Watching the awesome videos of econ

Assignment Help Business Economics
Reference no: EM133131101

After watching the awesome videos of ECON-281, you know that one of the properties of the prefer- ences is that "more is better". However, your friend tells you that the bundle A = (a: = 2,1; = 3) gives her the same utility than the bundle B = (a: = 5, y = 3). With this information, you conclude that your friend must be irrational.

Reference no: EM133131101

Questions Cloud

Know proper time management processes : Why is it important for health care managers to know proper time management processes?
What is the yield to maturity or implied interest rate : You borrow $500,000 to be repaid over 20 years. Your monthly payment is $5,332.15. What is the yield to maturity or implied interest rate? Make sure to show you
How much revenue does Andre need to break even : How much revenue does Andre need to break even (i.e., what is the revenue break-even point using the previously rounded UP number of units)
Why is domestic savings important for an economy : Why is domestic savings important for an economy? What is its crucial role in the economy?
Watching the awesome videos of econ : After watching the awesome videos of ECON-281, you know that one of the properties of the prefer- ences is that "more is better". However, your friend tells you
Communication and it : What types of communication flows are evident in your workplace (or former workplace)? Is the workplace more consistent with a flat or horizontal organization?
What is the present value of the cost savings : You are the vice president of Automated Products. Your manager is proposing that the company purchase a new machine that will cost RM300,000 and has a useful li
What is the importance of different type of energy : What is the importance of different type of energy to economy in saudi ? and the reason behind the variation on consumption of energy sources?
Why the abolition of sweatshops in developing countries : Topic 1: What do you think, why the abolition of "sweatshops" in developing countries would make those countries and their citizens worse off?

Reviews

Write a Review

Business Economics Questions & Answers

  What are the causes of the decline in unionism

What are the causes of the decline in unionism in the United States? Briefly describe the various ways by which unions increase wages for their members? Describe the impact that labor unions have on income inequality? Using examples, briefly describe..

  Provide a cost-benefit analysis for a company

Provide a cost-benefit analysis for a company that has to decide whether to hire more staff or hire temporary workers to meet production schedules.

  Market determinants of value-supply and demand

Market Determinants of Value - Supply and Demand San Francisco (SFO) has one of the highest average rent in the U.S. There are many forces that influence market

  What is a real-life example of a price-searcher

What is a "real-life" example of a price-searcher (business firm) in the United States that currently practices what defines as "price discrimination"?

  Mechanism adjusting the economy back to potential gdp

Suppose the economy is at a short-run equilibrium GDP that lies above potential GDP. Which of the following will occur because of the automatic mechanism adjusting the economy back to potential GDP?

  Auction among three bidders

You hold an auction among three bidders. You estimate that each bidder has a value of either $16 or $20 for the item, and you attach probabilities to each value of 50%. What is the expected price? If two of the three bidders collude, what is the pric..

  Factors affecting economic growth

It is highly recommended that you review the Seminar presentation located in the Seminar area before beginning the Discussion.

  What is the minimized value of the function

Suppose that you want to maximize the value of the function f(x) = x^3-6x^2+9x, subject to 0 less than or equal x less than or equal 5. Which value(s) of x satisfy the first-order condition for this maximization problem? Which value(s) of x are bound..

  Market of kachchi biryanis

Suppose, suddenly the supply of mutton decreases due to unknown goat diseases. What would happen to the market of salad items? Would this event affect chutney m

  Production possibilities frontier

Explain the relationship among the bowed out shape of the production possibilities frontier and the increasing opportunity cost of a good as more of it is produced.

  Despite the great achievements in health

Despite the great achievements in health in the 20th century, the number of deaths from cardiovascular diseases have increased. Explain why this might have happened.

  Aggregate demand curve and an aggregate supply curve

Both curves are assumed to be straight lines. Average Price($ per unit): $1,000,100

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