Point consumer equilibrium

Assignment Help Microeconomics

Reference no: EM13116308

Suppose that marginal utility of good A is 4 times the marginal utiltiy of good b, but the proce of good Ais only 2 times the proce of ggod b. Is this point consumer equilibrium? if not what will occur?

Reference no: EM13116308

Questions Cloud

What will be the volume of the gas : ideal gas in 2.0 L what will be the volume of the gas if the pressure on the container is doubled while the temperature is reduced from 400 K to 200 K.

Compute the investment cost at date of acquisition : Assume a business combination took place at December 31, 2009. Atwood issued 50 shares of its common stock with a fair value of $35 per share for all of the outstanding common shares of Franz. Stock issuance costs of $15 (in thousands) and direct cos..

Explain how far does starship move as it pulls shuttlecraft : Both spacecraft are initially at rest. Explain how far does the starship move as it pulls the shuttlecraft aboard?

Find mean of sample to determine the interval estimate : A 90% confidence interval estimate for a population mean was computed to be (38.2, 59.4). Determine the mean of the sample, which was used to determine the interval estimate.

Point consumer equilibrium : Marginal utiltiy of good b, but the proce of good Ais only 2 times the proce of ggod b. Is this point consumer equilibrium? if not what will occur?

What is the maximum number of electrons : When a metal was exposed to light at a frequency of 4.54× 10^15 s-1, electrons were emitted with a kinetic energy of 3.10 × 10^-19 J.

Describe how rflps can be used in dna fingerprinting : Describe how RFLPs can be used in DNA fingerprinting? How does this compare to the use of VNTRs in DNA fingerprinting?

Explain the different components of the marketing mix : Choose an organization with which you are familiar. How does your selected organization use the different components of the marketing mix?

Choose a ribonucleotide : In addition to the synthesis of RNAs, ribonucleotides are involved in other critical cellular functions.

User Account

All Pages