Reference no: EM132617203
Spencer, an undergraduate student at UAB, receives money from his parents every month to spend on two possible goods: football tickets and books.
a. Sketch the budget constraint for Spencer (denote payment from parents as I, Prices PT and PB)
b. explain the condition whereby Spencer is maximizing his utility.
c. Suppose all books are marked 50% off. Show how this will affect Spencer's budget constraint
d. Use the condition from part (b) and your answer to part (c) to describe how the decrease in the price of books will affect Spencer's consumption of movies and books.
Now assume we know that Spencer receives $150 every month. Football tickets and books are both $25.
The following table shows the total amount of utility Spencer gets from a given number of each of the goods:
Units Football Tickets Books
0 0 0
1 50 35
2 90 65
3 115 78
4 135 88
5 153 95
6 168 99
e. How will Spencer allocate his income between football and books? Explain how you arrived at your answer.
|
What are Barrel Corporation cash flows
: Decrease in Income Taxes Payable $10,000 and Payment of Dividends $2,500. What are Barrel Corporation's cash flows from operating activities
|
|
Define the connection between ebp and the quadruple aim
: Healthcare organizations continually seek to optimize healthcare performance. For years, this approach was a three-pronged one known as the Triple Aim.
|
|
Identifying how prompts and reinforcements can be used
: Develop a graphic organizer that lists, defines, and describes three examples of prompts, reinforcements, and generalizations
|
|
Who should approach the family about organ donation
: Your patient is a 23-year-old female with a history of headaches. This morning she was experiencing a really bad headache as her boyfriend was driving her.
|
|
Sketch the budget constraint for spencer
: Spencer, an undergraduate student at UAB, receives money from his parents every month to spend on two possible goods: football tickets and books.
|
|
What is the new discount rate
: What is the new discount rate, and what impact does this have on the project? Given the other implications to the company as presented in the case
|
|
Examine healthcare organization websites
: In this Discussion, you will consider this adoption. You will examine healthcare organization websites and analyze to what extent these organizations use EBP.
|
|
Evaluate whether proposal is acceptable on financial grounds
: Evaluate whether proposal is acceptable on financial grounds. Ensure that your answer is discussed and supported by relevant calculations/workings
|
|
Prepare the journal entry on October
: Prepare the journal entry on October 31, 2016, to record the first interest payment and the amortization of the premium/discount
|