Mathematics

Mathematics, 04.07.2019 12:20, 2019reynolds

Charlie has the utility function u(xa, xb) =xaxb. his indifference curve passing through 32 applesand 8 bananas will also pass through the point where he consumes 4 apples and

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Mathematics, 25.06.2019 10:40, 21stcenturycyber

Which of the following utility functions are consistent with convex indifference curves and which are not? (i) u(x,y)equals=22xplus+44y (ii) u(x,y)equals=left parenthesis xy right parenthesis superscript 0.5(xy)0.5 (iii) u(x,y)equals=min(33x,44y), where min is the minimum of the two values 33x and 44y. 1.) using the line drawing tool, draw an indifference curve for the first utility function, u(x,y)equals=22xplus+44y, and a utility of 20. label this line upper u 20u20. 2.) using the three-point curved line drawing tool, draw an indifference curve for the second utility function, u(x,y)equals=left parenthesis xy right parenthesis superscript 0.5(xy)0.5, and a utility of 10. label this curve upper u 10u10. 3.) using the multipoint curve drawing tool.draw an indifference curve for utility function, u(x,y)equals=min(33x,44y), and a utility of 24. label this curve u24. carefully follow the instructions above, and only draw the required objects. given these indifference curves, indifference curves that correspond to utility u(x,y)equals=22xplus+44y are ▼ ; indifference curves that correspond to utility u(x,y)equals=left parenthesis xy right parenthesis superscript 0.5(xy)0.5 are ▼ not convex convex ; and indifference curves that correspond to utility u(x,y)equals=min(33x,44y) are

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Mathematics, 30.09.2019 18:30, gungamer720

Jim’s utility function is uj (x, y) = xy. francis’s utility function is uf (x, y) = 2xy + 7. tammy’s utility function is ut (x, y) = √xy. oral’s utility function is uo(x, y) = x(y + 5). marjoe’s utility function is um(x, y) = (xy) 2 − 10. pat’s utility function is up (x, y) = 3x/y. billy’s utility function is ub(x, y) = −xy. (a) who has the same preferences as jim? (b) who has the same indifference curves as jim? (c) explain why the answers to (a) and (b) differ

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Business, 02.10.2019 00:20, alwaysneedhelp8420

Clara’s utility function is u(x, y ) = (x + 2)(y + 1), where x is her consumption of good x and y is her consumption of good y . (a) write an equation for clara’s indifference curve that goes through the point (x, y ) = (2, 8). y = on the axes below, sketch clara’s indifference curve for u = 36. y 16 12 8 4 0 4 8 12 16 x (b) suppose that the price of each good is 1 and that clara has an income of 11. draw in her budget line. can clara achieve a utility of 36 with this budget?

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Business, 23.10.2019 02:00, Latoyajenjins1789

Charlie’s utility function is xaxb. the price of apples used to be $1 per unit, and the price of bananas $2 per unit. his income was $40 per day. if the price of apples increased to $2.25 and the price of bananas fell to $1.75, then in order to be able to just afford his old bundle, charlie would have to have a daily income ofa. $62.50. b. $126. c. $31.25. d. $93.75. e. $250.

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