User Account

All Pages

Satisfy the equimarginal rule

Assignment Help Business Economics
Reference no: EM133131920

If the marginal utility of movies is 50 and the marginal utility of books is 25 and the price of books are 1 dollar each what would the price of movies need to be to satisfy the equimarginal rule?

Reference no: EM133131920

Questions Cloud

Academic standards and expectations for the next grade level : Describe three ways that classroom teachers collaborate with the school media specialist, resources teachers, and teachers from other grade levels to create con
Southern california residential neighborhoods : Huanglongbing disease, which destroys citrus trees, is endangering commercial citrus output in Southern California's residential neighborhoods
Does sponsored search advertising on google affect clicks : What is the outcome variable of interest and how would you characterize the "treatment"?
Contribute towards global warming : Many of the diamond minds that we have created in hundreds of differents of places contribute towards Global warming.
Satisfy the equimarginal rule : If the marginal utility of movies is 50 and the marginal utility of books is 25 and the price of books are 1 dollar each what would the price of movies need to
Analyse and evaluate a professional project management : Differentiate and critically appreciate the professional, ethical and social context of a project management methodology and its instantiation into practical
Budgets from state or local criminal justice entities : Analyze examples of budgets from state or local criminal justice entities. discuss the strengths and weaknesses of each budget.
What can a new drug that allows treatment of a pathology : What can a new drug that allows treatment of a pathology for which there has never been any treatment be considered?
Male and female juveniles and decisions : Discuss the key factors between male and female juveniles and their decisions to avoid or participate in delinquent acts.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd