QUESTION 1Given the Budget of $1000304050250310365415765.50.80.70.60.5581501060708090460502.5542.5100581.54.54.2543.90.50.450.4250.40.39P of X = 1010Q of X0TU of X (10s)0(Average) MU of X0MU/S of X0- ៩៩៩10100180280000P of Y = 500Q of YTU of YMU of YMU/S of Y500012350510870119514851730051036032529024501.020.720.650.580.49The optimal consumption bundle:of X;of Y

Budget constraint represents all the possible combinations of the goods or services that a consumer…

QUESTION 1 Given the Budget of $1000 P of X = 10 10 Q of X 0 10 20 30 40 50 60 TU of X (10s) 0 100 180 250 310 365 415 460 ៦៨ 70 80 502.5 (Average) MU of X 0 10 8 7 6 5.5 5 4.5 4.25 542.5 144 90 100 581.5 3.9 MU/S of X 0 1 0.8 0.7 0.6 0.55 0.5 0.45 0.425 0.4 0.39 P of Y = 500 Q of Y TU of Y MU of Y MU/S of Y 500 0 1 2 3 4 5 0 510 870 1195 1485 1730 0 510 360 325 290 245 0 1.02 0.72 0.65 0.58 0.49 The optimal consumption bundle: of X: of Y

QUESTION 1 Given the Budget of $1000 P of X = 10 10 Q of X 0 10 20 30 40 50 60 TU of X (10s) 0 100 180 250 310 365 415 460 ៦៨ 70 80 502.5 (Average) MU of X 0 10 8 7 6 5.5 5 4.5 4.25 542.5 144 90 100 581.5 3.9 MU/S of X 0 1 0.8 0.7 0.6 0.55 0.5 0.45 0.425 0.4 0.39 P of Y = 500 Q of Y TU of Y MU of Y MU/S of Y 500 0 1 2 3 4 5 0 510 870 1195 1485 1730 0 510 360 325 290 245 0 1.02 0.72 0.65 0.58 0.49 The optimal consumption bundle: of X: of Y

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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