Suppose a consumer has the utility function uxy xy12
Suppose a consumer has the utility function u(x;y) = xy1/2. Suppose the prices and income are given as Px = $2;Py = $3; I=$900:
a) Draw the budget line.
b) Find MRS. Is it diminishing?
c) Draw the optimal Bundle
d) Draw the Engel curve for good.
Now Priced at $20 (50% Discount)
Recommended (99%)
Rated (4.3/5)
Describe how the Federal Reserve can affect the money supply and interest rates.
Using the aggregate demand-aggregate supply model, explain how the depreciation of the US dollar in terms of foreign currencies would affect the economy.
Describe the probable impact of an increase in government spending assuming no change in taxes or private spending and less than full-employment output.
What are the main characteristics of an oligopoly? Give an example of an industry with an oligopolistic structure. What are the firms in this industry?
The value of a home depends on how attractive other homes and yards in the area are. How do local zoning ordinances try to promote land uses that generate external benefits for neighbors?
Why do you think the stock market has performed or offered higher return than the bond market in the last 30 years? Why do you think gold is dong so well recently? Briefly discuss
Find all pure-strategy Nash equilibria in the game below. List each Nash equilibrium in (Player 1’s Strategy, Player 2’s Strategy) form.
Joe the Plumber runs a competitive firm. He does 20 works per week, and charges $50 per week. His total cost each week is $1200, of which $300 is Fixed cost. Draw a diagram about his short and long run decision.
1944261
Questions Asked
3,689
Active Tutors
1422193
Questions Answered
Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!
Research and analyze the relationship between a P5 nation and a non-P5 nation with which it has had a significant political, economic, or military dispute
Why is sea power an important element of the great power competition? Identify a current example of the great power competition that poses a challenge
Read "Moral Criticisms of the Market" by Ken S. Ewert (found in the Learn section) Do you agree with the critique of the market in Ewert's article?
For your first major assignment, you will reflect on your childhood, your roots, and write an "I am from" poem in the style of George Ella Lyon.
Draft a 6- to 7-page paper in which you analyze the data collection and organization that the healthcare administration leaders in the scenario
Part of the project is to submit the final version of your long business report on a career or industry trend in the last three years.
Develop/write an argument explaining your position or view on the issue. How are opposing viewpoints wrong?