Consider the following consumer utility maximization problem: modifyingbelow max with x comma y left parenthesis 4 plus x right parenthesis left parenthesis 2 plus y right parenthesismaxx, y (4+x)(2+y) s. t. 5 x plus 18 y less than or equals 2315x + 18y ≤ 231 x greater than or equals 0 comma y greater than or equals 0x≥0, y≥0 a. identify the following elements of the consumer's problem (note: i am not asking you to "solve" this problem, but to tell me what each of the following are equal to in the consumer's problem above): u left parenthesis x comma y right parenthesis equalsu(x, y) =left parenthesis 4 plus x right parenthesis left parenthesis 2 plus 7 right parenthesis(4+x)(2+7) upper p subscript x baseline equalspx =11 upper p subscript y baseline equalspy =11 upper i equalsi =231231 b. the budget constraint holds with equality because which assumption is satisfied? a. completeness b. transitivity c. strong monotonicity (more is better) d. convexity (diminishing marginal rate of substitution)

Your team has identified the risks on the project and determined their risk score. the team is in the midst of determining what strategies to put in place should the risks occur. after some discussion, the team members have determined that the risk of losing their network administrator is a risk they'll just deal with if and when it occurs. although they think it's a possibility and the impact would be significant, they've decided to simply deal with it after the fact. which of the following is true regarding this question? a. this is a positive response strategy. b. this is a negative response strategy. c. this is a response strategy for either positive or negative risk known as contingency planning. d. this is a response strategy for either positive or negative risks known as passive acceptance.

Helen tells her nephew, bernard, that she will pay him $100 if he will stop smoking for six months. helen was hopeful that if bernard stopped smoking for six months, he would stop altogether. bernard stops smoking for six months but then resumes his smoking. helen will not pay him. she says that the type of promise she made cannot constitute a binding contract and that, furthermore, it was at least implied that he would stop smoking for good. can bernard legally collect $100 from helen

For example, the upper right cell shows that if expresso advertises and beantown doesn't advertise, expresso will make a profit of $15 million, and beantown will make a profit of $2 million. assume this is a simultaneous game and that expresso and beantown are both profit-maximizing firms. if expresso decides to advertise, it will earn a profit of $ million if beantown advertises and a profit of $ million if beantown does not advertise. if expresso decides not to advertise, it will earn a profit of $ million if beantown advertises and a profit of $ million if beantown does not advertise. if beantown advertises, expresso makes a higher profit if it chooses . if beantown doesn't advertise, expresso makes a higher profit if it chooses . suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing? expresso will choose to advertise and beantown will choose not to advertise. expresso will choose not to advertise and beantown will choose to advertise. both firms will choose to advertise. both firms will choose not to advertise.