Relationship between income and total food availability

Assignment Help Business Economics
Reference no: EM133082944

Because Income depends on work effort and work effort depends on nutrition, suppose the relationship between income (Y) and total food availability (F) in a poor household is given by:

Y = 10F + 20F2 - 0.6F3

1. If food availability in a two-person household is 20, would it be "rational" to share the food? Explain.

2. If food availability in a two-person household is 30, would it be "rational" to share the food? Explain.

Reference no: EM133082944

Questions Cloud

Find the price elasticity of demand : A demand function is given by the equation Q = 100 - 3P.Suppose the price is P = 9. At this price, find the price elasticity of demand.
What is the alternate hypothesis : A new laser-enhanced machining process has become available and the developer claims that the population proportion of screws which will pass the inspection wil
Describe two different viewpoints of the us constitution : Describe two different viewpoints of the U.S. Constitution. Is the Constitution a "living document" (changes with society) or a "timeless and perfect" (observin
Why is marketing forecasting difficult in agribusiness : Why is marketing forecasting difficult in Agribusiness
Relationship between income and total food availability : Because Income depends on work effort and work effort depends on nutrition, suppose the relationship between income (Y) and total food availability (F) in a poo
Explain the market merge-two firms : Are you more likely to see two firms with 9% of the market merge or two firms with 1.5% of the market merge to get economies of scale? Why?
James madison and rubin on puppy federalism : Compare and contrast the authors James Madison and Rubin on puppy federalism.
Cdc growth chart : Kyle is 6 months old. His mother is quite pleased that she has been able to continue breast-feeding him even though she works part time (8 am to 1 pm Monday thr
Compute the share of the stock : Suppose you wish to look into the investments on Stocks A and B. For each share of the stock, the return is given below:

Reviews

Write a Review

Business Economics Questions & Answers

  Characterized by a learning curve

Suppose you have a production technology that can be characterized by a learning curve. Every time you increase production by one unit

  Find the probability that the sum

Two fair dice are tossed twice. Find the probability that the sum is 10 or less on the first toss and the sum is 8 or more on the second toss.

  Assume that the economy is initially at full employment

Illustrate how each of the following events would shift the AS schedule and potential RGDP, thereby altering equilibrium prices and output levels in the economy. Use an aggregate supply-aggregate demand diagram in your explanation and assume that the..

  Explain what is the maximum amount of new loans

Explain what is the maximum amount of new loans that this bank can make. Show in column 1 how the bank's balance sheet will appear after the bank has lent this additional amount.

  What is cultural intelligence

Studying the cultural differences between countries can help a company be more successful doing business internationally. What are the cultural dimensions that vary by country? What is cultural intelligence?

  What is the key problem with measuring marginal q

What is the key problem with measuring marginal q? Is there an alternative measurement that can be used instead? Is this alternative measurement likely to be an accurate proxy for marginal q?

  What is the probability that the next customer pays

What is the probability (±0.001) that the next customer pays at least $30? What percent of customers who pay at least $30 pump premium? % (Round your answer to the nearest whole number.)

  Elucidate how much profit do the low-cost firms make

If none of the high-cost firms makes a positive profit, how large is n. Elucidate how much profit do the low-cost firms make.

  Discuss industry concentration

Suppose that in the 1990's, the average retail price of a roll of Kodak film was $6.95 and that Kodak's marginal cost was $3.475 per roll. Based on this information, discuss industry concentration.

  What is the highest loan rate that would support investing

Suppose you have an asset that costs $11 in time period zero and has an IRR of 18%. With a retained earning rate of 5% on your remaining $7, what is the highest loan rate that would support investing in this asset? Calculate.

  Examples of economies of scale

What is GDP; how is poverty measured in low income countries and how do you separate poverty and income inequality

  Find the unemployment rate in the economy

Suppose that the matching function is given by: M = em(Q, A) = eQ^(0.7)A^(0.3) Express pc and pf as functions of e and labor market tightness j. Suppose that z = 1, b = 0.4, e = 0.9 and k = 0.24. Suppose that w = 0.75 Find the unemployment rate in th..

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