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- The value in Y axis has changed from 13.54 to 11.78 and the value in X axis has changed from 9.96 to 4.14, what is the slope of the indifference curve at this point? a. 0.30 b. -3.31 c. -8.01 d. 11.22The monthly profit, in soles, from the sale of q bracelets is given by: U (g) = aq3 + bg² + cq - 5 000 In addition: • It is estimated that the sale of the Twenty-first bracelet generates a loss of 67 soles. • When 100 bracelets have been sold, the marginal utility decreases at the rate of 10 soles / bracelet per bracelet. • It is known that after selling 50 bracelets, the profit decreases at the rate of 250 soles per bracelet. Then: • a = • b = • C =When utility function U(q1, q2)=min{ 34.6 q1, 17 q2} and q1= 33 and q2= 60 are given, find utility level consumer gains?
- Determine which, if any, of Properties 4–1 through 4–4 are violated by the indifference curves shown in the following diagramA consumer is having a monotonic preference. What can you say about his preference on these bundles (10,10) (10,9) (9,9)For the following utility function find the MRS at (x, y) = (2, 3) a) U(x, y) =2x +y b) U(x, y) =x^3 y^2 c) U(x, y) =min(x, 2y) Solve subparts (c )correctly
- If the slope of indifference curve is -0.8 and the change in X axis is 8, what is the change in Y axis? Select one: a. - 10 b. 10 c. - 0. 1 d. - 6.4Jeremy derives all of his utility from consuming milk shakes; he devotes his entire $20 allowance to milk shakes each week. Suppose the price of milk shakes rise from $2 to $4. Compute Jeremy's Compensating Variation and Equivalent Variation.For the following utility function find the MRS at (x, y) = (2, 3) a) U(x, y) =2x +y b) U(x, y) =x^3 y^2 c) U(x, y) =min(x, 2y)
- Ann's utility function is U = q1q2/(q1 + q2). Solve for her optimal values of q1 and q2 as a function of p1, p2 and Y.what is the derivative of the utility function UU = log (100-2PPii) + log(PPjj+PPdd) with respect to PPjj. Budget constaint XXii = 100 - 2PPiiDerive utility maximisation of a consumer using the tool of indifference curve analysis
