and hot cider for leunch and Spert a tetel of $10.25 the Sandwich Goer. Uhet wes the costef each item? Defime veriables, costf4.75 more then

Q: 33. Marginal prunciple suggesta that : A. a person will be better oft is helshe com timues to imore…

A: A study of the additional advantages of an activity in comparison to the additional expenditures…

Q: ii. What type of goods are petrol and gas if XED = 0.5? O Complementary and High responsiveness…

A: The cross price elasticity of demand refers to how responsive demand for one good or service is to a…

Q: ne following table shows Madison's uiity krom consuming popcom and Coke Suppose that Madhon has…

A: In a market, when a consumer wants to consume two goods, will will choose a combination or a bundle…

Q: Govelment make O How decisions Puichasing Elabolate does when of the it items? Comes to placess.

A: Government spending includes, government expenditure on consumption, investment and transfer of…

Q: utiliny funelion o: u( X, Xx) = min & ax, -x» , 2X, -X, } uti liny function O: Ulxi, Xa) = max E2x,…

A: In  economy, utility refers to the pleasure or satisfaction that customers get from employing a…

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A: Introduction Here demand and supply price for the shirt has given. Table of demand and supply price:…

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A: arrival rate The typical number of clients/customers showing up per time span. service rate The…

Q: a) You are given a utility function described as: U= U(K, L, M) = 10LogK + SLogL. + 2LogM Where K, L…

A: Goods consumed =  K, L and M  Utility = U= U(K, L, M) = 10logK + 5logL + 2logM Monthly salary = $500…

Q: The figum to the right shows he matet for g The mtt ofa, Now eeose produers decide t o, hoder Hitely…

A: Here, the given graph shows the market demand curve and market supply curve with the initial price…

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A: Below is the given information: Utility function (1) : U(X1, X2) = min2X1 - X2, 2X2-X1Utility…

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A: PPC: The PPC is a diagram that shows the combinations of the various output/yield that can be…

Q: When Amanda wakes up in the morning, she will either purchase Timbits (T) or a bagel (B). This is…

A: * ANSWR :-

Q: James uses kiwi k) and labor (L) tomake Juice Ca). Production function 9=min(43,R %3D lavor musured…

A: We know that for minimum functions we always produce at the kink. Which means : L/3 = K^0.5 So q =…

Q: o make sure he has enough energy for the teaching, Ernie spares $60 every week to spend on Blue Bull…

A: Given, Total money available: M =$60 Price of Blue Bull drink: Pb = $2 Price of Gigantic energy…

Q: Aume hahedenand curve toragooda hororta ine wh deand eguton P-420, where Pae price. And heeely…

A: The equilbrium price and quantity of a good sold in the market are determined by the forces of…

Q: 2 Consumption and Leisure. Hoboid hae stility of Suppoe the boebold teceives a beqnt Bd en cars an…

A: GIVEN   Consumption and Leisure. Households' have utility of U(C) - V (H) Suppose the household…

Q: tiling funellon D: ucX, Xx) = min & ax, -X» , 2X. -X, J uti uti liey function O : ulxi, Xa) > max…

A: Answer - Need to find- Are both function "1" and "2" always better off if they get moe of one of the…

Q: According to PfizerLipitorMonopoly; it will benefit O Benefit managers and consumers O Pfizer only O…

A: PfizerLipitor is a medicines company. It is a monopoly firm. Now there are various market structure…

Q: the price of food, and Po the price of clothing. Clothing. C (unts per woek) 50 The vertical…

A: Answer is as follows:

Q: 39) What is the value proposition of Tastyables versus its com petition? O a. kow sugarandgluten…

A: The given paragraph shows that different brands of food industries are influenced by the marketing…

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A: A monopoly is a market structure where there are only one seller and many buyers. The seller has…

Q: (1, 1) →4 CI, 1) = 2 (4, 1) 4 (4,1) = 3 %3D (1,4) = uCI,4) =5 C,6)→ 4C1,16)=1は O C,16)>(6,1)~() い)…

A: In economics, utility functions are defined as the individual preferences for commodities apart from…

Q: 4. Sketch the following budget constraints: 田 PX PY Income A RO 50 100 RO 5000 100 150 5000 50 200…

A:

Q: 3. What methodological comAider ation in Ecanomics will be useful far decision- makKing er policy…

A: Normative economics:- Normative economics is an ideology that argues economics must make moral…

Q: Ifthe price of a table in Year 2 is $10, how mmytablas will actually ba delivered! If the price of a…

A: d. The market equilibrium is obtained at the point where the quantity demanded is equal to the…

Q: A- Bulleted Invis Bullets Large_Spa... Name Date Paragraph St LIIC VISILUIS C CIILCI at the state…

A: I recently purchased shoes According to four types of utility. 1.Form utility Form of the shoes is…

Q: 1ould be us

A: Answer Without Insulation= P 96 / sqmWith 2-in Insulation = P30.4/sqm with 89% efficiency which…

Q: O Suppose and I pky the and I play the game reck-paper - sci ssor twice Xrsume mixed stratojos (ran…

A: In game theory, a "pure strategy" game is a game where each player chooses from a set of available…

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A: Given,

Q: Table A – Faris Daily Consumption Dozens of Oysters Total Utility Marginal Utility per Day 1 60 104…

A: Marginal utility is the additional utility gained from consuming an additional unit of the good.

Q: we nead to find dp Given that R= P.Qw I know Hkat dR dp This ů where I have imoluad în the peblem…

A: Q+P×dQdP×PP×QNow, we can divide pPin PP×Q, We get:1QQ+PdQdPNow,we will multiply 1Qto open bracked,…

Q: Suppose seller decreas price by 10% then hiw total revene will affect when ed =1.5 or ed=0.5 or ed=1

A: Price elasticity of demand: It is the responsiveness of the change in the demand of a commodity…

Q: Answer the following questions using the following information Columns 1 and 2 in the table below…

A: column 1                 unit of A MU MU/$ unit of B MU MU/$ number of $ saved MU MU/$ 1 80…

Q: Co. XYZ manufactures a product and sells it for $8 per unit. Her fixed costs are $5,000 and her…

A: Co. XYZ sells the produce for = $8 per unit. Fixed costs = $5,000 Variable cost per unit  = 2.444…

Q: What price you understand by and budget Consumer has do line? line that Assuming monthly he Spends…

A: A budget is defined as an estimation of revenue and expenditures over a period of time. Revenue…

Q: Janelle loves sashimi. Her first piece of sashimi usually gives her a marginal benefit of $5. Each…

A: Marginal benefit (MB) is basically interconnected with the gain a buyer attains from every extra…

Q: To make sure he has enough energy for the teaching, Ernie spares $60 every week to spend on Blue…

A: Given: Budget, M = $60 every week Price of Blue Bull (Px) = $2, Price of Gigantic (Py) = $3

Q: Mike has a decreasing marginal uty of ncome. We know that Ms income is greater than S10, but we de…

A: Here, it is given that Mike has a diminishing marginal utility of income with income greater than…

Q: utiliey funelion D: uC X, Xx) = min & ax, -x» , 2X, -X. } 2 X, -X, 3 uti liay function ☺ i ucXi, Xx)…

A: The utility function would result in the combinations of the goods which would result in the want…

Q: (Still with U(X,Y)=min{2X,Y, Px=2, Py=1, 1=20). Independent of the individual preferences, how many…

A: Budget line: I = x.Px + y.Py 20 = 2x + y When all income is spent of good y, x = 0, so  y = 20

Q: We can construct a Bull Spread by selecting Select one: O a. None of these O b. Buying 150 Jan Call…

A: For constructing a bull spread, one can either use call options or put options. For creating a bull…

Q: It’s Friday night. You already have a ticket to aconcert, which cost you $30. A friend invites youto…

A: Economics is a social science that discusses human behavior regarding their unlimited wants in terms…

Q: The Basis of Choice: Utility Allocating Income To Maximize Utility TABLE 6S ABOCation of Fioed…

A: The utility is maximized when with the given amount of money/resources, the customer receives the…

Q: Tary notes that an electronics stare is affenng a flat $20 aff all prices in the store Tony reasons…

A: A flat discount offers consumers prices which are lowered by a fixed amount.

Q: Using a choice diagram (like the one from Perloff used in the slides and copied below for your…

A: The compensating variation (CV) is the amount of money that would have to be given to a customers in…

Q: 3. What methodological conAider ation in E com omics will be useful far decision - makKing or policy…

A: In an economy, different methodologies like positive, managerial, normative, welfare and so on are…

Q: 1.1 Sketch the following budget constraints: Px Py Income S 100 S 25 S5,000.00 a. b. 200 125…

A: [a] [b]

Q: Assume Tom is on budget constraint AC and the price of a hamburger is $4.00. Tom's monthly income…

A: Given,  Budget constraint of Tom is AC. Tom can purchase maximum of 20 units of hamburger or 40 hot…