Suppose there are two goods, x1 and x2, with unit prices p1 and p2. Consider a consumer with vealth w > 0 and utility function given by u(x1, x2) = x + a. Find demand for the two goods: x,(p1,P2, W) and x2(P1,P2, w) b. Compute the indirect utility function v(p1, P2, w)

Q: What is the purpose of graphic analysis?

A: Graphical analysis refers to the data analysis done using graphical techniques in order to determine…

Q: Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500…

A: The loan is the amount of money which would result in the amount of money borrowed and used for…

Q: 39. What do you call that COST which is nat usually thought of at a coST? A. Explicit Cost B.…

A: When making any activity, there used to be some cost associated with it thay is classified into…

Q: Ted's car is now worth $9000, which is 60% of what he paid for it. What did he pay for his car?

A: Present worth is present value or value for now which is calculated after wear and tear,depreciation…

Q: jsmod748o@emailify.shop

A: The email address you provided, j..o@emailify.shop, appears to be a disposable email address.…

Q: The table shows a private open economy. All figures are in billions of dollars. Real GDP C+ lg Net…

A: The real GDP refers to the total goods and services produced in an economy in a given fiscal…

Q: Why would someone choose a fixed rate loan over a variable rate loan?

A: In the field of economics, a loan is defined as the act of lending money or resources by one party…

Q: Carson used $800 000 of their savings to open a coffee shop. The savings account paid 2% interest.…

A: We know that the economic profit is the difference between the total sales revenue of output and the…

Q: Where did the $98 come from?

A: Deadweight loss can be described as the loss of total welfare or the social surplus because of…

Q: The advantage of a loan is that: its transaction costs are low. it can be tailored to the needs of…

A: Loan: A loan is a sum of money borrowed from a lender with the agreement that it will be repaid,…

Q: In a business Finance/Budgeting situation, create a budget for month-long vacation trip to Australia…

A: The technique of controlling one's income and expenses in order to meet financial objectives is…

Q: Can you solvie it step by step. Manually

A: Engineering economics entails a methodical analysis of the financial advantages of suggested…

Q: 32. What ty pe of a production function which results from ite marginal phyaical product (MPP) that…

A: Production function is the mathematical expression to show the connection between the output…

Q: what is mode of entry meaning?

A: Mode of entry refers to different channels through which a business can enter the international…

Q: what is continous and discrete payments?

A: Discretely compounded interest is calculated and added to the principal at specific intervals (e.g.,…

Q: If your receive $500 in simple interest on a loan that you made for $10,000 for 5 years, what was…

A: here we calculate the interest rate charged which are as follow-

Q: How do we use time value of money in our everyday lives?

A: In life, we see that usually the price of most of the goods were cheaper last year than today. Time…

Q: usefulness of e-money and versus digital cash.

A: Firstly the barter system was used for buying and selling of goods in which goods were exchanged for…

Q: What is the time value of money?

A: Time value of money (TVM) is a concept that emphasizes on the opportunity cost of money, and…

Q: how is the graph numbered? from what number to what number ?

A: The lowest production frontier is war-hit frontier. That reduces production of both sectors.The…

Q: What is the cheapest loan?

A: A loan is the lending of money by an individual or a group to another individual or a firm, with an…

Q: 45. In a purely competitive market aitu ation, when is prof it maximum? 9. When Margin al reveme…

A: A market system in which a large number of small businesses compete against one another is known as…

Q: what are types of saving vehicles

A: Savings is the money left over after subtracting a person's consumption expenses from their…

Q: please re write part e in paper with pen , i

A: Total Cost of producing 100 units =  2800Total Cost of producing 500 units = 6000Profit function = -…

Q: please check the calculations. i think they are wrong

A: Net cash flow is actually profitability ratio which indicates the profits in a specific period of…

Q: Connor started with $10 and is saving $2 a week. Carlie started with $16 spending 1 a week. How many…

A: Present worth is a financial concept used to determine the value of future cash flows in today's…

Q: Please help with part D

A: A Pareto efficient allocation is one in which one party can be made better off only at the cost of…

Q: 1. Identify a business organization nearby your location and write a brief note in 200 words about…

A: By identifying a business organisation nearby my location I found a Micro finance organisation.…

Q: What is the time period? What does it determine?

A: Time period refers to the duration of an investment.  There are mainly two time periods; short run…

Q: What is the purpose of citation in business research? Please use reference

A: Business research refers to the research done in the fields of management, business decisions, and…

Q: What is the Excel method?

A: Excel is a computer spreadsheet program that consist of rows and columns. Excel is used to store…

Q: Hi can you help me? I can't find anything on the net. List down john Stuart Mill significant events…

A: Born - 20 May 1806 Died – 7 May 1873 Married Hill taylor - 1851

Q: Give some specific examples of period costs?

A: Period costs are all expenses not included in cost of the commodity.

Q: What are speed payments? Could they potentially be ethical? Does it matter where speed money…

A: Speed payments, also known as 'facilitation payments' or 'grease payments', are small bribes paid to…

Q: How to imorove quality education in the Philippines

A: Over hundreds of years of colonial occupation, first by Spain and then by the United States, the…

Q: IMF loan condition and challenges in Bangladesh. Please write this in 1500 word. Also include the…

A: This paper explores the International Monetary Fund (IMF) loan conditions imposed on Bangladesh and…

Q: how did you get the 75 ??

A: Here, information about the price of own good, price of related good, income and units of…

Q: High quality information gruarantees that every decisions made will be a successful one that…

A: High-quality information refers to information that is: Accurate Complete Unique Consistent These…

Q: It is Thursday, which means local handymen Val and Earl have to empty the septic tank of a neighbor…

A: Nash equilibrium is the point of a game corresponding to which each participant optimizes his…

Q: Why is it essential to keep a close eye on fixed expenses?

A: Fixed expenses or overhead costs are that part of production costs which do not fluctuate with the…