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Business, 22.06.2019 19:00, 3peak101
Andy purchases only two goods, apples (a) and kumquats (k). he has an income of $125 and can buy apples at $5 per pound and kumquats at $5 per pound. his utility function is u(a, k) = 6a + 2k. what is his marginal utility for apples and his marginal utility for kumquats? andy's marginal utility for apples (mu subscript a) is mu subscript aequals 6 and his marginal utility for kumquats (mu subscript k) is
Answers: 2
Business, 23.06.2019 21:00, ftbluedevil
What preforms the best over the long term? a) bonds b) mutual funds c) stocks d) certificate of deposits
Answers: 1
Consider the relative liquidity of the following assets:
a. The funds in a money market account
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