optimization, Microeconomics

Assignment Help:
Andrew has preference given by:
u(x,y) = min{2x, 3y}
The price for good x and good y are identical and equal to 4. At his optimal consumption bundle he achieves a utility of 90. What is his income?ion..

Related Discussions:- optimization

Production cost, how can draw the table and diagram of production function ...

how can draw the table and diagram of production function function with one veriable

Economic reforms and foreign investment inflows, Economic Reforms and Forei...

Economic Reforms and Foreign Investment Inflows: A major objective of economic reforms was to increase foreign investment, which helps to increase capital formation of the eco

Why concept of elasticity is important in economics, Why concept of Elastic...

Why concept of Elasticity is important in economics?  Elasticity is very important concept in economics because it affects the decision of individuals as well as of the whole e

Educational planning and economic growth, Normal 0 false fals...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Demand and supply curve with externalities, # 1 Question: Consider a compet...

# 1 Question: Consider a competitive market for Berries. The market demand for the berries is Qd=50-P (Qd is the quantity demanded (cartons) and P is the price in $. The market sup

Control of monopolies and restrictive trade practices, Control of Monopolie...

Control of Monopolies and Restrictive Trade Practices Monopoly hampers economic growth by lowering output and increasing prices and has an anti-social impact. In India, the Monopo

PPC help, I don''t understand PPC at all

I don''t understand PPC at all

Monopoly, AskPharmaceutical companies can expect to earn large profits from...

AskPharmaceutical companies can expect to earn large profits from blockbuster drugs (for high blood pressure, depression, ulcers, allergies, sexual dysfunction) while under patent

Write Your Message!

Captcha
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!

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