subject
Business, 14.10.2019 21:00 annemcnair217

Victor is the manager of a local bank branch in college station where he consumes bundles of two commodities x and y. prices in college station are px=1 and py=5. he is offered a transfer to dallas where prices are px=2 and py=8; victor’s utility function is u(x, y)=xy and his income in college station is $5000. (victor’s utility maximization is always characterized by the tangency rule). will victor be able to afford what he was buying in college station if he is offered a salary in dallas that guarantees his welfare is the same with the transfer?

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 10:30
You meet that special person and get married. amazingly your spouse has exactly the same income you do 47,810. if your tax status is now married filing jointly what is your tax liability
Answers: 2
question
Business, 22.06.2019 11:00
Specialization—the division of labor—enhances productivity and efficiency by a) allowing workers to take advantage of existing differences in their abilities and skills. b) avoiding the time loss involved in shifting from one production task to another. c) allowing workers to develop skills by working on one, or a limited number, of tasks. d)all of the means identified in the other answers.
Answers: 2
question
Business, 22.06.2019 17:20
Arecession is defined as a period in which
Answers: 1
question
Business, 23.06.2019 07:50
If a price increase from $5 to $7 causes quantity demanded to fall from 150 to 100 and vice-versa, what is the absolute value of the own price elasticity at a price of $7? note that the question is about the price point of $7, and not $5.
Answers: 2
You know the right answer?
Victor is the manager of a local bank branch in college station where he consumes bundles of two com...
Questions
question
Mathematics, 22.04.2021 18:00
question
Mathematics, 22.04.2021 18:00
question
Physics, 22.04.2021 18:00
Questions on the website: 13722367