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- . On a given evening, J. P. enjoys the consumption of cigars (c) and brandy (b) according to thefunctionU (c, b) = 20c - c2 +18b- 3b2.How many cigars and glasses of brandy does he consume during an evening? (Cost is no objectto J. P.)b. Lately, however, J. P. has been advised by his doctors that he should limit the sum of glasses ofbrandy and cigars consumed to 5. How many glasses of brandy and cigars will he consumeunder these circumstances?I have attached my question as an image. Thank you.1. Multiple Choice The figure below shows the daily number of COVID-19 cases reported to the Robert Koch Institute (RKI) (gray line) as well as the 7-day case counts (each divided by 7) also reported by the RKI as a black line. 30000 Neue Fälle -7-Tage-Fallzahlen (/7) 20000 10000 0 Feb. 20 Apr. 20 Jun. 20 Aug. 20 Okt. 20 Dez. 20 Feb.21 Source: RKI; Own calculation. New Cases (Neue Fälle) and 7-day case counts (7-Tage-Fallzahlen) Which statement is not true about the time series shown. a) The time series New Cases has a weekday effect that is not evident in the time series 7-Day Case Numbers. b) The calculation of 7-day case counts is the application of a moving average over the New Cases.. c) The black line was calculated using the HP filter. d) The black line does not result from the calculation of weekly growth rates. …...
- 741 Ny 7:0 Mond Content X + ultra/courses/_99030_1/cl/outline manipic cempo me manipic accompis. INIU Force Completion. This test can be saved and resumed later. BILLETTE Your answers are saved automatically. * Question Completion Status: QUESTION 1 The goal of the consumer is to maximize the total utility or satisfaction derived from their purchase choices, given the unique budget constraint. To calculate total utility of a given combination of T-shirts and movies, one would use the following approach: O a. For a given combination of T-shirts and movies, survey a group of individuals to determine an average for utils to be assigned to the number of T-shirts and movies. O b. For a given combination of T-shirts and movies, use Google to identify the number of utils associated with the number of T-shirts and movies and thenlum them. O c. For a given combination of T-shirts and movies, assign a number of utils to that combination. O d. Use utils as a measure of utility, assigning a…1 explain the role of ceteris paribus in economic analysis. (b) Suppose there are two Bohemian roommates with identical preferences who derive utility from the number of paintings hung on their hotel's walls (X) and the number of granola bars (Y) that they eat. The specific utility function underlying their preferences is given by: U₁ (X,Y)= X1¹³ Y₁23 (for i=1.2) mes Given that each roommate has $300 to spend and P=$100, Py = $ 0.20, explore the consequences of various expenditure allocations. In particular provide a detailed analysis of the possibility leading to free ridership Will that solution be efficient? If so or if not, why? Calculate the efficient allocation. What arrangement for cost sharing would be Pareto superior?
- Please Show Each and Every Working VERY CLEARLY! hours spentWould a research study on the effects of soft drink consumption on childrens cognitive development he a positive or normative statement?nentQu102 Search (Alt+Q) Mailings Review View Help As 三、=、m。田H T AaBbCcDd AaBbCcDd AaBbC AaBbCc =三、 、田 1 Normal 1 No Spac. Heading 1 Heading Paragraph Styles 3) Use the table below to answer the following question. Table 3 Price of Jolt Income Level Jolt Sales $25,000 Price of Coke $1.00/can $1.40/can 2014 $1.00/can 15,000 cases 2015 $1.00/can $1.00/can $25,000 25,000 cases 2016 $1.40/can $35,000 15,000 cases 2017 $1.40/can $1.40/can $35,000 5,000 cases a. Refer to Table 3. What is The Income elasticity of demand for Jolt? b. What type of good is Jolt when it comes to price elasticity of demand? What type of good is Jolt when it comes to income elasticity of demand? d. What is the cross-Price elasticity between Coke and Jolt? Are Coke & Jolt Complements or substitutes? C. e.
- The question wasnt answered fully- Show the necessary graphs to fully explain all requested effects. label graphs andgive brief explanations.Economics 3. Consider the consumer optimization problem max a In(x) + Bln(y) subject to Pza + Pyy 0. (a) Write the Lagrangean for the problem noting that the non-negativity con- straint cannot bind since a, y > 0 and write the Kuhn-Tucker conditions for the problem. (b) Argue that the budget constraint is binding and solve the problem. (c) Add a third good z to the model so that the new problem becomes: max a In(r + 2) +3 In(y+2) subject to Pza + Pyy + P:z 0 and y > 0. (d) Is it possible to have at optimum r > 0, y > 0, z > 0? (e) When is z = 0 at optimum?Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
