Units of good y is she consuming

Assignment Help Macroeconomics
Reference no: EM131263685

Clara's utility function is U(X, Y) = (X + 2)(Y + 1). If Clara's marginal rate of substitution is -6 and she is consuming 8 units of good X, how many units of good Y is she consuming?

Reference no: EM131263685

Questions Cloud

Describe the publication and codification of statutory law : Identify the source(s) from which the authority to legislate is derived. Determine whether or not Congress has unreasonably and unlawfully expanded upon an identified source's authority to legislate. Provide a rationale for your response.
Sale price of single-family residences in massachusetts : You wish to predict the sale price of single-family residences in Massachusetts. You collect price and property features data on each property sold in the state for the years 2008 - 2014.
Calculate consumer surplus : Mayor Grinch imposes a $1 tax on Slurp. What is consumption per person now? Calculate consumer surplus, the external cost, government revenue, and total surplus per person.
Accounting errors in nonprofit organizations : College of Business and the Deloitte Foundation for financial support - Short introduction to the report setting out what the aims and objectives of the report are, what the report will cover and why. Work distribution among the group members shoul..
Units of good y is she consuming : Clara's utility function is U(X, Y) = (X + 2)(Y + 1). If Clara's marginal rate of substitution is -6 and she is consuming 8 units of good X, how many units of good Y is she consuming?
What type of jurisdiction did the federal courts : In the story, two justices wrote differing opinions about the issue. Discuss the differences between a majority opinion, a concurring opinion, and a dissenting opinion. What effect does each type of opinion have on the state of the law in America?
Write narrative that tells story about events at coronation : Write a narrative for the prompt: - You are a guest at Macbeth's coronation; during dinner, Macbeth sees Banquo's ghost.
What is behavioral economics : What is behavioral economics? What is rational economic behavior? Are people always rational when they make economic decisions? Explain.
How prepared were your group members for the discussion : How prepared were your group members for the discussion? Did everyone participate equally in the discussion? Were group members open to different points of view? How would you describe the overall climate of discussion?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Privatize the money supply in the united states

Would it be possible to privatize the money supply in the United States completely? In doing so, what would be the primary obstacle to overcome in implementing such a policy?

  Whether a value creating opportunity should be pursued.

A tool, often used, to determine whether to discontinue a new venture project opportunity is the feasibility analysis.

  Calculate the value of the objective function

Calculate the value of the objective function over the 5-year period and which policy is best? Why?

  Fetermine equilibrium output, the mpc and mps

Suppose that the level of investment is $16 billion and independent of level of total output, complete the accompanying table and estimate the equilibrium levels of output and employment in private closed economy.

  Define a business cycle

Define a Business Cycle and describe what happens to Economic growth and Consumption at each stage of the cycle.

  Discuss the relationship between inflation and interest rate

Discuss the relationship between inflation and interest rate. Do an international relationship exist, yes no HOW?

  Briefly explain what a government deficit is

Briefly explain what a government deficit is and then outline the methods the government has available to it for financing government spending programs. What effect on the monetary base do these government deficit financing options have on the mo..

  How does a generic drug differ from its brand

How does a generic drug differ from its brand name, previously patented equivalent Explain why the price of a brand name drug typically declines when an equivalent generic drug becomes available Explain how that drop in price affects allocative ..

  Why do companies cut production when they find that their

Why do companies cut production when they find that their unplanned inventory investment is greater than zero? If they didn’t t cut production, what effect would this have on their profits? Why?

  Presence of positive economic profits

Describe an episode in which what appeared to be the presence of positive economic profits attracted entry to a market. It should describe the nature of the market and the circumstances surrounding the entry of new firm(s).

  Compute the excess reserve-multiplier of money

Suppose that all other banks hold only the required amount of reserves. If Nan Bank Inc. decides to reduce its reserves to only the required amount, by how much would the economy's money supply increase?

  The candiate of your side of the group to research

the Candiate of your side of the group to research and present a cohesive argument to the other side.

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