Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Questions: Leah loves buying shoes and going out to dance. Her utility function for pairs of shoes, X, and the number of times she goes dancing per month, Y, is given by ?? (?? , ?? ) = 20XY2+ 100. Now suppose that a pair of shoes sells for $10 and it costs Leah $5 to spend an evening out dancing. And assume that she has $90 to spend on clothing and dancing. You are now asked to derive consumer equilibrium.
a. What is the equation for her budget line? Draw it, and find the slope, y-intercept, and x-intercept.
b. Use math to solve for her optimal bundle. Show all works to find an optimal bundle. Hint. MRSx,y = - MUx / MUy
c. Show how to determine this bundle in a diagram using indifference curves and a budget line.
d. At an optimal choice, what is the level of utility?
Which model can show both unemployment and inflation occurring at the same time? The curve/line which also doubles as the full employment supply line is.
A company plans to invest $12,000 dollars on new equipment with an 8 year life to reduce operating costs. It is estimated that the savings will be $4,000 the first year but decrease by $400 each year for the remainder of the equipment's life. Determi..
q1. external and internal equilibria are often contradictory goals and the policy-maker is forced to choose between one
How might political economy help explain World War I? What were the human costs of the war? The economic costs?
I have my null hypothesis as mean eastern sales = mean western sales but just want to check which excel output to use.
1. Assume a large group of individuals is willing to engage in an activity that has a 5% increased chance of death over the course of a year.
Explain how an increase in the labor force participation rate (LFPR) may a/ect Long Run Aggregate Supply and Short run Aggregate Supply.
Businesses spent $2800 on factories and equipment used in production. Calculate total investment for this nation for the year, carefully following all formatting instructions from the beginning of the assignment.
Beloit Co. is a manufacturer of mini-doughnut machine markers. Early in 2003 a customer asked Beloit to quote a price for a custom-designed doughnut machine to be delivered by he end of 2003. Once purchased, the customer intends to pace the machine i..
Addressing inflation using Fiscal and Monetary Policy tools. Scenario -The US economy is currently experiencing high rates of inflation. You have Fiscal and Monetary policy tools available to address this problem: To attack the problem of inflation y..
A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. Give the profit after calculating the profit-maximizing price and quantity. ..
Centralized federal regulation has the advantage of?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd