Take one example, micro mathematics, for example about the relationship between customer satisfaction, the price in a number of px py, how much pd py to buy Find the maximum / optimal ulility problem, discuss (multiple regresion)
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Q: MU, MRSxy Utility Function MUX U %3D 2х + 3у 2x U = 2y
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A: I=270 HUF Price of book= 16HUF Price of bike= 17 HUF U(x,y)=x0.4y0.6
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Q: whith practical examples distinguish between sacale of preference and opportunity cost
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A: Marginal utilities are, MUx=y and MUy=x+36. The price of fruit and vegetables is Px = $12 per kg,
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- Need help with a disscusion post response. The image attached is the other persons post. I must reply with an option or added information. Must be 150 words. Here is the orginal instructions to reference... (DO NOT ANSWER, I ONLY NEED TO REPLY TO THE IMAGE ATTACHED) Identify, describe, and explain two lessons from microeconomics that you find most important to your future. Try to find one lesson from "business economics," one lesson from "microeconomics applied to society," and one lesson involving global issues. Describe and explain providing interesting examples! Respond to at least one lesson identified and explained by one or your classmates.The CC’s are a major league basketball team CC’s charge $10 for a reserved seat ticket to any one of their 71 home games they play each year In addition, only before the season begins, the team offers to sell one and only one ticket book to each fan The ticket book contain 10 reserve seat tickets to any game for a total payment of$50 Using consumer theory, show why the CC’s sell the ticket book If CC’s tickets are an inferior good, could a fan end attending fewer games a year because of the ticket book offer? If CC’s tickets are a normal good, could a fan end up attending fewer games a year because of the ticket book offer? What does this suggests about the team’s belief concerning the income elasticity of demand for tickets?Raad wants to sell his workout DVDS in the Middle East, Asian, and Latin African countries. will help him reach vendors abroad, without the expense of traveling to meet them face-to-face. A website and other technological advances B. Partnering with a large U.S recording studio C. The SBA (Small Business Administration) D. An incubator facility
- In your opinion which 3 of Friedman's 10 major flat World events have contributed the most to the success of fast food in jamaica.I need your help with the question attached. THANKS! (Note: take the price of good to as p2)For Unit 4 Learning Journal, you will use the marginal utility formula to choose between two products. Catherine is having dinner at the Yellow Restaurant. She wants desert after eating her entree. She is trying to decide between a cookie or a slice of pie. The cost of a cookie is $5 and the cost of a slice of pie is $8. Refer to the Unit 4 Learning Journal Marginal Utility spreadsheet Compute the marginal utility for cookie and slice of pie Compute the marginal utility per dollar What is the utility maximizing choice for a cookie and slice of pie? Explain what the utility maximizing choice means. Discuss how you could use marginal utility to make consumer choices
- Need asap... My husband is sick of me drinking Coke every day. He tells me that if I give up drinking it for 6 months, he'll buy me a new car. I want a new car, so I agree to the deal, and I don't drink any Coke during that time. At the end of the six months, I tell him it's time to go get my new car. He balks and says no, explaining that not drinking Coke has actually been beneficial for me, so there's no consideration for the deal. Is he right? Explain.This is from my microeconomics class, Mankiw Chapter 12. It is one question broken up into two parts. 1) A Culinary Conundrum Assume that Georgetown University President John DeGioia is interested in encouraging healthier eating habits on the part of Georgetownstudents. Assume further that Georgetown Students have two options for their meals: they can eat in the cafeteria on campus or at one of the fancy restaurants in the surrounding neighborhood. Meals on campus are healthier than most off-campus options, so President DeGioia would like to encourage students to eat on campus more often. However, students think it’s fun to go off campus for their meals when they can afford to do so. Thus,you should consider on-campus meals to be inferior good standoff-campus meals to be normal goods. a.) True, false, or uncertain: if President De Gioia orders the cafeteria to lower the price of its meals, students will eat on campus more often. Explain your answer. b.) True, false, or…SUBJECT: ENGINEERING DATA ANALYSIS I. In your own words, define the following terms. 1. Price floor2. Demand3. Economics4. Ceteris Paribus
- 1. At point S, the marginal utility of horseback riding per unit cost of horseback riding is higher than the marginal utility of skiing per unit cost of skiing. 2. Bundles S, T, and U are affordable a. both statements are true b. both statements are false c. 1st statement is false, 2nd statement is correct d. 1st statement is correct, 2nd statement is false.whith practical examples distinguish between sacale of preference and opportunity costGive typing answer with explanation and conclusion Graphically illustrate and explan the impact of expensive and erratic electrivity on the market for Ferrochrome?
