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An individual with utility function
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Consider an individual with a utility function of the form: U(x,y)=xy , and where m=1, px=2, and py=3 ,
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asked by
Sara
569 views
how are:
goods services utility form utility place utility time utility possession utility information utility benifits and
2 answers
asked by
clarissa
771 views
Ive been stuck on this forever now if someone could please walk me through it i was appreciate it:
1: Suppose John had a utility
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asked by
Brett
747 views
For a risk averse person,
a. the utility function exhibits the property of constant marginal utility of wealth. b. the pain of
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asked by
unknown 2.0
53 views
Suppose a person has a utility function U=YX. What is the minimum level of income required to get a utility of 20? Your answer
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asked by
jon
574 views
Suppose a person has a utility function U=YX. What is the minimum level of income required to get a utility of 20? Your answer
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asked by
jon
565 views
Use a symbolic differentiation utility to find the derivative of the function g(x)=x�ã((x^2)+1). Use the utility to graph the
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asked by
Jon
2,071 views
1: Suppose John had a utility function of U=X^2/3Y^1/3 . Derive Johns demand function from his utility function showing all the
1 answer
asked by
Brett
733 views
4. If an individual's utility function for coffee (x) and cream (y) is given by U(x, y) = min (x, 5y), write the demand function
1 answer
asked by
jane
1,013 views
4. If an individual's utility function for coffee (x) and cream (y) is given by U(x, y) = min (x, 5y), write the demand function
1 answer
asked by
jane
1,038 views