Maximize the function f(x)= x^2/5 (10-2x)^1/3 a. Give maximization problem. b. Give first order conditions for the maximization problem. c. Find the solution to this maximization problem.
Q: BigPharma is one of the leading industry providing medicines in all over the world. This industry…
A: Answer -
Q: Project A costs $35,000 initially, has a 4-year life and incurs $4,000 in annual year-end costs.…
A: The equivalent annualcost (EAC) is the yearly expense of purchasing, working, and keeping a resource…
Q: Japan and Global Average Economy 1.00 0.80 0.60 0.40 0.20 Politics -0.00 Health Japan Global Average…
A: Answer -
Q: Monetary base or high powered money refers to A. currency and checkable deposits issued by the…
A: Central Bank refers to the primary or apex institution in the banking structure of the economy. It…
Q: It is proposed to place a cable on an existing pole line along the shore of a lake to connect two…
A: Since the question you have posted consists of multiple parts, we will answer the first question for…
Q: Consider the market for Dragonfire hot sauce sold in the US. The act of processing the chili peppers…
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…
Q: A bulldozer was bought for ₱ 0.50M and have an estimated useful life of 10 years after which it will…
A: A capitalized cost is an price delivered to the value foundation of a set asset on a company's…
Q: Machine X has an initial cost of P 45,000, annual maintenance of P 2,250 per year, an no salvage…
A: Given Initial cost of machine Y (FC) = 90,000 In the first year, zero maintenance cost In the…
Q: onsider a free market with demand equal to Q = 800 − 10P and supply equal to Q = 10P. What is the…
A: demand is given as:- Q = 800 − 10P supply is given as:- Q = 10P.
Q: 10.Consider a price-taking firm that has total fixed cost of $50 and faces a market- determined…
A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question…
Q: A monopolist always produces a quantity at which the demand curve is elastic. Explain with a diagram…
A: Concept By increasing prices and lowering output, the company may make more money. It will raise its…
Q: United States U.S. DEPARTMENT OF COMMERCE Census 2000 BUREAU OF THE CENSUS WASHINGTON, DC 24213-2000…
A: A census is a method of gathering, collecting, and recording data on members of a population in a…
Q: 5. How do monopolistically competitive markets differ from competitive markets? If monopolistically…
A: Monopolistic rivalry portrays an industry wherein many firms offer items or administrations that…
Q: A computerized wood lathe, costing P25,000, will be used to make ornamental parts for sale. Receipts…
A: Given initial cost = 25000 P Reciepts each year = 60000 P Costs = 55000 P Salvage value = 9000 Time…
Q: Consider the following Purchasing Power Parity (PPP) conversion rate for selected countrie in 2021.…
A: According to PPP conversion table, One USD is equal to 4738.64 Indonesia currency i.e., 1 USD =…
Q: aken an industrial design course at Dubai Men's College to help prepare for this venture. The course…
A: Fixed cost = Rent + utilities + product equipment cost + advertising and promotion cost…
Q: Describe three means by which a current account deficit in a developing country is financed. (By…
A: Concept Current account deficit is measuring a country's commerce in which Its imports outnumber its…
Q: 38 W 20 X 64 0 72 QUANTITY (Units) For each of the regions, use the midpoint method to identify…
A: Elasticity means responsiveness in demand or supply when the price of commodity changes. It can be…
Q: The central bank has most control over a. Monetary base b. M1 c. M2
A: Meaning of Financial Assets: The term financial assets refer to the situation, under which these…
Q: Competition results in the efficient output mix because Select one: a. producers set MRT equal to…
A: The (MRT) is the quantity of units or measure of a decent that should be done without to make or…
Q: Find the annual payment to extinguish a debt of P10,000 payable for 6 years at 12% interest annually…
A: Given information, Present value (P): P10,000 Interest rate (i): 12% Time period (N): 6 To find:…
Q: In a company, who gets to determine when and how data should be used?
A: Data refers to individual facts, figures, or bits of information that are often quantitative. A…
Q: Assume the economy starts at full-employment. There is a global pandemic. Which of the following…
A: A pandemic, or an epidemic of illnesses, would cause the economy to decline, eventually leading to a…
Q: X(t) is a wide sense stationary stochastic process with autocorrelation function sin(271000T) R(T)…
A: (a). Y(t) has autocorrelation function: Rr(t,T) = E[Y(t) Y(t+T)] =E[X(T-T0)*(t+T-T0)] =R*(T)
Q: project capitalized for ₱42,000 invested in depreciable assets will earn a uniform, annual income of…
A: Capitalized Cost 42000 Annual Income 20333 Annual Cost 9000 Tax and insurance 4% i.e.…
Q: The PPF illustrates the principles of constrained choice, opportunity cost, and scarcity. Consider a…
A: The curve that depicts various combinations of goods that could be produced using the given…
Q: The utility function of a certain good is given by U(x) = 60x - x2 where x represents the number of…
A: Given the utility function, we will maximize the function to get the value of x which gives the…
Q: Mr. Lee wishes to establish a perpetual trust to provide for the maintenance of a small local…
A: Given annual maintenance cost = 18000 P per year Interest rate = 6 %
Q: t capitalized for ₱44,000 invested in depreciable assets will earn a uniform, annual income of…
A: Capitalized Cost 44000 Annual Income 22456 Annual Cost 8000 Tax and insurance 3% 1320…
Q: The Central Bank requires banks to maintain a 10% legal minimum reserve requirement of their…
A: "Central Bank of a nation controls the supply of money of that nation and help in stabilizing the…
Q: Required: a) calculate how many units of good A will be imported by the country? b) Calculate the…
A: Answer - "Thank you for submitting the questions.But, we are authorized to solve only 3 sub parts…
Q: Calculate the demand for goods for Mad Hatter Assume Mad Hatter has utility U = q1M * (q2M)^2. He…
A: The demand curve shows the inverse relationship between price and quantity demanded. The demand…
Q: Analyze the decision tree below to answer the following question: Don't Enter $1 billion, $2 billion…
A: To solve extensive form games we use backward induction always. So here we have two games and we…
Q: TRUE/FALSE Questions 1. The cost of ensuring that the production process conforms to specifications…
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…
Q: Homework (Ch 07) 10 9 8 PRICE (Dollars per pole per year) .0 0 7 8 9 10 QUANTITY (Thousands of…
A: Price elasticity of demand refers to the how much percentage change in quantity demanded will be…
Q: ✓ Among below two cases, in what case is IRR higher? Year 1 2 3 4 A Cash -1000 200 500 300 Year 1 2…
A: The internal rate of return refers to the metric used in financial analysis to estimate the…
Q: Determine which of the following yields the highest effective interest? 12% compounded monthly O…
A: Effective interest rate is the annual rate at which an investment is compounded.
Q: at +4 Ct myt-1 24 act-1 P, c is consumption, i is investment, m and a are multipl wn a difference…
A: DISCLAIMER “Since you have asked multiple question, we will solve the first 3 question for you. If…
Q: Justify the importance of trade blocs for regional economic growth.
A: Economic growth is the process of raising the value of the economy's ultimate goods and services.…
Q: Suppose w = 5 and the government gives Anne a subsidy of $150. She receives this money…
A: Here, In any given week, Anne receives satisfaction only from the consumption of goods and from the…
Q: Larson Manufacturing is considering purchasing a new injection-molding machine for $370,000 to…
A: Cost = 370,000 installation cost = 15,000 Revenue = 83,000 Salvage Value = 60,000 r = 12%
Q: What would the indifference curve for a utility function of u(c,l)=log(c)-l look like if MRS =…
A: Indifference curve is tue two goods possible combination which give same satisfaction level to the…
Q: Supply and Demand Graph $6.00 Price (per slice) 1 $5.00 $4.00 $3.00 $2.00 $1.00 Demand 100 0 50 150…
A: goods and services prices is determined by the market forces which includes demand and supply .…
Q: A restaurant selling hamburgers has fixed costs of $11,975 and sells the burgers for $6.50 each. The…
A: The point that depicts revenues of the firm being earned are equal to their expenses being incurred…
Q: 2. Consider a monopolist who has a cost function of c(Q) = 5Q. This monopolist faces two consumers,…
A: profit maximization is the short run or long run process by which a firm may determine the price,…
Q: 5. An economy is initially in equilibrium, both in the short-run and in the long-run. Using the AD,…
A:
Q: Differentiate between the environmental forces that affect international marketing efforts.
A: Environmental forces refers to the contextual events which impacts foreign trade. It refers to the…
Q: Consider the simple economy that produces only three products. Use the information in the following…
A: The Consumer Price Index (CPI) is a measure of an economy's overall price level. The CPI is made up…
Q: Subject: Manegerial economics & policy Consider the following payoff matrix in which firms choose…
A: In a specific game, firms make their decision based on available information and try to maximize the…
Q: What happens if the government sets a minimum wage in a monopsony labor market? The marginal factor…
A: A monopsony refers to a market where there is only one buyer. The market is called an oligopsony…
Step by step
Solved in 2 steps
- For what value(s) of x is the function f(x) NOT continuous? A x = 0 and x = 3 C. x = -3 only Select one: = 4 2x² — 6x B. x = 3 only D. x = 3 and x = 4For the following utility function find the MRS at (x, y) = (2, 3) a) U(x, y) =2x +y b) U(x, y) =x^3 y^2 c) U(x, y) =min(x, 2y) Solve subparts (c )correctlyIs the function v(x1,x2)=x21x32 a monotonic transformation of u(x1,x2) ? Select one: a. No b. Yes
- Let say you have 3 products: cake, candy, and bread. The revenue per cake is $8. The revenue per candy is $4. The revenue per bread is $5. Define the number of cake, candy, and bread you are about to produce per day as x, y, and z respectively. The manager wants that the number of candy is at least equal to the total number of cake and bread. What is the correct linear constraint to show this? Group of answer choices z – x – y ≥ 0 x – 2y – z ≥ 0 y – x – z ≥ 0 x – y – z ≥ 0A company finds that there is a linear relationship between the amount of money that it spends on advertising and the number of units it sells. If it spends no money on advertising it sells 250 units. For each additional $2500 spent, an additional 25 units are sold. 1. If x is the amount of money that the company spends on advertising, find a formula for y, the number of units sold as a function of x. y= 2. How many units does the firm sell if it spends $25,000 on advertising? = ____ units 3. How many units does the firm sell if it spends $50,000 on advertising? = ____ units 4. How much advertising money must be spent to sell 700 units? = _____$ 5. Which of the following statements CORRECTLY explains the meaning of the slope? (select all as there may be more than one correct statment) A. If the company spends an additional $1000 on advertising, it will increases the number of units it sells by 10 . B. If the company increases the amount of money it spends on advertising by $250, it…Consider a utility function given by:
- Ice cream and cakes are perfect substitutes for a child, and 2 units of ice cream is always worth 3 units of cakes (however many ice creams or cakes she might have, she would be willing to give up 2 ice creams to get 3 more cakes to keep the same utility level) . (a) Write down a utility function u(x,y) that represents the child's preferences, where x is the number of ice creams and y is the number of cakes she has. (b) If the prices are px= 8 and py =5, and she has $140 to spend on the two goods this summer, what is her optimal bundle? (c) If the price of ice creams decreases slightly, down to px = 7, what happens to her optimal bundle in this case? Did it change "slightly" compared to (b)?A utility function is given by the equation U = 20xe¬0.1x, where x is the number of glasses of wine consumed. (a) Show that this utility function has a maximum value and calculate the maximum utility. (b) Describe how marginal utility changes for glasses of wine consumed after the maximum utility is reached. Do you consider this reasonable? Give an explanation.Utility is a type of function that occurs in economics. When a consumer receives x units of a certain product, a certain amount of pleasure, or utility U, is derived. The graph represents a typical utility function. a) Find the average rate of change of U as x changes from 0 to 1; from 1 to 2; from 2 to 3; from 3 to 4. b) Why do the average rates of change decrease as x increases? a) The average rate of change of U as x changes from 0 to 1 is. (Type an integer or a decimal.) C Utility (pleasure units) AU 200- 150- 100- 50- 0 (1,67) (2,106) I (3,134) (4,156) 2 Number of units of product 4 X
- Consider a consumer with the utility function U (x1, x2 ) = 10x12/3x21/3 −50. Suppose the prices of x1 and x2 are 10 and 2 respectively and the consumer has an income of 150. (a) Write out the consumer’s constrained optimization problem. Specifically, write out the objective function and constraint for the problem (e.g. max _?_ subject to _?__). (b) Write the Lagrangian equation corresponding to the constrained optimization problem. Derive the Necessary First Order Conditions. (c) Use the NFOCs to solve for the consumer’s optimal bundle. (d) Show that at the solution you found in (c), the tangency condition is satisfied: MRS = p1 / p2. (e) How did the ‘50’ in the utility function influence the optimal con- sumption bundle? How did the ‘10’ in the utility function influence the optimal consumption bundle? (i.e., how would the optimal bun- dle change if these coefficients were to change?). How would the optimal bundle change if the utility function was x12x2? Lastly, how would…Let say you have 3 products: cake, candy, and bread. The revenue per cake is $8. The revenue per candy is $4. The revenue per bread is $5. Define the number of cake, candy, and bread you are about to produce per day as x, y, and z respectively. The manager wants that the number of cake accounts for at least 30% of the total production per day. What is the correct linear constraint to show this? Group of answer choices 0.3x – 0.7y – 0.7z ≥ 0 0.7x – 0.3y – 0.3z ≥ 0 0.7x – 0.3y – 0.7z ≥ 0 0.3x – 0.7y – 0.3z ≥ 07. Solve the following maximization problem: u(x1, X2 ) = In(x, ) + x, X1, X2 max 8. s.t. 2 x, + x,=10