Why no part of the change is due to the income effect

Assignment Help Macroeconomics

Reference no: EM13200309

If my optimal choice for two goods (cookies and milk) is different from two different weeks (for example, week one is C:8,M:16 and week two is C:16,M:16) BUT INCOME IS THE SAME throughout all weeks ($8). Does that mean that no part of the change is due to the income effect?

Reference no: EM13200309

Questions Cloud

Calculate bwbs new long-run equilibrium demand curve : Determine the output level, price, and profits that will occur in long-run equilibrium. Assume a high-price, low-output scenario assuming a parallel shift of the firm's demand curve. Be sure to explain what you are doing and why.

Script the definite integral that represents the arc length : Write the definite integral that represents the arc length of one period of the curve y=sin2x (do not evaluate the integral)

State what is the length of the shortest ladder : What is the length of the shortest ladder that will reach from the ground over the fence to the wall of the building?

How much money will be in the savings account : a person deposited $500 in a saving account that pays 5 percent annual interest that is compounded yearly. At the end of 10 years, how much money will be in the savings account?

Why no part of the change is due to the income effect : If my optimal choice for two goods (cookies and milk) is different from two different weeks (for example, week one is C:8,M:16 and week two is C:16,M:16) BUT INCOME IS THE SAME throughout all weeks ($8).

State solution to both the equation and the inequality : If you replace the equal sign of an equation with an inequality sign, is there ever a time when the same value will be a solution to both the equation and the inequality? Write an inequality and provide a value that may or may not be a solution to..

How many ducks are in the field : A group of ducks and cows are in a field. They have a total of 65 heads and 226 legs. How many ducks are in the field?

Describe two real-life examples : Describe two real-life examples where the order of operations and basic math principles are used either at home or on the job.

Find the point of intersection of each pair of lines : Find the point of intersection of each pair of lines.

User Account

All Pages