1. given the new utility function: u′=ln(u)=ln(2xayb)=ln(2)+a×ln(x)+b× ln(y).what is mrsx, y of this new utility function? 2. will the mrs be still the same for each of the following transformation? explain without directly solving for mrs. a) u′=u2 b) u′=1/u2 c) u′=1987×u−507 d) u′=eu 3. explain why taking a monotonic transformation of a utility function does not change the marginal rate of substitution (mrs).

Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry?

Neon light company of kansas city ships lamps and lighting appliances throughout the country. ms. neon has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by one and one-half days. furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. the bank has a remote disbursement center in florida. a. if neon light company has $2.90 million per day in collections and $1.18 million per day in disbursements, how many dollars will the cash management system free up?

The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?