Mathematics, 03.12.2019 22:31 josue718
1. clara's utility function is u(x, y) = (x + 2)(y +1). a) write an equation for clara's indifference curve that goes through the point (x, y) = (2, 8). b) suppose that the price of each good is one and that clara has an income of 11. write an equation that describes her budget constraint. c) find an equation the describes clara's mrs for any given commodity bundle (x, y). d) use the equations in parts b) and c) to solve for clara's optimal bundle( hint use the fact that at clara’s optimal choice = mrs) e) find clara’s demand function for good x (i. e. find x(px, py, m). 2. consider bridget, who has preferences that can be described by the function u(x, y) = 5ln(x) + y. find bridget's demand functions for x and y.
Answers: 1
Mathematics, 21.06.2019 18:30, JvGaming2001
School has 204 sixth grade students. if the sixth grade is 30% of the total school, how many students are in the middle school?
Answers: 2
Mathematics, 21.06.2019 22:10, Jenifermorales101
Write the function for the graph. (1.8) (0,4)
Answers: 3
Mathematics, 21.06.2019 22:30, natalievick03
At the beginning of year 1, carlos invests $600 at an annual compound interest rate of 4%. he makes no deposits to or withdrawals from the account. which explicit formula can be used to find the account's balance at the beginning of year 5? what is, the balance?
Answers: 2
1. clara's utility function is u(x, y) = (x + 2)(y +1). a) write an equation for clara's indifferenc...
Chemistry, 13.09.2021 03:50
English, 13.09.2021 03:50
Geography, 13.09.2021 03:50
Chemistry, 13.09.2021 03:50