Each day Paul, who is in third grade, eats lunch at school. He likes only Twinkies...
1. Consumer choice problems: (a) Paul likes to eat lunch at school. He only likes Twinkies (t) and soda (s), and these provide him a utility of u(t, s) = √(ts). If Twinkies cost $0.10 each and soda costs $0.25 per cup, how should Paul spend the $1 his mother gives him every day? (b) George likes breakfast tacos and milk. His utility is given by u(t, m) = t + 5 ln(m). Suppose tacos and milk both cost $1...
Michael is a 17-year-old high school football player who has recently been doing “two a day” practices in preparation for the upcoming season. He is in good physical condition at 5 feet 10 inches and 165 pounds. He is attempting to gain weight, so he has increased his intake of protein foods and estimates he eats approximately 3500 kcalories a day. One particularly hot afternoon, Michael is sweating profusely and begins to feel weak and has a difficult time keeping...
Question 1: Louis the retired Canadian lives on a fixed budget and consumes only two goods: toques (T) and maple syrup (M). Suppose Louis monthly budget is 100 and the price of the two goods are (PT,PM) (4,2). (a) Make a properly labeled diagram illustrating Louis'budget constraint with T on the hori- zontal axis and M on the vertical axis. Indicate the area corresponding to the set of bundles (M, T) that Louis can afford. (b) What is the maximum...
5. Draw out examples of each of the following indifference curves: imperfect substitutes, perfect substitutes, and perfect complements. 6. Jody enjoys having exactly 1 teaspoon of sugar with every cup of coffee she has. What does this say about her indifference curves between the two goods? What happens to her utility level when she is given 5 teaspoons of sugar with one coffee? (Just an explanation) 7. Jay’s Utility function is given by U(x,z) = 3x10.2 x20.8 and P1=$2 and...
And there was a buy-sell arrangement which laid out the conditions under which either shareholder could buy out the other. Paul knew that this offer would strengthen his financial picture…but did he really want a partner?It was going to be a long night. read the case study above and answer this question what would you do if you were Paul with regards to financing, and why? ntroductloh Paul McTaggart sat at his desk. Behind him, the computer screen flickered with...
Can anyone help me with this nutrition homework? How many Calories did Bobby consume (note that digestible carbohydrate includes sugar grams)? A. 2030 B. 2550 C. 2887 D. 2982 E. 3525 Based upon Bobby's Calorie intake, Bobby's Dietary Reference Intake (DRI) for fiber is _____ grams. A. 25 B. 38 C. 40.4 D. 42 E. 54.5 Bobby consumed _____ percent of his Calories from sugar, and _____ the AMDR. 4.4, met 10,met 13,met 26, did not meet 32,didnotmeet Bobby consumed...
Please see the articles below… 1. What is your opinion on the subject? 2. Which ethical views (i.e., utilitarian view, moral rights view, justice view, practical view) you feel are being used by both sides of the argument (i.e., for and against downloading) to justify their positions? High Court Enters File-Sharing Spat; Justices Must Determine Software Providers' Liability For Copyright Violations by Anne Marie Squeo. Wall Street Journal. (Eastern edition). New York, N.Y.: Mar 30, 2005. pg. A.2 WASHINGTON -- The Supreme...