ou have AED5 to spend on any combination of bread and water. The price of bread is AED2 and the price of water is AED1. You have calculated the following utility values for yourself: Bread Water Quantity Of bread TU of bread MU of bread (MU/P)bread Quantity of water TU of water MU of water (MU/P)water 0 0 0 0 1 16 1 30 2 30 2 50 3 40 3 58 4 46 4 64 a- Conclude whether or not you follows the law of diminishing MU. b- What is your optimal combination of bread and water?
ou have AED5 to spend on any combination of bread and water. The price of bread is AED2 and the price of water is AED1. You have calculated the following utility values for yourself: Bread Water Quantity Of bread TU of bread MU of bread (MU/P)bread Quantity of water TU of water MU of water (MU/P)water 0 0 0 0 1 16 1 30 2 30 2 50 3 40 3 58 4 46 4 64 a- Conclude whether or not you follows the law of diminishing MU. b- What is your optimal combination of bread and water?
Trigonometry (11th Edition)
11th Edition
ISBN:9780134217437
Author:Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
Publisher:Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
Chapter1: Trigonometric Functions
Section: Chapter Questions
Problem 1RE:
1. Give the measures of the complement and the supplement of an angle measuring 35°.
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Question
ou have AED5 to spend on any combination of bread and water. The price of bread is AED2 and the price of water is AED1. You have calculated the following utility values for yourself:
Bread Water
|
Quantity Of bread |
TU of bread |
MU of bread |
(MU/P)bread |
Quantity of water |
TU of water |
MU of water |
(MU/P)water |
|
0 |
0 |
|
|
0 |
0 |
|
|
|
1 |
16 |
|
|
1 |
30 |
|
|
|
2 |
30 |
|
|
2 |
50 |
|
|
|
3 |
40 |
|
|
3 |
58 |
|
|
|
4 |
46 |
|
|
4 |
64 |
|
|
a- Conclude whether or not you follows the law of diminishing MU.
b- What is your optimal combination of bread and water?
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