O complements

Q: Show and explain the effects in kind payments and cash payments on individual’s utility by using a…

A: We will take the example of food and non-food products for better understanding the in kind payments…

Q: ** PLEASE LOOK AT BOTH IMAGES , THEY COMPLEMENT EACHOTHER **

A: The consumer surplus is the area below the demand curve and above the market price. The less price…

Q: 1) Joe has a utility function of U-B p4 where B- the number of burgers consumed and P= number of…

A: A consumer maximizes utility at the consumption bundle where marginal rate of substitution equals…

Q: Is it pessible fek matginal utility to be negative and yet tola wWility to be pessitive hy of why…

A: Utility refers to the satisfaction which an individual receive from the consumption of a good, or…

Q: Suppose s consuming troo gods.coffee land beerShe spendo all her income on a combination. 6f coffee…

A: We are going to discuss the Utility maximization problem in case of Perfectly Substitutes Case to…

Q: (A) The unit in which the utility is calculated is ________  (B) Utility measures __________ of the…

A: # In economics we use the concept of utility for the measurement of the satisfaction received by the…

Q: Indifference Curve measure Select one: a. Price O b. Utility C. Production O d. Demand

A: There are different level curves that measure the different combinations of x and y keeping the…

Q: MUA =z = 30 - 4x MUB = z = 20 - 5y, where z is marginal utility per dollar measured in utils, x is…

A: Given that, MUA = z = 30-4x MUB = z=20-5y Consumer income =$7 Budget constraints ; x+y = 7 At…

Q: Ral needs to hire a new landscaping service to take care of the small garden outside his office. He…

A: Maximizing: It will provide an opportunity to get the maximum outcome, suppose a seller is selling…

Q: Dozens of Oysters per Day Total Utility Marginal Utility 1 60 2 104 3 134 4 152 5 8

A: dozens of oysters per day Total utility Marginal utility 1 60 60 2 104 44 3 134 30 4 152 18…

Q: Marginal utility. Explain.

A: The complete enjoyment gained from the consumption of an item or service is referred to as utility…

Q: What is the matching concept?

A: The matching concept is an accounting practice whereby companies acknowledge revenue and related…

Q: Ambrose has u = 400x^(1/2)+ y, m = 1000, pY= 2 and pX= 200. He will maximize utility with x =…

A: Budget line: - it is the graphical representation of different combinations of two goods that a…

Q: Explain and give example 1. Satisfaction of wants VS Fullfilment of needs

A: Satisfaction of wants means to satisfy a want,for example buy a car.

Q: The consumer's willingness to pay reveals the person's strength of want. O TRUE O No answer text…

A: The consumer willingness to pay is key factor behind the demand. Demand curve reveals the…

Q: a)Which gives you greater total utility: 14 gallons of water per day or 22 gallons per day? Why?…

A: Consumers get utility from consuming goods. Total utility is derived from the total amount of goods…

Q: 40. Total utility of a commodity is measured by which price of that commodity?

A: To find : How is total utility of commodity is measured.

Q: Bill gets 100 utils from eating one candy bar per day. He gets 120 utils from eating tw candy bars…

A: Marginal utility is the added satisfaction a consumer gets from having one more unit of a good or…

Q: how substitution effect  effects purchase decision of consumer?

A: The consumer equilibrium is the situation when indifference curve is tangent with the budget line.…

Q: A rational consumer maximizes her Select one:

A: Micro economics is the branch of economics which deals with the individual units. The main concepts…

Q: Quèstion 7 When total utility begins to decline marginal utility will be positive but it will…

A: The relationship between TU and can be summarised as follows :

Q: iven Katy's utility function, she needs to give up increasing o visit one more party and remain as…

A: Statement would be true only if preferences are concave. The marginal rate of substitution will…

Q: What is the matching principle?

A: Matching principle is an accounting term which is used to state that each and every expense occurred…

Q: explain the principles, concepts , and theories underlying individual cosumers beahvaiour with…

A: A rational consumer is going to be in equilibrium when his utility is maximized within a given…

Q: What is a extrapolation

A: In economics there are several economic activities and events that cater to the different analyses…

Q: What is consumer srplus

A: Consumer surplus is the difference between a consumer's willingness price and the price he/she…

Q: When was GATT created?

A: International trade is the process of the exchange of goods and services between different trading…

Q: (a) hat te of substit at max 1izing e (b) What is the price of y at your utility-maximizing…

A: Marginal rate of substitution = (Marginal utility of X / Marginal utility of Y) It tell about how…

Q: utinty Total Number Consumed Utility 1. 11 3 18 4 24

A: The given table shows relationship between the number of units consumed of candy and total utility…

Q: YVETTE: I'm leaving you, Sean. Get over it. SEAN: Are you saying that being single will make you…

A:

Q: O Shift to the left.

A: The aggregate demand function refers to a mathematical expression that shows the relationship of…

Q: C) Find lim F(x), lim F(x), and lim F(x), whichever exist. x→10- x→10* x→10 Find lim F(x). Select…

A: For the left-hand limit to exist for a function, f(x) as x approaches the value of a number let's…

Q: I can't take another bite relate to utility

A: Utility is the level of satisfaction that a person gets by consumption of a good.

Q: 1. Choice: Consider a consumer with a utility function U(x, y) = ln(x + y). (a) Find the quantity…

A: Given  Utility function: U(x,y)=ln(x+y)           .... (1) Price of good x (px) =5 Price of good y…

Q: What is Ceteris Paribus?

A: The subject economics is based on the market mechanism being the central element depends on the two…

Q: "To reach Consumer's equilibrium when buying any two goods, the consumer has to choose the units of…

A: Utility refers to the satisfaction attained from the consumption of the good. A rational consumer…

Q: a) Fill in the missing numbers b) If income is 24, what is the utility maximizing combination? c) If…

A: Note- Since you have posted a question with multiple subparts, we will solve the first three…

Q: Refer to the table below. The consumer has only $16 to spend on X and Y. Px=$2, Py=$4. What is the…

A: Marginal Utility is the additional satisfaction a consumer gets from having one more unit of a good…

Q: How does household made choices based on budget or their utility satisfaction? Justfiy

A: The first method is that, the households want to minimize their budget, subject to a specific level…

Q: d) Explain the difference between ordinal and cardinal utility. Which one is generally used in…

A: Note: Since you have posted multiple independent questions in the same request, we will solve the…

Q: Find the x and y values that will optimize utility for U = x0.25 y0.4 subject to P = 2, P, = 8, and…

A: We have Cobb-Douglas utility function, U = x^0.25y ^0.4 The budget equation, Px*x + Py*y = B 2x+8y =…

Q: Application of Consumer Theory. Derive and exp he Dual Problem of the Consumer Theory assuming 7(x,…

A: Given, Utility function U(x,y) = xy Budget Constraints Px + Py = B

Q: ume that you have tot a utlity 95 nd 95 when you consume zero to 4 units of ice- eam cones. Please…

A: In retail, unit price is the price for a single unit of measure of a product sold in more or less…

Q: How does Michael Porter define a substitute product? What are substitutes for Cash App's products…

A: Threat of substitutes in one of the 5 forces that porters model describes in context to how…

Q: If a consumer is injured by a defective product, which of the following types of claims may the…

A: Consumer is injured with defective products than following are the claim he or she can bring which…