Business, 25.03.2020 20:16 puchie1225
Hans has $27 which he decides to spend on x and y. Commodity x costs $16 per unit and commodity y costs $10 per unit. He has the utility function U(x, y) = 5x^2 + 2y^2 and he can purchase fractional units of x and y. Hans will choose A. only x. only y. B. some of each commodity but more y than x. C. some of each commodity but more x than y. D. equal amounts of the two commodities.
Answers: 2
Business, 22.06.2019 09:30, linnybear300
Any point on a country's production possibilities frontier represents a combination of two goods that an economy:
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Business, 22.06.2019 11:30, levy72
10. lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal. student d incorrect
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Business, 23.06.2019 21:10, epicriderexe
Which of the following best describes how manufacturing creates wealth? increases the number of affluent americans living in the united states and abroad drives the stock market, thus creating wealth for investors provides many low-wage jobs, driving down the unemployment rate increases the value of raw materials by turning them into something people and companies will purchase
Answers: 1
Hans has $27 which he decides to spend on x and y. Commodity x costs $16 per unit and commodity y co...
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