How do I get to x^h and y^, it is a Hicksian demand
problem?
If the utility function is given by: U(x, y) = x^(α)y^(β) the Hicksian demand of good x is:
When solving for an optimal bundle using the Hicksian and Marshallian demand, should you get the same optimal bundle or will it be different?
Answers are
1. X* = A’ • Y
2. X* = A’ • Y
3. Y* = A + Y
4. Y* = A•X’ + Y
How do I get these?
If using K-maps, please show all 3 variables used
separately.
Given the following state transition diagram, determine: XY a) The next state equation for X if the state machine is designed for minimum cost 0) The next state equation for X if the state machine is designed for minimum...
Question [3]: Derive the Hicksian demand function for 1. (Cobb-Douglas) u(x) = 24 m-a; a € (0,1). 2. (Leontief) u(x) = min{aT1, X2}, a > 0. 3. (perfect substitute) (2) = ax1 +22; a > 0
I understand how the amplitude is 0.118 but I do not understand
how the angle is -0.78. When I do this problem, I get 1/(6+6j)
which in phasor according to my calculator gives, 0.118<-45
x(t) = cos(1) and transfer function H(s) =s2+6s+7 find steady state response ys(t) (13 #6 Given points) X(s) Y (s) H(s) Answer: HG2) = =-=-=-22-45° = 0.1182-0.7854 -1+j6 + 76+j6 12 12ー (t) = 0.11 8cos(t-0.7854)
I need help on how to figure out how to get the answer in this
problem. The answer is correct. I need step by step help on how to
get the answer. Please be clear and visible. thanks.
Find the area under the graph of the function over the interval given. y=x? 13.51 The area under the curve is 136 (Simplify your answer.)
(g) Explain how to get the demand curve for labor. (h) Explain how to determine output in an economy with a labor market. (i) Explain how to find the stationary state in a Solow model. (j) Explain how the economy behaves out of the stationary state in a Solow model.
Can I get some help with this problem? Can someone show how do this in C? Thank you for your help. Write a C object-oriented program that reads the coordinates of two points in the plane and shows the distance between them. In order to do that implement the class Point. Point{ float x; float y; Point(): void set (float x, float y): void getX( ): float (optional implementation) getY( ): float (optional...
I know the answers, but how do you get them?
Exhibit 8-1. The past demand data shown below can be regarded as having a horizontal pattern. The naive method Om-%) was applied to make the forecasts for February-May. Month January February March Demand 40 45 50
how do i solve this?
For f(x, y), find all values of x and y such that f (x, y) = 0 and f (x, y) = 0 simultaneously. f(x, y) = In(4x² + 2y2 + 8)