Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

suppose that a consumer's preference between the good x and y are represented by the utility function u(x,y)= x+y. If these two goods have the same price, describe the optimal consumption choices of this consumer.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91574300

Have any Question?


Related Questions in Microeconomics

Question - a report came out in july last year that said

Question - A report came out in July last year that said Australia's "do nothing" approach of up-taking electric cars could cost the local economy over $350 million in the next 20 years, on top of the one million tonnes ...

Question assignment descriptionfor this assignment you need

Question: Assignment Description For this assignment, you need to choose an industry and then analyze the growth pattern of that industry during periods of recession and periods of expansion. Examples of industries that ...

Question consider the following cost information for a firm

Question: Consider the following cost information for a firm that operates in a perfectly competitive market.   Labor is a variable input.    Q (quantity of output) Total cost ($) 0 3 2 5 4 9 6 15 8 23 10 33 12 45 (1) Ca ...

Question the american recovery and reinvestment act of 2009

Question: The American Recovery and Reinvestment Act of 2009 (ARRA) was passed by President Obama and Congress in response to the recession of 2007-2009. The primary components of this bill included tax cuts and increase ...

Question older business cycle theories used to focus on

Question: Older business cycle theories used to focus on what was called the ‘‘interaction of the multiplier and the accelerator'' to produce endogenous business cycles; the accelerator said that investment was proportio ...

Question topic marijuanathere is much discussion in the

Question: Topic: Marijuana There is much discussion in the press about several states moving to legalizing marijuana, either for only medical purposes, or more extremely, for recreational purposes. Looking only at the ec ...

Question the export-import bank helps boeing by providing

Question: The Export-Import Bank helps Boeing by providing various subsides on aircraft sold to foreign countries. Boeing says it needs this help to offset subsidies given to Airbus Industrie by European governments, and ...

Question the price of licenses for tractors owned by

Question: The price of licenses for tractors owned by farmers who grow X falls. The cost of a license is independent of how many days the tractor is used. Will profits on the typical farm increase by more than, less than ...

Question for linear demand and constant marginal cost

Question: For linear demand and constant marginal cost, explain in commonsense terms why the deadweight loss of monopoly is greater the flatter (more elastic) the demand curve. The response must be typed, single spaced, ...

Question housing bubblebecause of the hosing bubble many

Question: Housing Bubble "Because of the hosing bubble, many houses are now selling for much less than their selling price just two to three years ago. There is evidence that homeowners with virtually identical houses te ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As