Homework Answers
Answer : The answer is option C.
A consumer maximize his or her utility when his or her indifference curve and budget line are tangent with each other. Here at point C the budget line and indifference curve are tangent with each other. So, at point C the consumer maximize utility. Therefore, option C is correct.
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Refer to the figure at right. Given the indifference map and budget constraint represented at right,...
In the figure at right, if the budget line is the line DE, the consumer will...
In the figure at right, if the budget line is the line DE, the
consumer will maximize utility at point
A.
B.
B.
G.
C.
C.
D.
A.
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In the figure at right, if the budget line is the line DE, the consumer will maximize utility at point O A. B. O B. G. OC. C. OD. A. Quantity of Bagels Quantity of...
Please explain. Q7: The following figure shows the indifference curves and budget constraint of a consumer....
Please explain.
Q7: The following figure shows the indifference curves and budget constraint of a consumer. De- termine the commodity bundle that will maximize the consumer's satisfaction given his budget. Why is the bundle the optimal choice? Good 1 Budget Constraint 0 1 2 3 4 5 6 7 8 9 10 Good 2
In the following budget constraint- indifference curve graph, Nikki has $150 to spend on blouses and...
In the following budget constraint- indifference curve graph, Nikki has $150 to spend on blouses and skirts a. What is the price of a blouse? What is the price of a skirt? b. Is Nikki making the optimum choice if she buys 4 blouses and 2 skirts? Blouses O A. Yes, this point is on the budget constraint OB. No, the indifference curve going through this point is not tangent to Nikki's budget constraint OC. No, the other point of...
budget constraint
When the indifference curve is tangent to the budget constraint,a.indifference curves are likely to intersect.b.a consumer cannot be made better off without an increase in her income or a price decrease in one of the goods she consumes.c.the consumer is likely to be at a sub-optimal level of consumption.d.income is at its optimum for a consumer.
The following graph shows three indifference curves and budget constraints for a consumer. The consumer is...
The following graph shows three indifference curves and budget constraints for a consumer. The consumer is initially consuming at point A, on the indifference curve Ui and is constrained by the budget constraint BC1 (indicated by the blue line) Bc3 10 Ul BC BC 10 Suppose the government provides this consumer a subsidy on good x, which effectively lowers the price of x. This is represented by a of BC1 out away from the origin. The result is this consumer...
QUESTION 11 Scenario 1: Tom's budget constraint is given by PxX +PyY = 40, and Px=...
QUESTION 11 Scenario 1: Tom's budget constraint is given by PxX +PyY = 40, and Px= $5, Py = $4. Suppose Tom's utility function is given by the equation U= 2XY, where is the level of utility measured in utils and X and Y refert good X and good Y, respectively. You are also told that the marginal utility of good X can be expressed as MUX = 2Y; and the marginal utility of good Y can be expressed as...
WID Name: 6) Refer to the diagram on the right. Which of the following statements is...
WID Name: 6) Refer to the diagram on the right. Which of the following statements is correct? A) This individual receives no satisfaction from Good A. B) This individual receives no satisfaction from Good B.2 C) This individual will only consume A and B in fixed proportions. D) none of the above Good B Increasing → utility Good A 7) Fisher's utility function for trout (T) and salmon (S) is given by U-ST, where the Mur-S and MUs = T....
Question 13 1 pts The following graphs shows eight different budget constraints (from A to H)...
Question 13 1 pts The following graphs shows eight different budget constraints (from A to H) for a consumer who consumes Fish and/or Chips. Which of the following illustrates how the budget constraint will change if the price of Fish were to decrease? Fish Fish D B c A 0 Chips Chips Fish Fish G H F 0 Chips Chips Cto D D to C Fto E E to F Question 20 1 pts Refer to the graph below where...
Question 16 1 pts A typical indifference curve is negatively sloped because: as we consume more...
Question 16 1 pts A typical indifference curve is negatively sloped because: as we consume more of one good, we are willing to give up the consumption of another good without changing our utility higher indifference curves represent higher levels of utility higher indifference curves represent lower levels of utility we assume that a consumer's income is constant Question 17 1 pts A typical indifference curve: O is convex to the origin (bowed in) has a constant slope is concave...
Given the budget constraint in the diagram, which of the following statements is false? O Consumption...
Given the budget constraint in the diagram, which of the following statements is false? O Consumption bundles b and c yield the same level of utility, which is higher than the utility represented by bundle a. The consumer's optimal bundle could be bundle d, e, or f. Although the consumer receives the same level of utility from bundles d and e, she cannot afford to purchase bundled The consumer receives the same level of utility from consumption bundles d, e,...
In the figure at right, if the budget line is the line DE, the
consumer will maximize utility at point
A.
B.
B.
G.
C.
C.
D.
A.
IF YOU ARE INTERESTED IN HELPING WITH MORE QUESTIONS WHATS APP
ME @ 13477215500 Will Pay $
In the figure at right, if the budget line is the line DE, the consumer will maximize utility at point O A. B. O B. G. OC. C. OD. A. Quantity of Bagels Quantity of...
Please explain.
Q7: The following figure shows the indifference curves and budget constraint of a consumer. De- termine the commodity bundle that will maximize the consumer's satisfaction given his budget. Why is the bundle the optimal choice? Good 1 Budget Constraint 0 1 2 3 4 5 6 7 8 9 10 Good 2
In the following budget constraint- indifference curve graph, Nikki has $150 to spend on blouses and skirts a. What is the price of a blouse? What is the price of a skirt? b. Is Nikki making the optimum choice if she buys 4 blouses and 2 skirts? Blouses O A. Yes, this point is on the budget constraint OB. No, the indifference curve going through this point is not tangent to Nikki's budget constraint OC. No, the other point of...
The following graph shows three indifference curves and budget constraints for a consumer. The consumer is initially consuming at point A, on the indifference curve Ui and is constrained by the budget constraint BC1 (indicated by the blue line) Bc3 10 Ul BC BC 10 Suppose the government provides this consumer a subsidy on good x, which effectively lowers the price of x. This is represented by a of BC1 out away from the origin. The result is this consumer...
QUESTION 11 Scenario 1: Tom's budget constraint is given by PxX +PyY = 40, and Px= $5, Py = $4. Suppose Tom's utility function is given by the equation U= 2XY, where is the level of utility measured in utils and X and Y refert good X and good Y, respectively. You are also told that the marginal utility of good X can be expressed as MUX = 2Y; and the marginal utility of good Y can be expressed as...
WID Name: 6) Refer to the diagram on the right. Which of the following statements is correct? A) This individual receives no satisfaction from Good A. B) This individual receives no satisfaction from Good B.2 C) This individual will only consume A and B in fixed proportions. D) none of the above Good B Increasing → utility Good A 7) Fisher's utility function for trout (T) and salmon (S) is given by U-ST, where the Mur-S and MUs = T....
Question 13 1 pts The following graphs shows eight different budget constraints (from A to H) for a consumer who consumes Fish and/or Chips. Which of the following illustrates how the budget constraint will change if the price of Fish were to decrease? Fish Fish D B c A 0 Chips Chips Fish Fish G H F 0 Chips Chips Cto D D to C Fto E E to F Question 20 1 pts Refer to the graph below where...
Question 16 1 pts A typical indifference curve is negatively sloped because: as we consume more of one good, we are willing to give up the consumption of another good without changing our utility higher indifference curves represent higher levels of utility higher indifference curves represent lower levels of utility we assume that a consumer's income is constant Question 17 1 pts A typical indifference curve: O is convex to the origin (bowed in) has a constant slope is concave...
Given the budget constraint in the diagram, which of the following statements is false? O Consumption bundles b and c yield the same level of utility, which is higher than the utility represented by bundle a. The consumer's optimal bundle could be bundle d, e, or f. Although the consumer receives the same level of utility from bundles d and e, she cannot afford to purchase bundled The consumer receives the same level of utility from consumption bundles d, e,...
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Amplitude=3;
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n=0:399;
t=0:1/fs: n*1/fs-1/fs;
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xlabel('Frequency(Hz)’)
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