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Suppose that consumer has utility
Imagine that the utility a consumer derives from consuming goods A and B is given by the utility function U (Qa,Qb)= QaQb with
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Ayansa Dabesa soboka
139 views
1) Imagine that the utility a consumer derives from consuming goods A and B is given by the utility function U (QA,QB)= QAQB
1 answer
asked by
Ayansa Dabesa soboka
119 views
Consider the problem of a rational consumer with an experienced utility function given by 10ln(x)+m and a wealth level W=100.
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asked by
manu
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The value to a consumer of having a good or a service available at a convenient time is:
A. Place Utility B. Time Utility C.
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The value to a consumer of having a good or a service available at a convenient time is:
Responses Time Utility Time Utility
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Example: Suppose a consumer‘s utility function is given by U ( X ,Y ) = 𝑿^𝟒 𝒀^𝟐 . Find MRSX,Y
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The value to a consumer of having a good or a service available at a convenient time is:
Responses Ownership Utility Ownership
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A consumer consuming two commodities X and Y has the utility function
U(X,Y) XY 2X . The prices of the two commodities
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118 views
Consider the problem of a rational consumer with an experienced utility function given by 10√x+m. Let q denote the market
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asked by
Aditi
640 views
A consumer consuming two commodities X and Y has the following utility function .If the price of the two commodities are Birr 1
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asked by
Sadam
141 views