Please provide accurate and correct answers to both questions without explanation. Thank you for your assistance. For the given utility function:k₁.1(1+n)(1+g) 2+p12 + p (l-α)k ²What will be the impact of the increase in a on k(t+1)?a) Increaseb) Decreasec) Remain unchanged.d) Increase initially and then decrease. In the graph, an increase in supply would cause a move from which equilibrium point to another,other things being equal.PricePPP₁Eya) A decrease in input pricesb) An improvement in technologyc) An increase in input pricesd) An increase in consumer incomeEQ:QiQ QQuantity of good XWhich of the following might cause a shift from Si to S₂?D₁$₂S₁D₂

Changes in the supply curve in a market reflect shifts in the quantity of goods or services that…

For the given utility function: k₁. 1 (1+n)(1+g)2+p\ 1 -(1-a)k What will be the impact of the increase in a on k(t+1)? a) Increase b) Decrease c) Remain unchanged. d) Increase initially and then decrease.

For the given utility function: k₁. 1 (1+n)(1+g)2+p\ 1 -(1-a)k What will be the impact of the increase in a on k(t+1)? a) Increase b) Decrease c) Remain unchanged. d) Increase initially and then decrease.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Form Utility

The term utility in general refers to the satisfaction earned from usage of a particular product or service. Utility always plays an important role because it influences various important elements like demand & thereby the price of the good or service as well. Though utility is not easy to measure, various types of economic models can be used indirectly. There can be various types of utilities like economic utility, marginal utility, cardinal utility, form utility.

Question

Please provide accurate and correct answers to both questions without explanation. Thank you for your assistance.

For the given utility function:
k₁.
1
(1+n)(1+g) 2+p
1
2 + p (l-α)k ²
What will be the impact of the increase in a on k(t+1)?
a) Increase
b) Decrease
c) Remain unchanged.
d) Increase initially and then decrease.

In the graph, an increase in supply would cause a move from which equilibrium point to another,
other things being equal.
Price
P
P
P₁
Ey
a) A decrease in input prices
b) An improvement in technology
c) An increase in input prices
d) An increase in consumer income
E
Q:
QiQ Q
Quantity of good X
Which of the following might cause a shift from Si to S₂?
D₁
$₂
S₁
D₂

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