Suppose the utility function of a consumer of goods x and y has the simple form u(X, Y) = √X. Y a) Graph (sketch) the u= 10 indifference curve associated with this utility function.

b) If X= 5, what must Y be equal to on the u= 10 indifference curve. What is the marginal rate of substitution (MRS) at this point?

c) In general, develop an expression for MRS for this utility function showing how this can be interpreted as the ratio of marginal utilities for X and Y

If we know that a firm has a net profit margin of 4.6 %, total asset turnover of 0.62, and a financial leverage multiplier of 1.54, what is its roe? what is the advantage to using the dupont system to calculate roe over the direct calculation of earnings available for common stockholders divided by common stock equity?

Jackson is preparing for his hearing before the federal communications commission (fcc) involving a complaint that was filed against him by the fcc regarding the interruption of radio frequency. the order to "cease and desist" using the radio frequency has had a detrimental impact on his business. once the administrative law judge prepares his or her initial order, jackson has no further options. no, jackson can request that the matter be reviewed by an agency board or commission. yes, once the initial order is presented, it's only a matter of time before the order becomes final.

Amarket that consists of all possible consumers regardless of their specific needs or wants is a