Draw a graph in which the MRS is greater than the price ratio. What will happen...
Draw a graph in which the MRS is greater than the price ratio. What will happen to the consumption of x versus y
Homework Answers
Below is a graph where we draw the indifference curve IC and a budget line BC
Slope of the indifference curve is MRS (rate of substitution of X for Y) and slope of budget line is Px/Py. Here at A, MRS is greater than price ratio which can be seen from the steepness of indifference curve and relative flatness of budget line. Too much of Y and too little of X is consumed at this level.
As we move along the IC, from A to B, MRS falls but Px/Py remains same so at B MRS gets equal to Px/Py. This raises the consumption of X and reduces the consumption of Y
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Draw a graph in which the MRS is greater than the price ratio.
What will happen...
2. (3 pts.) Given the graph below: a. At point A is MRS equal to, greater...
2. (3 pts.) Given the graph below: a. At point A is MRS equal to, greater than, or less than the ratio of the prices (circle one b. Will they buy more of Y or more of X or maintain the combination of goods at A to c. What will the value of the MRS be when the consumer is maximizing their utility given option)? maximize their utility (circle one option)? the budget line shown in the graph? 10
Graph the payoff functions for the gap call option if the trigger price Kr is greater than the st...
How to do this question?
Graph the payoff functions for the gap call option if the trigger price Kr is greater than the strike price Kst and if Ker 〈 Kst-Draw two similar graphs for the gap put option. When is the gap put option "not really an option" and why do you say so?
Graph the payoff functions for the gap call option if the trigger price Kr is greater than the strike price Kst and if Ker 〈...
4. Draw both a position-versus-time graph and a velocity-versus-time graph for an object at rest at...
4. Draw both a position-versus-time graph and a velocity-versus-time graph for an object at rest at x=1m. 5. The figure shows the position-versus-time graphs for two objects, A and B, that are moving along the same axis. At the instant t1 s, is the speed of A greater than, less than, or equa to the speed of B? Explain. b. Do objects A and B ever have the same speed? If so, at what time or times? Explain. 6. Below...
Graph the payoff functions for the gap call option if the trigger price Ktr is greater than the s...
Graph the payoff functions for the gap call option if the trigger price Ktr is greater than the strike price Kst and if Ktr < Kst. Draw two similar graphs for the gap put option. When is the gap put option “not really an option” and why do you say so? Please help, thank you!
consider an (x,y) consumption bundle that lies on the budget constraint but lies to the right...
consider an (x,y) consumption bundle that lies on the budget constraint but lies to the right of an individuals optimal and interior (x,y) consumption bundle. At this point, a. MRS is equal to the price ratio b. MRS exceeds the price price ratio c. MRS is less than the price ratio d. None of the above because the price ratio is not given
A) Suppose U = min[X, 3Y] and I=12, Px=1 and Py=5. Find X* and Y*. B) Draw an indifference curve and a normal linear budget constraint such that there is a tangency point (where MRS= price ratio) that...
A) Suppose U = min[X, 3Y] and I=12, Px=1 and Py=5. Find X* and Y*. B) Draw an indifference curve and a normal linear budget constraint such that there is a tangency point (where MRS= price ratio) that is not the optimal bundle. C) Suppose U=X∙Y5. Find X* and Y*. D) Suppose U = 5∙X + 2∙Y and I=12, Px=2 and Py=1. Find X* and Y*.
23. Consider the above graph for goods x and y. Which of the following could possibiy...
23. Consider the above graph for goods x and y. Which of the following could possibiy describe the above graph? a. b. Income-Consumption graph for substitutes and complements Income-Consumption graph and Price-Consumption substitutes praph for c. Income-Consumption graph and Price-Consumption graplh o complements d. Price-Consumption graph for substitutes and complemens e. None of the above 24. Consider the following graph which illustrates a budget constraint and a utiliny cun The price of good x is 1.5 and the price of...
Atlas has $50 in their budget. Given the following graph, what is the MRS at his...
Atlas has $50 in their budget. Given the following graph, what is the MRS at his optimal consumption bundle? Burritos 10N Pizza -5
What would happen if the angle of incidence were made greater than the critical angle? Think...
What would happen if the angle of incidence were made greater than the critical angle? Think about the calculation of the angle of refraction if the angle of incidence were 40°. What happens mathematically when trying to use an angle of incidence greater than the critical angle in this scenario? n1=2.55 n2=1.33 Incidence angle = 34 degrees Refracted angle = 90 degrees
Sara has $40 in her budget. Given the following graph, what is the MRS of her...
Sara has $40 in her budget. Given the following graph, what is the MRS of her optimal consumption bundle? Burritos Pizza 4
2. (3 pts.) Given the graph below: a. At point A is MRS equal to, greater than, or less than the ratio of the prices (circle one b. Will they buy more of Y or more of X or maintain the combination of goods at A to c. What will the value of the MRS be when the consumer is maximizing their utility given option)? maximize their utility (circle one option)? the budget line shown in the graph? 10
How to do this question?
Graph the payoff functions for the gap call option if the trigger price Kr is greater than the strike price Kst and if Ker 〈 Kst-Draw two similar graphs for the gap put option. When is the gap put option "not really an option" and why do you say so?
Graph the payoff functions for the gap call option if the trigger price Kr is greater than the strike price Kst and if Ker 〈...
4. Draw both a position-versus-time graph and a velocity-versus-time graph for an object at rest at x=1m. 5. The figure shows the position-versus-time graphs for two objects, A and B, that are moving along the same axis. At the instant t1 s, is the speed of A greater than, less than, or equa to the speed of B? Explain. b. Do objects A and B ever have the same speed? If so, at what time or times? Explain. 6. Below...
23. Consider the above graph for goods x and y. Which of the following could possibiy describe the above graph? a. b. Income-Consumption graph for substitutes and complements Income-Consumption graph and Price-Consumption substitutes praph for c. Income-Consumption graph and Price-Consumption graplh o complements d. Price-Consumption graph for substitutes and complemens e. None of the above 24. Consider the following graph which illustrates a budget constraint and a utiliny cun The price of good x is 1.5 and the price of...
Atlas has $50 in their budget. Given the following graph, what is the MRS at his optimal consumption bundle? Burritos 10N Pizza -5
Sara has $40 in her budget. Given the following graph, what is the MRS of her optimal consumption bundle? Burritos Pizza 4
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