We observe the consumer choosing x

Assignment Help Microeconomics
Reference no: EM13971579

If we observe the consumer choosing x = (x1, x2) when y = (y1, y2) is availableone time, are we justified in concluding that x y?

Reference no: EM13971579

Questions Cloud

Rights to future payments to aipeng : Stephen borrows $1000 at 5% for 20 years from Minglu. After 10 years, Minglu sells the rights to future payments to Aipeng for $P.
Million to support expected growth : Sterling, Cooper, Draper, Price would like to go public to raise $58 million to support expected growth. Their investment bank charges the following:
The expected return and the standard deviation : You already have a well-diversified portfolio of domestic assets.  You are considering reallocating some of the money in your domestic portfolio to a global equity fund that invests in foreign firms in Europe and Asia.
Discuss issues with implementation of improvement program. : Create four categories of measurement. They must include both clinical and financial categories. Describe the categories and write a justification for each.
We observe the consumer choosing x : If we observe the consumer choosing x = (x1, x2) when y = (y1, y2) is availableone time, are we justified in concluding that x y?
Determining the average annual rate of return : Steve is considering investing $3,600 a year for 40 years. How much will this investment be worth at the end of the 40 years if he earns an average annual rate of return of 11.6 percent? Assume Steve invests his first payment of the end of this ye..
Expected return on the stock : A stock has a beta of 1.4. The expected return on the market is 8% and the T-bill is yielding 2%. What is the expected return on the stock?
What will be the forecast for robert year end income : On the basis of this information, what will be the forecast for Robert's year-end income?
What are the key drivers of customer loyalty : What are the key drivers of Customer loyalty? How far these drivers help a company retain its Customers.  What do you understand by the term Return on Investment (ROI)? What are the two main drivers of ROI

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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