Economics
58545 questions • Page 263 / 1171
A consumer can spend her fixed income of $200 on two products, food (F) and luxu
A consumer can spend her fixed income of $200 on two products, food (F) and luxuries, (L). The consumer’s tastes are represented by the utility function U = F L. Food sells for $2…
A consumer electronics company was formed to sell a portable handset system. The
A consumer electronics company was formed to sell a portable handset system. The company purchased a warehouse and converted it into a manufacturing plant for $2,000,000 (includin…
A consumer has $300 to spend on goods X and Y. The market prices of these two go
A consumer has $300 to spend on goods X and Y. The market prices of these two goods are P_x = $15 and P_y = $5. a What is the market rate of substitution between goods X and Y? b.…
A consumer has a budget of $200 to spend on bowling (b) and tutoring sessions (t
A consumer has a budget of $200 to spend on bowling (b) and tutoring sessions (t). Assume that each game of bowling costs $16 and each tutoring session costs $20. The consumer der…
A consumer has a demand function for good 1: Where p_1 and p_2 are respective pr
A consumer has a demand function for good 1: Where p_1 and p_2 are respective prices of goodl and good2 and m is the income, Show whether good 1 is a (gross) substitute or a (gros…
A consumer has a monthly budget of $100 for buying breakfast which he spends ent
A consumer has a monthly budget of $100 for buying breakfast which he spends entirely on donuts (x) and breakfast burritos (y) from his favorite fast food restaurants. Donuts cost…
A consumer has a monthly budget of $100 for buying breakfast which he spends ent
A consumer has a monthly budget of $100 for buying breakfast which he spends entirely on donuts (x) and breakfast burritos (y) from his favorite fast food restaurants. Donuts cost…
A consumer has a monthly budget of $100 for buying breakfast which he spends ent
A consumer has a monthly budget of $100 for buying breakfast which he spends entirely on donuts (x) and breakfast burritos (y) from his favorite fast food restaurants. Donuts cost…
A consumer has preferences over two goods: x and y . Three bundles, which all li
A consumer has preferences over two goods: x and y. Three bundles, which all lie on the same indifference curve for this consumer, are shown in the following table. Bundle x y A 2…
A consumer initially maximizes utility at point A with income of Y = $120 spent
A consumer initially maximizes utility at point A with income of Y = $120 spent on coffee and biscuits. Then, suppose income increases, shifting the budget constraint from L to L2…
A consumer is deciding how many cups of coffee and how many bus tickets to purch
A consumer is deciding how many cups of coffee and how many bus tickets to purchase. The price of a bus ticket is $1.50 and the price of a cup of coffee is $2. The following table…
A consumer is in equilibrium. She then discovers that the marginal utility per d
A consumer is in equilibrium. She then discovers that the marginal utility per dollar spent on root beer is more than the marginal utility per dollar spent on gasoline. She knows …
A consumer is making saving plans for this year and next. She knows that her rea
A consumer is making saving plans for this year and next. She knows that her real income after taxes will be $50,000 in both years. Any part of her income saved this year will e…
A consumer lives on a diet of solely steak and potatoes. Her budget is $30 for e
A consumer lives on a diet of solely steak and potatoes. Her budget is $30 for every 10 days and she must buy enough potatoes to eat at least 2 potatoes per day If a potato costs …
A consumer lives three periods, called the learning period, the working period,
A consumer lives three periods, called the learning period, the working period, and the retirement period. Her income is 200 during the lea…
A consumer lives three periods, called the learning period, the working period,
A consumer lives three periods, called the learning period, the working period, and the retirement period. Her income is 200 during the lea…
A consumer lives three periods, called the learning period, the working period,
A consumer lives three periods, called the learning period, the working period, and the retirement period. Her income is 200 during…
A consumer must spend all of her income on two goods (x and Y). In each of the f
A consumer must spend all of her income on two goods (x and Y). In each of the following scenarios, indicate whether the equilibrium consumption of goods X and Y will increase or …
A consumer of two goods faces positive prices for both goods and has positive in
A consumer of two goods faces positive prices for both goods and has positive income. Her preferences over consumption of good 1 and good 2 are represented by the following utilit…
A consumer only consumes coffee and juice. The price of coffee goes down and con
A consumer only consumes coffee and juice. The price of coffee goes down and consumption of coffee decreases. Is coffee an ordinary good? The price of coffee goes up and consumpti…
A consumer product company is considering introducing a new shaving system calle
A consumer product company is considering introducing a new shaving system called DELTA-4 in the market. The company plans to manufacture 75 million units of DELTA-4 a year. The i…
A consumer product has a retail price of $1.50. Retail margins on the product ar
A consumer product has a retail price of $1.50. Retail margins on the product are 35%, while wholesalers take a 15% margin. Variable manufacturing costs for the product are $0.08 …
A consumer purchased the bundle (x1,y1 ) = (5; 2) at prices P1 x, P1y = (2; 2).
A consumer purchased the bundle (x1,y1 ) = (5; 2) at prices P1 x, P1y = (2; 2). On another occasion, the consumer bought bundle (x2,y2 ) = (6,0) at prices P2 x, P2 y = (1; 1). Ass…
A consumer who followed the assumption of bounded rationality would be most like
A consumer who followed the assumption of bounded rationality would be most likely to apply the preceding rule of thumb rather than seeking independent information on product qual…
A consumer will achieve maximum total utility when a. Purchases of Good A give t
A consumer will achieve maximum total utility when a. Purchases of Good A give the same satisfaction as purchases of Good B b. Purchases of the last dollar spent on Good A give th…
A consumer with an income of $240 is spending it all on 12 units of good X and 1
A consumer with an income of $240 is spending it all on 12 units of good X and 18 units of good Y. The price of X is $5 and the price of Y is $10. The marginal utility of the last…
A consumer with an income of $240 is spending it all on 12 units of good X and 1
A consumer with an income of $240 is spending it all on 12 units of good X and 18 units of good Y. The price of X is $5 and the price of Y is $10. The marginal utility of the last…
A consumer with an income of $240 is spending it all on 12 units of good X and 1
A consumer with an income of $240 is spending it all on 12 units of good X and 18 units of good Y. The price of X is $5 and the price of Y is $10. The marginal utility of the last…
A consumer with convex indifference curves moves along her budget line, closer a
A consumer with convex indifference curves moves along her budget line, closer and closer to the horizontal axis. As she is moving A. The marginal utility she gets from good X dec…
A consumer\'s budget constraint changes slope whenever: the consumer buys a diff
A consumer's budget constraint changes slope whenever: the consumer buys a different combination of goods relative prices change an indifference curve is tangent to it the consume…
A consumer\'s budget constraint refers to the collection of all possible bundles
A consumer's budget constraint refers to the collection of all possible bundles that ___________. A. a consumer finds suitable for possible purchase. B. a consumer can purchasea c…
A consumer\'s budget set for two goods and (X and Y) is 500 2X + 4Y. Illustrate
A consumer's budget set for two goods and (X and Y) is 500 2X + 4Y. Illustrate the budget set in a diagram. Does the budget set change if the prices of both goods double and the c…
A consumer\'s demand curve for a product is downslopingbecause: A.total utility
A consumer's demand curve for a product is downslopingbecause: A.total utility falls below marginal utility as more of aproduct is consumed. B.marginal utility diminishes as more …
A consumer\'s preferences over two goods are represented by: U(x1, x2) = (x1^2)(
A consumer's preferences over two goods are represented by: U(x1, x2) = (x1^2)(x2^3)/100 The prices are P1 and P2, and an amount of money E can be spent on these goods. a) Show th…
A consumer\'s utility function is U = In(xy^4) (a) Find the values of x and y wh
A consumer's utility function is U = In(xy^4) (a) Find the values of x and y which maximise utility subject to the budgetary constraint 10x + 5y = 150 Use the method of substituti…
A consumer\'s utility is defined by the function u(x_1, x_2) = x_1^1/3 x_2^1/2 A
A consumer's utility is defined by the function u(x_1, x_2) = x_1^1/3 x_2^1/2 Assume the prices of x_1 and x_2 are respectively defined by p_1 and P_2, and the consumer has in dol…
A consumers income elasticity of demand for a good is zero. Thedemand curve the
A consumers income elasticity of demand for a good is zero. Thedemand curve the the same consumer is: p = 120 - 3x a. What is the maximum sum that the consumer will pay in orderto…
A consumer’s set of indifference curvesprovides complete ranking of all possible
A consumer’s set of indifference curvesprovides complete ranking of all possible consumptionbundles ranking of the set of bundles that happen to fall onindifference curves framewo…
A contentious issue is brewing between dog lovers and wetland lovers in Bozeman’
A contentious issue is brewing between dog lovers and wetland lovers in Bozeman’s 100-Acre Park (also known as “The Dinosaur Park” located between Oak and Baxter). The issue goes …
A contentious issue is brewing between dog lovers and wetland lovers in Bozeman’
A contentious issue is brewing between dog lovers and wetland lovers in Bozeman’s 100-Acre Park (also known as “The Dinosaur Park” located between Oak and Baxter). The issue goes …
A contractionary monetary policy lowers equilibrium real GDP in the short run by
A contractionary monetary policy lowers equilibrium real GDP in the short run by increasing the interest rate. In an open economy, the net export effect reinforces the effect of a…
A contractor for the U.S. Defense Department products airplanes from capital (K)
A contractor for the U.S. Defense Department products airplanes from capital (K) and labor (L) by the production function: A = K times L2 The marginal product of labor (MPL) = 2KL…
A contractor has a project that will produce revenues of $40,000 and operating c
A contractor has a project that will produce revenues of $40,000 and operating costs of $2000 dollars every year. The contractor needs a truck for moving earth purposes. The proje…
A contractor is building 4 tool sheds for a customer, each should take one week
A contractor is building 4 tool sheds for a customer, each should take one week to complete, and should cost $800 each. At the end of 2 weeks the contractor has completed 3 sheds.…
A contractor is considering the purchase of a new $40,000 truck, which has an es
A contractor is considering the purchase of a new $40,000 truck, which has an estimated useful life of 8 years. He believes that he can sell the used truck for $8,000 at the end o…
A contractor performs construction work and incurs the direct costs (provided be
A contractor performs construction work and incurs the direct costs (provided below) finishing the project at the end of Month 4. She bills the client for 125% of direct costs and…
A contractor purchases a piece of equipment for $26,000. The equipment requires
A contractor purchases a piece of equipment for $26,000. The equipment requires an average expenditure of $9.25 per hour for fuel and main- tenance, and the operator is paid $15.5…
A contractor submits a bid on a project, for which more research and development
A contractor submits a bid on a project, for which more research and development work needs to be done. It is estimated that the total cost of satisfying the project specification…
A contributing factor to an airplane\'s duel consumption is the bypass ratio of
A contributing factor to an airplane's duel consumption is the bypass ratio of the engine system. The bypass ratio is the amount of air passing around the engine core relative to …
A contributing factor to an airplane\'s duel consumption is the bypass ratio of
A contributing factor to an airplane's duel consumption is the bypass ratio of the engine system. The bypass ratio is the amount of air passing around the engine core relative to …
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Economics
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