Module2_Ch3_The Behavior of Consumers_Problem Set.pdf
Please help answer Question #3
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Jeff’s income is $15 and he only consume doughnuts and coffee. The price of doughnuts is $.50 and the price of coffee is $1.50. Jeff consumes 15 doughnuts and 5 coffees per week. At this basket, the slope of his indifference curve is -5
Module2_Ch3_The Behavior of Consumers_Problem Set.pdfPlease Answer Question #2 parts a through d
Module2_Ch3_The Behavior of Consumers_Problem Set.pdfa)Sketch the following budget lines. Be sure to show how you calculated the slopes andend points. (Put gason the X axis.))Sketch the following budget lines. Be sure to show how you calculated the slopes andend points. (Put gason the X axis.)
Question 1 15 pts Price (dollars per unit) 1 2 3 4 5 Quantity (units per month) (a) In the graph about determine the equilibrium price and quantity? Please explain the reasoning for your answer. (b) If at every price the Quantity Supplied is two units more than the supply shown above, state the Quantity Supplied we would have now at the equilibrium price stated in (a) above.
Financial Mathematics
Please answer question 4 and question 5
o)23:30 Oe Image Edit View Go Help En Question 4 The total cost of producing x units of a commodity per week is C(x) 200 +4x +0,1x2 (a) Find the marginal cost when the production level is 100 units. (b) Use the marginal cost to approximate the cost of producing the 101 st unit. (c) Find the exact cost of producing the 101 st unit. (d) Assuming that the commodity is...
Questions are below. Only answer problems #5 - #9.
I have already answered problems #1-4, my data is below.
Problems #5-#9 are listed in order below.
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Quivers Inc. began operations on January 1 of the current year. The company produces eight-ounce bottles of jet wax called Ophelia Shine. The wax is sold wholesale in 12-bottle cases for $100 per case. There is a selling...