User Account

All Pages

What is the marginal utility of each of the goods

Assignment Help Macroeconomics
Reference no: EM131493119

Question: Suppose Mary is in consumer equilibrium. The marginal utility of good A is 30, and the price of good A is $2.

a. If the price of good B is $4, the price of good C is $3, the price of good D is $1, and the price of all other goods and services is $5, what is the marginal utility of each of the goods Mary is purchasing?

b. If Mary has chosen to keep $10 in savings, what is the ratio of MU to P for savings?

Reference no: EM131493119

Questions Cloud

Determine the association between the predictive variables : Determine the association between the predictive variables described below and having a low birth baby using separately the dichotomous outcome
Discuss neglect channel-length modulation : Determine the noise figure of each circuit in Fig. with respect to a source impedance RS. Neglect channel-length modulation and body effect.
How can the major risks be mitigated : ITEC 602 : MANAGEMENT OF IT SYSTEMS -what are the factors that contribute to a complex project's success and how can the major risks be mitigated?
Determine various project milestones that are within project : determine the various project milestones that are within the project. Describe the review process that will take place at each of these milestones.
What is the marginal utility of each of the goods : Suppose Mary is in consumer equilibrium. The marginal utility of good A is 30, and the price of good A is $2.
Describe briefly four built-in functions in sql with example : List and describe briefly 4 Built-in functions (aggregate functions) in SQL with examples. Propose a suitable solution to overcome anomalies identified in 3(a).
At what price the demand for the good is unitary elastic : Demand Function for a good is given by: P=2000- 50Q At what price the demand for the good is unitary elastic?
Identifying visual data displays : Identifying Visual Data Displays Consider your proposed performance indicators and associated units of measurement
Cost cash balance according to baumol model : What is the total cost for one year of holding the minimum cost cash balance according to the Baumol model?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd