help to complete below homework : Pls explain in details why selected option is correct.

Q: QUESTION 18 You produce two outputs: school-related output änd other output. Everything fits into…

A: The Production Possibilities Frontier (PPF) is a diagram that shows every one of the various mixes…

Q: Which of the following goods is likely to provide both the largest total utility and the smallest…

A: Total utility refers to the total amount of satisfaction derived from consuming a good. Marginal…

Q: Public schooling is a "take-it-or-leave-it" option. Individuals are not allowed to supplement public…

A: The range of choices available within a budget for an individual is referred to as budget…

Q: 38. Rational decision making requires that A. One's choices be arrived at

A: To find : What is required to make rational decision.

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Given:Budget: $24Price of Sletzer: $2Price of peanut butter: $6  If Jacques spends his entire $24 on…

Q: Units Consumed 2 B 4 Total Utility 0 40 B 80 D Refer to data. What is the value for C? Marginal…

A: Cardinal utility theory proposes that the abstract concept of utility, signifying satisfaction or…

Q: Faisal has a budget of SR24 to spend on two fruits: Apples and bananas. The price of apple is SR3.00…

A: A budget line represents the combination of two products that a consumer can afford given the costs…

Q: What is social referencing? How does it function in infancy and what does it imply about infants'…

A: Social referencing is a phenomenon when babies and young children learn to respond according to…

Q: Consider a consumer whose preferences are represented by u(x₁, x₂) = √x₂ + x1, and who has budget…

A: ***Since the student has posted a question with multiple subparts, the expert is required to solve…

Q: Rational decision making requires that

A: Rational decision making requires what :

Q: Week Eight Discussion 1. Describe some of the different types of budgets. What are the advantages of…

A: Budgets are financial road maps that delineate an organization's anticipated income and expenditures…

Q: 1. What is a commodity? a product O a bathroom facility

A: What is a commodity? a. Product  b. a bathroom facility Solution:  Answer is a bathroom facility. A…

Q: If point XYZ falls on different level pf indifference curve, what wil happen? a. point x maybe…

A: Indifference curve shows the two goods combination which provide to consumers same satisfaction…

Q: 40- Budget line A 30- 20- 10- Budget line B 80 Food, F (units per week) 20 40 60 Clothing, C (units…

A: Theodore has an initiative budget constraint as A and  it is now changed to the new budget…

Q: Assume that instead of the offer in (a) the pizzeria announces a different special: Buy one pizza,…

A: Budget Line: given the price of 2 goods and consumer’s income. The budget line shows different…

Q: PROBLEM (2) A consumer has utility u(x,y) = -- over bundles of food (x) and clothing (y). This time,…

A: Since you have posted a question with multiple sub parts, we will provide the solution only to the…

Q: Ral needs to hire a new landscaping service to take care of the small garden outside his office. He…

A: Maximizing: It will provide an opportunity to get the maximum outcome, suppose a seller is selling…

Q: At the flower shop, where you manage twoemployees, your employees perform two tasks,caring for the…

A: Management refers to the technique or procedure used to organize various resources systematically.…

Q: Net benefit can be estimated as: Select one: a. net benefit= benefit/ (cost+i) b. net benefit =…

A: Answer - Need to find- Net Benefit can be estimated as   Evaluating the options :- 1. Net benefit =…

Q: Marissa has $30 to spend on beer and hamburgers. Beers are $3/beer and hamburgers are $5/hamburger.…

A: Budget constraint: - it is a graphical representation of different bundles of goods that a consumer…

Q: T/F Explain Utility numbers cannot be negative since higher utility means a con- sumer is better…

A: Utility: - Utility is the satisfaction derived by any consumer by consuming a good or service.

Q: Budget constraints provide a visual image the represents what a person can afford, given the price…

A: All individuals in the economy can purchase goods and services by the means of income that the earn…

Q: d you have left over to buy an apple. Or something healthy. ost the right answers on the discussions…

A: Total utility is the general fulfillment that a buyer gets from the utilization of specific labor…

Q: 4. Convexity and optimization Indicate which of the following graphs of various budget constraints…

A: In economics, a budget constraint represents all the possible combinations of goods or services that…

Q: 3. When is substitution exercised?

A: It is not always easy to determine whether a product or service is a substitute. Products and…

Q: Where is the consumer's new solution if the consumer's preferences are homothetic?

A: The utility function refers to all those commodity bundles that derive the same amount of utility…

Q: Enumerate and explain the properties of Consumer Preference.

A: DISCLAIMER  “Since you have asked multiple questions, we will solve the first question for you. If…

Q: Scott loves to go to baseball games, especially home games of the Cincinnati Reds. All else equal,…

A: The net benefit of a project is determined by totaling its benefits and subtracting all of its…

Q: Describe in detail, explaining detail, and provide a matching drawing of your own budget constraint

A: Income refers to the money that an individual or entity receives, usually in the form of wages,…

Q: 1. Using the following information, calculate total utility and marginal utility. a. Plot the total…

A: The utility is the wants satisfying power of a product. Total utility is the total amount of…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: To find Skippy's optimal consumption bundle (x, y) that maximizes his utility u=x2y given his budget…

Q: Quèstion 7 When total utility begins to decline marginal utility will be positive but it will…

A: The relationship between TU and can be summarised as follows :

Q: None

A: Total utility is the total satisfaction that the consumer derives from consumption of goods.Marginal…

Q: Mega Partner is selling two products Marker(m) and Eraser(e) and their budget is given with the…

A: (Since you have posted a question with multiple sub parts, we will solve the first three sub parts…

Q: constraint analysis is good or bad? write paragraph

A: The Theory of Constraints is a method for identifying the most major limiting factor (i.e.,…

Q: Budget constraints provide a visual image the represents what a person can afford, given the price…

A: Budget constraint shows the amount of two goods  with given set of income that the consumer can…

Q: Consider a consumer spending their available income on two goods: medicines and food. Draw a graph…

A: The indifference curve is the graphical representation of the relationship between utility and…

Q: Economics Lars has asserted that he prefers bacon to sausage, sausage to chips and chips to bacon.…

A: Answer to the question is as follows :

Q: Question 32 The last unit purchased of good "X" gave you marginal utility = 3 and c $10/unit. The…

A: A consumer will maximise utility at a point where marginal rate of substitution is equal to the…

Q: Where is the consumer's new solution if the consumer's preferences are homothetic?

A: All commodity bundles that provide the same amount of utility after consumption are referred to as…

Q: Janet needs to buy textbook that costs $271. She has a coupon for $5 off at the bookstore, but she…

A: Opportunity cost refers to the potential benefits that a person, business, or society forgoes when…