b) Suppose the price of x1 increases to $2. What is the compensating variation? In other words, how much money would Robert need to be given in order to leave him just as well off after the price change as he was before the price change? What is Robert's equivalent variation if the price of x1 increases to $2? In other words, how much money is Robert willing to pay to avoid the increase in price?

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A:

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A: Given: Weight W=23 Kg Length L=2.5 m Relation L=0.46W3

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A: Original price = 2750% discount = 25%Discount amount = 2750*25100Discount amount =687.50

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Q: 17.The height that a superball bounces, B, varies directly as the height from which dropped, D. A…

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Q: Suppose a bakery makes 200 cherry cheesecakes at a cost of $2.75 each. If a spoilage rate of 5% is…

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A:

Q: Suppose a bakery makes 200 cherry cheesecakes at a cost of $2.65 each. If a spoilage rate of 5% is…

A: cost price of one cheesecake = $2.65 Total number of cheesecakes =200

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Q: A fraction which is bears the same ratio to 1/27 as 3/11 bear to 5/9 is equal to

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Q: Suppose a bakery makes 200 cherry cheesecakes at a cost of $2.55 each. If a spoilage rate of 5% is…

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A: here fixed cost is $2826 and the variable cost is $1 per unit so the total cost is  C=1x+2826…