For lunch, Maria eats only salads or vegetarian burgers. Her weekly food budget is $36. Each salad costs $6 and each vegetarian burger costs $3. When deciding how much of each good to buy, Maria knows that 2 salads and 4 vegetarian burgers will give her a utility of 8. Maria’s utility-maximizing point is: a. 3 salads, 6 vegetarian burgers b. 4 salads, 6 vegetarian burgers c. 2 salads, 8 vegetarian burgers d. 6 salads, 1 vegetarian burger

Q: Imagine a consumer - worker who has a total time endowment of 100 hours per week. He/She can use…

A: The worker divides his times between the leisure and work. The wage rate encourages more supply…

Q: The rate at which a consumer is able to substitute one good for another is determined by the…

A: Consumers are defined as everyone who pays for a product and makes a purchase of it. Consumers are…

Q: (A) Suppose an individual who derives utility u(x, y) from consuming a units of the good X and y…

A:

Q: ion 10 et ered ed out of ag question estion 11 Swer saved rked out of 0 Flag question Carefully…

A: There will be shifts in both demand and supply depending upon the events. Those shifts will…

Q: 2. Initially, PH = 40 CH, PF = 60 CF and E= 2 CH/CF. Then, they changed to PH = 30 CH, PF = 20 cF…

A: Here we are given the price in the 2 countries and a nominal exchange rate. And based on that we…

Q: Nissan is advertising a 24-month lease on the all-electric Leaf for $190 payable at the beginning of…

A: The second is to be chosen because it has a lower present cost Offer 1   Present value (cost) = 3500…

Q: In Italy, firms pay tax on reported profits at a constant proportionate rate t€ (0, 1). If the…

A: Let,  Audited Probability = P Non-audited probability = (1-P) Tax reported without an audit = tr…

Q: The populations of Abu Dhabi (National, Non-National, and Total) and UAE are shown in the following…

A: Annual growth rate is the percentage increase in the population in the current year over the…

Q: An engineering technology group just purchased new CAD software for $5000 now and annual payments of…

A: Present worth: The present worth (PW) of cash flow is the current worth of a cash flow occurring in…

Q: What are the advantages and disadvantages of special interest groups within the democratic system of…

A: The various measures taken by the government to control and regulate the private sector in order to…

Q: Suppose that the supply and demand schedules for a product are as follows: Price Quantity demanded…

A: Price  Quantity Demanded Quantity Supplied  $1 1200 0  $5 1000 100  $10 800 200  $15 600 300…

Q: Question 4 A country's gross domestic product for a given time period is the total market value of…

A: GDP or Gross Domestic Product is the sum total of the market value of the final goods and services…

Q: A company borrows Php 200,000 for six years at 8%. At the end of six years, the company renew the…

A: Introduction  An amount of money that is paid at one time : a single sum of money, The bonus is paid…

Q: Answer this question based on the information in the table: If hiring the 6th worker increases total…

A: The profit-maximizing firm produces output such that its marginal revenue is equal to marginal cost.…

Q: Price of Gardening ($) L M O P S U Q N MPB MC MSB Quantity of Gardening a) Using the letters on the…

A: The given scenario is of positive externality. Positive externality refers to positive spillover…

Q: How many missing jobs (a FRED question): Suppose the U.S.unemployment rate int the most recent month…

A: A person is usually considered to be unemployed if they are making an effort to obtain job but have…

Q: fer to the information provided in Figure 1 below. Technological progress will cause a   Group of…

A: We have given three production possibility frontier: ppf1, ppf2, and ppf3. The ppf1 lies below the…

Q: Carefully explain what is happening in the market for a regular cup of coffee. Indicate the impact…

A: Complement goods are used jointly to satisfy a demand. The price of one good is inversely related to…

Q: Purchase price = 500,000, installation fee = 10,000, tax = 10% of purchase price and installation…

A: What is Depreciation? Depreciation is the assessment of the decline in the value of an asset due to…

Q: A decision-maker with initial wealth w faces a probability of incurring a loss. If the loss occurs,…

A: The propensity to avoid risk is defined as Risk Aversion. An investor who favors capital…

Q: A friend tells you the following: “Free trade sounds good, but a country like Honduras doesn’t have…

A: Introduction A free trade area (FTA) is where there are no import tariffs or quotas on products from…

Q: 1. When firms in a perfectly competitive industry are suffering losse a. what happens to the…

A: Perfectly competitive market refers to the market where large number of seller and buyer in the…

Q: A retrofitted heating system is being considered for a small office building. The system can be…

A: Finding the present value of all future cash projected within a given period, assuming a particular…

Q: Suppose that country A produces two goods (a labor-intensive good X, furniture, and a…

A: Labor intensive implies a procedure or industry that needs a large amount of labor to produce its…

Q: Consider a hypothetical economy with the following properties: Cobb-Douglas Production Function: Y =…

A: Given  Cobb-Douglas production function: Y=5K0.65L0.35                     ......(1) Saving rate…

Q: nswer the question, using the 3 step approach? 9. Forecast the effects of changing market…

A: A general deceleration in economic activity that persists over a considerable amount of time is…

Q: Given Table 12-6 below, fill in the values for saving. Assume taxes = $800. Table 12-6 National…

A: Saving is the difference between the disposable income and consumption.   Disposable income =…

Q: A consumer of two goods has utility u(x₁, x2) = 12. She can purchase each good i = 1,2 at a price of…

A: Utility function : U = x1x2  Budget Constraint : P1x1 + P2x2 = w Optimization problem is to maximize…

Q: Explain two reasons why the Reserve Bank does not have complete control over the level of bank…

A: Monetary policy is a set of actions designed to control a country's total money supply and promote…

Q: What is the equilibrum price and Quantity on the following:   a) Demand   p = 100-5q,  Supply p =…

A: Demand curve refers to the curve which shows various quantities of a good being demanded at…

Q: (g) Show that, if M falls to $1034, with Px = 8 and Py = 5, then this has the same utility as the…

A: From part d: The optimal demand equation for good X is X=2M3Px       .....(1) The optimal demand…

Q: Subject: engineering economics A 1,500-bond which will mature in 10 years and with a bond rate of…

A: In this case, bond is discussed here. Bond means a legal paper which is authorized by the public…

Q: The populations of Abu Dhabi (National, Non-National, and Total) and UAE are shown in the following…

A:

Q: Suppose that at the end of December 2009, Federal Reserve notes were $600 billion, the quantity of…

A: The monetary base includes the entire amount of a currency that is either in the form of commercial…

Q: If hiring the 7th worker increases total product by 5 units, and the price of each unit is $2, which…

A: Marginal Cost Vs. Marginal Revenue: Or, MC Vs. MR MC is the extra cost of the firm when it hires…

Q: advantages of globalization

A: The globalization process is how ideas, information, goods, and services are spread around the…

Q: An integrated, combined cycle power plant produces 285 MW of electricity by gasifying coal. The…

A: Production of electricity = 285 MW Capital Investment = 530 million Operating Capacity = 76% Profit…

Q: An increase in capital stock Group of answer choices provides valuable services directly. causes…

A: An increment in the total capital stock representing on a company's balance sheet is usually bad…

Q: ate a table and graphs (a) Suppose we have preferer indifference curve through the bundle X = 30 and…

A: Utility function : U = 10 x2/3 y1/3 Budget Constraint : Px*x + Py*y = M Optimal consumption is…

Q: If the interest rate is 10%, the present value of $100 to be paid next year is

A: Present value is the value of a sum of money of some future period. The formula for the same is:…

Q: (d) Suppose the probability of a fire rose to 5%. Would the agent buy insurance now? Show your work…

A: Here we are given the situation where payoff are uncertain and we are also given the respective…

Q: Consider the average annual growth rate 3.51% of 2000-2005, forecast the nationals population in Abu…

A: Year Abu Dabi       Nationals Non-nationals Total 1980 90792 361056 451848 1985 135982 430054…

Q: 8. Suppose a firm has following total cost function: TC=900+4Q+Q². Find the fixed cost (FC), total…

A: The total cost involve in the process of production is the sum of the total fixed cost and total…

Q: Question 3 A certain household comprises of a couple, Adam (A) and Betty (B). They have exicographic…

A: A choice is considered to be optimal if it results in a known or predicted outcome that is at least…

Q: Armando consumes two goods: grapes and wine. He can purchase both at the market and also possesses a…

A: The Alfred Marshall-named Marshallian demand function defines how much a consumer needs of a certain…

Q: Consider a consumer with preferences for two goods, food (F) and clothing (C).  His preferences take…

A: Since you have posted multiple subparts, as per the guidelines we can solve only first 3 subparts of…

Q: How the General Systems Theory works in research & development and marketing?

A: idea of general structures is an interdisciplinary ideational framework concentrating at the…

Q: Suppose that good 1 is normal and good 2 is inferior. Prove that the total effect on demand for good…

A: Inferior Goods are defined as those goods that have a negative relation with income. When income…

Q: Suppose that good 1 is normal and good 2 is inferior. Prove that the total effect on demand for good…

A: The goods that have a negative relationship with income are considered inferior. Consumption of…

Q: Explain why does production measure of GDP give the same results as the income method of

A: The GDP refers to the production of goods and services during an accounting year. There three…