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- fonsumer's demand xy for two different and the consumer's in come is $72. different Consumer's demand xy for chosen to maximize two the శ్రిందికి goods are x² lefility function The per respectively unit of , and the Consumer's in come is $7 x and y are $3and $4. 22,2 © telrite out the fagrangean for the Constrained maximization problem © Find the utility maximizing demands for both goods and he Larange multiplier, 2 o What is the change in consumer's ufility if income Changes from $72 to $75pleassssee help me thank youConsumers maximízestheirutiliy when Ybren a. The marginal utility of each good is equal 6. The marginal utility per rial spent on each good is equal to zero across ll commodities c. The ratio of the prices facing any one consumer is equal to that facing any other consumer (d.) None of the above, PE = -0-8
- After a destructive hurricane in Southeast Texas, gasoline prices around the country increased dramatically. Demand did not decrease much primarily because O there is a long time period under consideration O there are very few substitutes for the product. O there is a small amount of this product. O the cost of the product is a rclatively small percentage of onc's incomeConsider the market for a single network good and suppose thatconsumers differ in their valuation of both the stand-alone and thenetwork benefits (it can indeed be argued that it is more plausiblethat a user who has a higher value for the stand-alone component of atechnology also assigns more importance to the size of its network.) Tocapture this idea, write the consumer’s utility function for joining thenetwork as U(θ) = θ(a + νne), where a is the stand-alone benefit, ν > 0measures the network effect, neis the expected number of users joiningthe network, and is uniformly distributed on the unit interval.a. What happens if p > a + νne? (Hint: Identify all consumer who buythe good for at price p and a given expected network size ne).b. What is the consumer’s willingness to pay for the nth unit of thegood when ne units are expected to be sold? Is the demand downwardsloping? Does the demand increase with the expected network size?c. Express the fulfilled-expectations demand curve…Explain. I don't need chat gpt answee
- ASAP DECİSİON RULE FOR UTİLİTY MAXİMİZATİON As I understand we choose the good which has higher marginal utility per dollar . BUT MY QUESTİON İs that What if our budget is not end up and the marginal utility per dollar is same for both good What should we do at that point? PLEASE ANSWER MY QUESTİON DONT GİVE CLLASİC DEFİNİTİONExplain, Why is the marginal utility curve declining with incresed consumpition of burgers?DmISIIng Margifal Otmty n. TOTAL AND MARGINAL UTILITY Reset E UTILITY CALCULATIONS Total Utility Quantity Consumed Total Marginal Utility 70 Utility 60 50 22 40 1 22 30 18 20 40 10 14 2 3 4 54 Quantity Consumed 10 Marginal Utility 4 64 20 6. 10 70 3. 6. -10 6. 72 -20 -2 7 70 Quantity Consumed Quantity Consumed -6 8. 64 8 Prev 1 of 3 Score answer > ...
- goods, XandY per of good X is N$4 and the price of good Vis No10 Harrys unlity funchon is UCX,)==XY. Harry consumes 2 and he spend's Npbo month The price Find The values of gocal X and Y maximizes Harcys unly illustruate Hary's utlty maximizing.combinason clearly labelled on a graph. Suppose llustrate Harrys price & spod X increased to Ngb effects income and substitution ef the anel laballed graph.:35:56 Sun&Sand sport focuses on customers who are active sports players and thus need to buy sports clothing and shoes. Which segmentation strategy is the most beneficial for Sun&Sand Sports? 6 t of estion Select one: a. Geographic segmentation O b.Psychographic segmentation C. Demographic segmentation O d.Behavioral segmentation DUs pagePls answer fully with this question, and get tips with leaving ur e-mail on the paper
