Reference no: EM13163086
1. Sketch the indifference curves consistent with the following statements. Additionally, indicate which, if any of our standard assumptions about individual preferences are violated.
a) When choosing between bundles of beer and pizza, I always look first at the amount of pizza and choose the bundle with the largest amount of pizza. If any two bundles have the same amount of pizza, then I choose the bundle with the most beer.
b) I like to have two different ties to wear with each shirt I have.
2. Sketch the indifference curves consistent with the following statements. Additionally, indicate which, if any of our standard assumptions about individual preferences are violated.
a) For me, broccoli and green beans are perfect substitutes.
b) I like my peanut butter and jelly sandwiches to be made in a very precise way. In particular, I like two knife spreads of peanut butter to each knife spread of jelly.
|
What property of the product molecules seems
: Explain the order of elution you observed while performing the gas chromatography for this experiment. What property of the product molecules seems most important in determining relative retention times?
|
|
Determine the empirical formula of sodium azide
: sodium azide, a compound containing only sodium (Na) and Nitrogen (N), is used as a propellant for inflating airbags in some automobiles. A sample of sodium azide was weighed into a crucible.
|
|
How many photons are required to generate this energy
: Electromagnetic radiation has an energy of 926 J. The wavelength of this radiation is 856 nm. How many photons are required to generate this energy?
|
|
How many gram of ice will melt
: suppose 45.0g of water at 85 C is added to 105.0 g of ice at 0 C. The molar heat of fusion of water is 6.01 kJ/mol, and teh specific heat if water is 4.18 J/g C. on this basis of these data (a) what will be the final temperature of the mixture and..
|
|
Standard assumptions about individual preferences
: When choosing between bundles of beer and pizza, I always look first at the amount of pizza and choose the bundle with the largest amount of pizza. If any two bundles have the same amount of pizza
|
|
Calculate the mass of propylene glycol
: Calculate the mass of propylene glycol that must be added to 0.360 of water to reduce the vapor pressure by 2.88 torr at 40°C (Pressure of H2O is 55.3 torr at 40°C ).
|
|
Resulting non-pecuniary price of an atm transaction
: How many minutes will the average consumer spends travelling to another ATM machine and what is the resulting non-pecuniary price of an ATM transaction?
|
|
Calculate the molarity acetic acid
: Calculate the molarity of the 25.0 mL sample of 0.100 acetic acid which was diluted with 25.00 mL H2O
|
|
Analyze factors for forecasting demand curve for natural gas
: Describe five additional factors that you consider most significant for forecasting the demand for natural gas over the next decade and briefly outline the processes you would use in gathering and analyzing these five additional factors for forecas..
|