Business, 14.10.2019 22:00 Totototono
Harmonâs utility function is u(x1, x2) = x1x2. his income is 100 dollars. the price of good 2 is p2 = 4. good 1 is priced as follows. the first 15 units cost 4 dollars per unit and any additional units cost 5 dollars per unit. what consumption bundle does alex choose?
a. (12.5, 12.5)
b. (25,12.5)
c. (12.5, 25)
d. (15, 10)
e. none of the above.
Answers: 1
Business, 22.06.2019 13:30
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Careers in designing, planning, managing, building and maintaining the built environment can be found in the following career cluster: a. agriculture, food & natural resources b. architecture & construction c. arts, audio-video technology & communications d. business, management & administration
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Business, 22.06.2019 19:10
After the price floor is instituted, the chairman of productions office buys up any barrels of gosum berries that the producers are not able to sell. with the price floor, the producers sell 300 barrels per month to consumers, but the producers, at this high price floor, produce 700 barrels per month. how much producer surplus is created with the price floor? show your calculations.
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Business, 22.06.2019 21:30
Suppose that alexi and tony can sell all their street tacos for $2 each and all their cuban sandwiches for $7.25 each. if each of them worked 20 hours per week, how should they split their time between the production of street tacos and cuban sandwiches? what is their maximum joint revenue?
Answers: 3
Harmonâs utility function is u(x1, x2) = x1x2. his income is 100 dollars. the price of good 2 is p2...
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