Perfect substitutes utility function

Assignment Help Microeconomics
Reference no: EM132782131

Question: For the following perfect substitutes utility function
a) u=4(x)1 + 3(x)2
mu1=4 > 0
mu2=3 >0 1st derivative
b)
mu1=0=0
mu2=0=0 2nd derivative

Reference no: EM132782131

Questions Cloud

Delivery of the prototype from the vendor : One of the risks you anticipated for the project was the late delivery of the prototype from the vendor.
How proper moral action might be determined accordingly : In Aristotle's Nicomachean Ethics, Aristotle argues that proper moral action should be decided via following the principles set forth in the.
What is the amount and character recognized by Betty : What is the amount and character (capital gain or dividend) recognized by Betty as a result of the stock redemption
What should the sell for in canada : Exchange rates on the spot market were identified as 1 unit of CAD is to 1.58 USD. Under purchasing power parity, what should the P55 sell for in Canada?
Perfect substitutes utility function : For the given perfect substitutes utility function
What factors motivated and enabled expansion into atlantic : In an initial post of at least 250-300 words, explain why and how Europeans pursued expansion into and across the Atlantic Ocean during the fourteenth through.
Intergroup conflict and intergroup competition : Discuss whether intergroup conflict and intergroup competition are the same or different. Provide examples to support your position.
What questions do the texts raise for you : Read book pages 12-26 of "Black White Dance Dancers": Write out the key points of this essay? What questions do these texts raise for you?
How do prepare a report comparing master operating budget : How do you prepare a report comparing the master 2019 operating budget with actual data for 2019. Do not calculate budget variances.

Reviews

Write a Review

Microeconomics Questions & Answers

  Question about pricing strategies

According to Cahner's In Stat Group, number of worldwide wireless phone users will soon reach one billion. In the United States alone, the number of users is expected to increase by 17 million per year for the next five years.

  How is growth measured

What are the 3 main suspects in slowing productivity growth? Please describe/explain.

  Update the controversy over the chinese yuan

Update the controversy over the Chinese Yuan in foreign currency markets. Is China still using central bank foreign exchange policy to maintain the value of the yuan? What is the current policy of the US on this issue?

  Explain why purchasing-power and parity works better

Explain why purchasing, power, parity (PPP) works better in the long run than in the short run. Your 200 word answer should focus on selecting and organizing your most relevant comments in a coherent fashion.

  Explain nature of the strategic interaction

Game theory is a fascinating and powerful tool for understanding strategic interactions. Although this week's readings focus on applying game theory to strategic interactions in business, game theory can be used to understand strategic interaction..

  Describe what action must be taken in terms of adjusting

company a is a producer of widgets in a monopolistically competitive market structure. it is projected that as more

  What labor markets should be considered for staffing

What labor markets should be considered for staffing the chief surgeon for the local hospital? The response must be typed, single spaced, must be in times new.

  How is us economy different from the command economy can us

in a command or planned economy the government not the market regulates the factors of production and economic

  Present value of the ordinary 5 year ?annuity

How much larger is the present value of the annuity due than the present value of the ordinary 5 year ?annuity?

  How much the percentages of taxes its going to be

They decide how much the percentages of taxes its going to be and they also have restrictions for any new competitors.

  What determines the strength of a firms demand

Why do firms demand resources? In what way is a firm’s demand for a resource a derived demand? How does this differ from consumers’ demand for final commodities?

  Write down the inverse demand and inverse supply curves

Write down the inverse demand and inverse supply curves. What other policy could the government implement to reduce teenage binge drinking and alcohol.

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