What is the point based on the equimarginal rule

Assignment Help Macroeconomics

Reference no: EM13223950

Assume the price of baseballs is $5 and baseball gloves is $20. Assume you have $100 total to spend on these items. Construct a table . What is the point, based on the Equimarginal Rule, which has equal marginal benefit (or the closest) for the two purchases?

Reference no: EM13223950

Questions Cloud

Define what is the binding energy : What is the binding energy, in amu, of 13C? Masses are: proton = 1.00728 amu, neutron = 1.00867 amu, electron = 0.00055 amu, and 13C = 13.00335 amu.

What are its choices : You are an analyst for a firm that imports and distributes specialty oils and vinegars, and your company wants you to evaluate its options for taking advantage of cutting-edge business analytics. What are its choices? What will you recommend?

Which would be more of an issue in asian societies : Of the four conflicts that characterize teenagers, which would be more of an issue in Asian societies where conformity is highly valued.

Explain the mass loss per nucleon : On forming the nuclide from the protons, neutrons and electrons, the mass loss per nucleon for the is 0.00759 amu, whereas that for is 0.00944 amu. This means that:

What is the point based on the equimarginal rule : Assume the price of baseballs is $5 and baseball gloves is $20. Assume you have $100 total to spend on these items. Construct a table . What is the point, based on the Equimarginal Rule, which has equal marginal benefit (or the closest) for the tw..

Influences of technology on customers needs : Critically analyse, with relevant examples, how this revolution is affecting international consumer behaviour and influences of technology on customers needs

Does either player have a dominant strategy : Suppose two world leaders "Nikita" and "Margaret" are engaged in an arms race and face the decision whether or not to build a missile. The payoffs of Nikita and Margaret are as follows: If both build a missile, both receive the payoff -10. If both ..

What is the probability that no cars are in the system : A two channel operation with two service windows and two wmployees. The employee station at each window fills the order and takes the money. The average service time for this is 2 minutes for each channel.

Explain salt would use and at what molar concentration : It is desired to produce an aqueous solution of pH=8.75 by dissolving one of the following salts in water at 298 k. Which salt would you use and at what molar concentration?

User Account

All Pages