee : Omar's marginal utility for cups of coffee is constant at 1.5 utils every cup no matter elucidate how many cups he drinks.
Intrusion detection system or intrusion prevention system : Your company is deciding whether to employ the intrusion detection system (IDS), or an intrusion prevention system (IPS).
Explaining cockpit noise level independent of flight phase : Research question : At α = . 05, is cockpit noise level independent of flight phase?
What is the probability of getting the indicated result : What is the probability of getting the indicated result
Normal good or an inferior good : Can we say confidently whether good X is a normal good or an inferior good.

Reviews

Write a Review

Business Economics Questions & Answers

  Sub-saharan african countries girls have lower enrollment

In many Sub-Saharan African countries, girls have lower enrollment rates in secondary schools than do boys.

  Effect on the marketplace

Illustrate the effect on the marketplace for a hr. of babysitting services 30 yrs into the future when children born today.

  Household be better or worse

Coupled with $160 annual tax rebate per household. Will the household be better or worse off under the new program.

  Explain an economy is initially in equilibrium

Explain an economy is initially in equilibrium at the natural level. The central bank increases the money supply.

  Least squares method for estimating industry demand

Ordinary least- squares method or the two- satge least squares method for estimating industry demand for rutabagas.

  Fewer also fewer barriers to trade

With fewer also fewer barriers to trade, countries are able to focus on producing those goods also services which they are best.

  Consultant for the information

What is the most that Jo should be willing to pay the consultant for the information.

  Interest on payday loans

What do you imagine about the interest on payday loans is too high or just right.

  Impact on the market for new cars

A tsunami in Japan disrupts the production of Japanese-made cars. What is the impact on the market for new cars.

  Author compensation scheme

Design an alternative author-compensation scheme under which the author and the publisher would pick the same price.

  Income tax in a certain nation is computed

Suppose that the income tax in a certain nation is computed as a flat rate of 5 percent, but no tax is levied above $50,000 in taxable income.

  Illustrate what president roosevelt might have

Elucidate Illustrate what President Roosevelt might have been trying to achieve, using the model of aggregate demand also aggregate supply

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