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.
1926749
Questions Asked
3,689
Active Tutors
1420641
Questions Answered
Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!
A healthcare system with multiple facilities is on their journey to magnet status, the system leadership is exploring options to involve staff
Choose 3 different vulnerable populations. What factors create vulnerabilities for different populations?
As well as follow any necessary documentations required by your company. This can possibly cause the mother to gain a dislike for the behavior analyst.
Rewrite: The CAS is a 25-item tool designed to assess the level of clinical anxiety. It produces scores between 0 and 100, which are treated as valid
A research project conducted by Geisinger Health System looked at the interaction between patients and their providers and pharmacists with medication
SmartCup also detects volume and will give information relevant to percentage of daily consumption. Other metrics the cup is able to test include whether
Code for Patient suffers from a frozen shoulder. The patient was taken to the OR and the right shoulder was manipulated using first abduction.