sam's utility over x and y is given by the U= 10x.y. The marginal utility of each good is given by : MUx=5y and MUy=5x. a) Draw sam's indifference curve representing a utility level of 100. b) is sam's preferences well behaved? why or why not?

Q: What is a production possibility curve and explain points of efficiency, inefficiency, and not…

A: The production possibility curve shows the different combinations of two goods that can be produced…

Q: Player 1 Up Down [Select] Left 2,4 6,5 Player 2 In the above game, player 1 would play [Select]…

A: Game theory refers to the study of mathematical models of strategic interactions among rational…

Q: Calculating Price Elasticity Qd = 30 – 3*P P = 2 P = 5 P = 8 P = 6   Calculate elasticity of the…

A: Price elasticity refers to the percentage change in the quantity demanded for a given percentage…

Q: Jane and Sara are competing orange juice salespersons in Amherst. Their stands are next to each…

A: When two sellers compete in price it formulates into a Bertrand duopoly game where both the seller…

Q: Using the Long Run Average Cost curve for a Monopolistic Competitive firm below answer questions 2a…

A: Given, Monopolistic competitive market are those market where there are many sellers selling…

Q: Q1: Determine the Price Demand eqution Price 40 > 20 40

A: The demand curve depicts the inverse relationship between the price and quantity demanded of a…

Q: Electricity is produced with water according to the function: E = 5 + 5W-1W² where E = kilowatt-hour…

A: Electric power is the speed at which work is accomplished or energy is transformed into an…

Q: Suppose that one factory inputs its goods from two different plants, A and B, with different costs,…

A: Given that,  Inputs of the factory from the plant A=4  Inputs of the factory from the plant B=7…

Q: Figure 7-2 P2 P1 Price A с D Q1 B Q 8 Supply Quantity

A: Producer surplus refers to the benefits a producer gets (in monetary terms) by selling its products…

Q: Show necessary and appropriate steps. No credits will be given to answers without showing necessary…

A: A market is defined as the total number of buyers and sellers in a certain area or region. The…

Q: How does healthcare system in country affect economic development?

A: A health framework, medical care framework, or medical care framework is an association of…

Q: Use the Fed and the banking system T-accounts to describe the effects of a Fed sale of $200 million…

A: The Central bank is the monetary authority of an economy, which is responsible for the monetary…

Q: A gardener is trying to maximize profit by growing tomatoes (T) and carrots(C) with fertilizer(F).…

A: In economics, elements of production are the resources people utilize to manufacture goods and…

Q: . The demand curve for a product is given by Q=1,000 - 2P, +.02P where P, = $400. a. What is the own…

A: Price elasticity of demand measures the quantitative change in demand following change in the price…

Q: As a firm decreases its price more and more, what would be true about the demand elasticity that…

A: Introduction Contribution margin indicates that it is a term describing profitability. Contribution…

Q: nflation stated for the two projects is 2.5%. When performing a marginal analysis comparing two…

A: Inflation is defined as the rate of increase in the prices of goods and services during a given…

Q: Compared to predicted inflation of 3.2%, the risk-free rate is 4.8%. What will the new risk-free…

A: The rate of return on a hypothetical investment with regular payments made over a set period of time…

Q: For a monopoly, the demand and cost functions are: Demand: Q = 100 -0.20P Cost: TC= 10 + 60Q Solve…

A: A monopolist always maximizes profit where: Marginal Cost = Marginal Revenue  MC = MR   Total…

Q: If an electric appliance present worth is P120,000.00 and is being paid P5000.00 indefinitely,…

A:

Q: A house and lot can be acquired by a down payment of P500,000 and a yearly payment of P100,000 at…

A: Introduction: It is given that the down payment = P500000 Yearly payment = P100000 The time period…

Q: 7. Use the following graph to answer questions a-f. a. What area represents consumer surplus before…

A: Consumer surplus is the difference between consumer willingness to pay and market price whereas…

Q: If the current real GDP growth rate and population growth rate are maintained, real GDP per person…

A: Rise in the production of goods and services on the sustainable basis is known as economic growth.…

Q: Justify and defend the use of cost-benefit analysis in measuring utility.

A: A cost-benefit analysis refers to the systematic process that firms use to analyze which decisions…

Q: Given the total cost equation: level of Q yields the minimum cost of production? TC = 32 + 2Q², what…

A: Average total cost is implied as the total of all production costs divided by the total quantity of…

Q: 4. Assume no government and no international trade in a country. Show that measured savings is…

A: The buying and selling of goods and services between businesses in various nations is referred to as…

Q: 3. How do you compare the inflation rate in 2021 to the inflation rate in 2020? a The inflation rate…

A: The inflation rate measures the increase in prices over time. It can be calculated using CPI.…

Q: How can a hotel become better in the short run? And in the long run?

A: In economics the long run refers to a time period wherein all factors of production and costs will…

Q: A new stereo for a car is generally priced in the $150 range.  A new car generally is generally…

A: Price elasticity of demand measures the responsiveness in quantity demanded of a commodity to a…

Q: 4. Discouraged workers Which of the following statements correctly describe discouraged workers? (If…

A: Some unemployment occurs when the economy is producing at a lower capacity than it is capable of.…

Q: 3 What is the total price of a boat with an original price of $12773, if it is sold at a 20%…

A:

Q: The following table shows the annual average data on the employment status of the U.S. civilian…

A: Introduction: Unemployment refers to the situation when the number of job seekers is more than…

Q: Qd = 1,600 - 125P Qs = 440 + 165P Quantities are measured in millions of bushels; prices are…

A: As given  Demand: Qd = 1,600 - 125P Supply: Qs = 440 + 165P  Equilibrium condition is that condition…

Q: QUESTION 11 A means that the government is spending as much as what it is collecting in taxes.…

A: A  _ means that the government is spending as much as what it is collecting in taxes.

Q: Fill in the table using the given data. Country Canada Netherlands Japan Working-Age (Civilian…

A: We use the following formulas to calculate the missing information: 1) Civilian labour Force =…

Q: Factors Affecting Pricing Organizational and marketing objectives Channel member expectations…

A: Pricing decision are businesses decisions while setting costs for their items or administrations.…

Q: 4. At an annual effective interest rate of i, i > 0, both of the following annuities have a present…

A: An immediate annuity is a special type of annuity where one have to pay a specific amount today and…

Q: What are the pros and cons of the creation of a medical marijuana monopoly? *What are the pros and…

A: Monopoly is the market where the producer enjoys the privilege of determining the price in the…

Q: The elasticity of factor demand will be greater the: Select one: a) fewer the amount of capital…

A: Elasticity is a concept used in economics to describe the change in amount required or provided as a…

Q: Suppose that the annual rates of growth of real GDP in Econoland over a five-year period were as…

A:

Q: Why do these goods have the elasticity that they do? Inelastic Coffee, Elasticity: 0.25 Elastic…

A: Income elasticity of demand measures the responsiveness in quantity demanded of a commodity to a…

Q: In macroeconomics, we imagine that there is one large labor market. What does that market determine?…

A: Introduction Market is a place or an environment where a buyer or customer can purchase the goods…

Q: Leah's Pizza delivers several types of pizza, which is sold for 499 pesos each and costs 300 pesos…

A: The anticipated value of a financial investment's return is known as the anticipated return (or…

Q: MMCM purchased an equipment which is going to be used by the students for their laboratory. To…

A: The present value of an annuity alludes to how much money would be required today to fund a series…

Q: Consider the foreign exchange market. For each of the scenarios below, answer the following…

A: The price of dollar relative to the currency of other countries is determined in the foreign…

Q: When the quantity of resources for production increases, the production possibility curve Select…

A: Production possibility frontier shows the different combinations of two goods that can be produced…

Q: A horizontal supply curve with no slope is considered?

A: supply curve, in economic matters, realistic portrayal of the connection between item cost and the…

Q: Over the 120 years from 1900 to 2020, the average growth rate of U.S. real GDP per person was 2…

A: The value of final goods and services produced in a year is known as the nominal GDP. When the…

Q: Private sperding (billions) 8300 800 2 20 11 $20 100 30 100 120 140 160 180 200 GDF (hillens) (CIE…

A: A private and closed economy consists of households and firms or businesses. A private and close…

Q: Suppose that 50,000 dollars from a retirement account is invested in a large cap stock fund. After…

A: Buying products that aren't consumed right away but will be used to make money later on is what is…

Q: Suppose the present value of a series of payments is equal to R84 398 and the (constant) nominal…

A: Present value will be calculated as the value of series of payments (PMTs) in future expressed as it…