Liz has a utility function of U(X,Y)=30XY, where X is food and Y is the composite good. The price of food is 10$ per unit. She has a 800 budget. What is her optimum amount of X to consume? Liz has a utility function of U(X,Y)=40XY, where X is food and Y is the composite good. The price of food is 10$ per unit. She has a 400 budget. The government assigns a 600$ subsidy to Liz With the hope that she will increase her food consumption. What is the new amount of X consumption for Liz?

Q: If you are hired by an organization, you would be least hurt by inflation if

A: Inflation is the consistent rise in general price level over period of time. It reduces the value of...

Q: 4. Show on a diagram how an individual may seek to smooth their consumption over their lifetime. How...

A:   * ANSWER :-  (4) Based on the given information the explanation is as follows.  

Q: In 3–5 sentences, explain 2 causes and 2 effects of the stock market crash of 1929

A: Stock prices plummeted 40% in late October 1929 when the market collapsed. The 1929 stock market cra...

Q: . Effects of rent control Rent controls force landlords to price apartments below the equilibrium pr...

A: The correct options are C and D   C. Nonprice methods of rationing emerge.   D. The quantity of avai...

Q: Alia only likes tacos, which she buys from two local restaurants - Alberto's and Roberto's - so let'...

A: Given:- U(x,y)=2x+3y I=$24, Py=$4 Please find the images attached below for detailed solution.

Q: For her statement of income, Maricela indicates the following amounts for the present year: $80,000 ...

A: * SOLUTION :- 

Q: A monopolist produces a product with price, quantity sold and marginal cost as shown in the table be...

A: Monopolistic competition is a type of imperfect competition in which many producers compete against ...

Q: A discriminating monopolist is able to charge different prices in two different markets. If when the...

A: A monopolize may be a person, organization, or company that has complete management over a marketpla...

Q: Explain whether each of the following statements describes a change in demand or a change in quantit...

A: Quantity demanded refers to the quantity of associate item or service that customers demand througho...

Q: two goods Folger can afford. Move point A to mark the 110 combination of the two goods he will choos...

A: Answer: According to the above figure, point A lies where the consumer consumes 6 books and 50 cups...

Q: Q.1.2 Should a measure of wealth be included in the consumption function and, if so, what should tha...

A: Consumption is process of using the resources available to you . It gives you some amount of utility...

Q: Macroeconomists are interested in two types of phenomena: economic growth and business cycles. Expla...

A:

Q: Suppose a company offers a standard insurance contract with a premium (r) of $2,000 and a payout (q)...

A: Given that: Premium (r) = $2000Payout (q)= $10000Healthy state Income Ih = $70000Sick state Income I...

Q: Bank 1 and Bank 2 are considering entering a compatibility agreement that would permit the users of ...

A: From the given data as followed by Now we have to consider that the data as We know that A memorandu...

Q: Sheldon is determining how many hours he should work. His wage is currently $18/h and he has 100 h/w...

A: Please find the answer below.

Q: What is the importance of the circular-flow diagram?

A: Answer to the question is as follows:

Q: Market for Florida Oranges 50 45 I Price (Dollars per box) 15 Supply 40 Quantity Demanded (Milions o...

A: A binding price ceiling occurs when the Government sets the goods price below equilibrium. It is bin...

Q: Consider the following Keynesian economy Desired consumption: c" -220 + 0.6(Y - T)-200r Desired inve...

A: Given: The consumption level is as: Cd = 220 + 0.6Y - T - 200r Desired investment: Id = 300 - 300r T...

Q: The amount $101 is available to be paid out to two players. The players must make simultaneous claim...

A: Given,  Two Players : Player 1 and Player 2 The Amount to be paid to the two players : $101 The clai...

Q: in your own words, discuss the operation of capitalism.

A: Capitalism is one of the types of economies that explains a specfiic market structure according to w...

Q: Draw the circular flow model and in your own words, discuss the operation of capitalism.

A: The circular flow of income refers to that model of the economy in which the exchanges are represent...

Q: a. Complete the missing cells of the following table, showing the formulae used and your calculation...

A: The unemployment rate is the fraction of the labor force that is unemployed. The labor force is the ...

Q: he markel för lavored water is characterized by the following supply and demand functions: upply: Qs...

A: Here we calculate the following terms by using the given demand and supply function and conclude the...

Q: Describe one economic benefit, other than energy cost savings, that may result from increasing the a...

A: Enterprise is managed by entrepreneur and therefore enterprise would be occupationally mobile if ent...

Q: Find the uniform annual amount that is equivalent to a uniform gradient series in which first year's...

A: GIVEN     First year payment (AL) = 500 Greadient (G) = 1000 Annual Rate of interest = 8%. (i) Numbe...

Q: What happened here? All data in real $bn. NX Y. NX new NX old Oa. our currency appreciated, raising ...

A: Ques 1)  Net exports is given as the value of a nation's total export goods and services minus the v...

Q: The gross domestic product (GDP) of the United States is defined as the market value of all final go...

A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question spec...

Q: Suppose that Kat likes arrows and food. Kat's potential indifference curves for these two goods are ...

A: An indifference curve is used to explain the law of diminishing marginal utility that applies to alm...

Q: answer questions 2 and 3

A: Subsidies: A subsidy is a measure of cash given straightforwardly to firms by the public authority t...

Q: Consider the following modified version of the model of the firm studied in class. The firm lives fo...

A: The goal of a computational problem is to find the best of all potential solutions. In more formal t...

Q: C, D, E

A: Bonds are financial instruments in which an investor lends money to a company or government for a se...

Q: Deficit spending" refers to a situation where the government:  A. Spends borrowed funds B. Collects ...

A: When tax revenue collected by the government is equal to government spending the situation is known ...

Q: Consider the following decision problem with monetary outcomes: State: Si S2 Probability:

A: There are two states : S1 & S2  Probability of S1 = 0.5 Probability of S2 = 0.5  Actions : { a ,...

Q: How did Europe's Industrial Revolution contribute to the Age of Imperialism? Select THREE answers th...

A: When talking about European Industrial Revolution, it was the situation when European countries were...

Q: ALART...............NO SPAM !!!!!!!! An urgent step-by-step_COMPLETE CALCULATION is needed. give the...

A: Because during 1961 the GDP rate is 4.32% 1962 it's increased as 5.57% im 1962 it's 5.32% during 196...

Q: Suppose firms incur transportation costs to sell their product abroad. How do transportation costs a...

A: Transportation costs are the prices likely to be changed abroad and how to make up a larger share in...

Q: You are modeling a qualitative variable that takes on two classes (classes 1 and 2). In trying to cl...

A: The answer is given below

Q: if it is no trade, what is the equilibrium price and quantity of sugar in Sri Lanka?

A: No-trade equilibrium price:- The no-trade principle in economics asserts that if marketplaces seem t...

Q: Paul's PPF Sue's PPF Cheese Cheese 100 80 60 Ham 30 Ham

A: Sue has nothing to gain from trading with Paul since she is better in making both goods

Q: Expected Utility formulation was initially proposed as a solution to the St. Petersburg paradox (or,...

A: ANSWER The paradox known as the St. Petersburg Paradox is obtained by a simple coin flip game. The r...

Q: Unit 2 Test Review 1. Who proposed managed capitalism? 2. What does laissez faire mean? 3. The US ha...

A: "Since you have asked a question with multiple sub-parts, we will solve first three sub-parts for yo...

Q: may arise. This is when _____.    A. Bismarck; insurers seek out healthy customers.  B. Beveridge; ...

A: The Bismarck and beveridge are two popular health care systems where the two different methods of fu...

Q: Marginal benefit and marginal cost (dollars per swim) 50 MC 40 30 20 10 MB D В 4 5 Manatee swims (pe...

A: Allocative efficiency refers to a situation where price of a particular good is equal to the margina...

Q: Q.1.7 In most developing countries, the share of young people in the total population is larger than...

A: Saving is the that part of income which is not consumed . Saving is influenced by the age factors of...

Q: 7 Suppose the following model describes the relationship between annual salary (salary) and the numb...

A:

Q: Suppose Adrienne receives a payment in cash of $400 and she deposits it in a bank. i. If the banking...

A: The entire quantity cash of cash closely-held by the general public at Any given time in an economy ...

Q: Part 2: First Long Question There are two French bakeries in a small town: Le Meilleur Croissant (C)...

A: For the above game Bertrand price competition is possible in which the one with higher marginal cost...

Q: SUGAR (Millions of pounds) Suppose that Maldonia and Lamponia agree to trade. Each country focuses i...

A: Answer: Let us first calculate the opportunity cost (OC) in the production of both the goods for bot...

Q: a. Identify each of the variables and briefly explain the meaning of each one. b. From the above lis...

A: IS curve shows equilibrium in the market of goods and services. LM shows equilibrium in the asset ma...

Q: Vary the “Capacity” of Storage from 70 to 94 in increments of 4. For each capacity level, perform 30...

A: (1) Answer: D. Every organization has an operations function. Explanation: The operation functions l...