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Bob is awake for 15 hours a day and divides that time between hours of exercise, x, and hours of study, s. Bob’s preferences are represented by the following utility function
u(x,s) = 2 ln x + s
1. What is Bob's time "budget constraint"?
2. What is Bob's marginal utility of exercise?
3. What is Bob's marginal utility of study?
In 2011, the CPI increased by 1.4%, the GDP price index increased by 1.2% and the PCE increased by 1.8%, we can see all are increases, but why does each one of these measure give a different inflation rate?
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q.suppose when russia opens to trade which introduced automobiles a capital-intensive good.a. according to the
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Tom gains utility from consumption C and leisure L. The most leisure she can consume in any given week is 112 hours. His wage is $20. His utility function is U(C,L) = C^3/4*L^1/4. Tom receives 640 each week from her great-grandmother. What is the mar..
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What is the effect of an increase in the tax rate on interest income on the supply of and the demand for loan able funds?
For what values of the discount factor would reversion to Bertrand for only two periods sustain a collusive agreement to share equally the monopoly output?
q1. third national bank has reserves of 20000 and checkable deposits of 200000. the reserve ratio is 10 percent.
A cousin of James Darwin, examined the relationship between the height of children and their parents
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