Please Answer my question A,B,C 3sub parts .... Because I know this team can answer max 3 sub parts... Please answer my question with the parts... Thank u god bless u Based on these two data, answer the following questions:A. Write down the budget equation from the consumer and the isocostequation from the producer!B. Find the slope of the line from the budget equation and the isocostequation!C. Based on the concept of balance between consumers and producers,look for what is the balance point of consumer (AB) and producerbalance (L, K)?D. In consumer balance, what is the value of the MRSE (Marginal ratesubstitution B and Anya)? What is the value of the MRTS (MarginalRate Technical Substitution Factors K and L?E. Describe both consumer balance (KK) and producer balance (KP)!(Utility and Budget in KK and Production and Isocost in KP)Note:• The ones on the horizontal axis are L and A and in the vertical K andB. To find consumer balance, look for the slope of the budget and MRSlines and make the difference between the two.• To find a balance of producers, find the slope of the isocost and MRTSlines and• Equate between the two. Do the consumer first, then do the producerto answer 5 questions Sub - Parts • Consumers have the following dataU=U (A, B) = A2 B2The price of goods A= 200 and the price of goods B = 500 and Budgetis IDR 10,000Where:A= quantity of goods A.B= quantity of goods B• Producers have the following dataQ=Q(KL) =K2 /4 L3/4The factor price of K-500 and the factor price of L= 400 and the Budgetare IDR 24,000Where :K= quantity of capitalL= quantity of labor

Note: Since, you've posted question with multiple sub-parts, we will solve the first the first three…

U-U (A, B) = A2 B2 The price of goods A= 200 and the price of goods B = 500 and Budget is IDR 10,000 Where: A= quantity of goods A. B= quantity of goods B • Producers have the following data Q=Q (KL) = K2/4 L3 /4 The factor price of K-500 and the factor price of L=400 and the Budget are IDR 24,000 Where : K= quantity of capital L= quantity of labor

U-U (A, B) = A2 B2 The price of goods A= 200 and the price of goods B = 500 and Budget is IDR 10,000 Where: A= quantity of goods A. B= quantity of goods B • Producers have the following data Q=Q (KL) = K2/4 L3 /4 The factor price of K-500 and the factor price of L=400 and the Budget are IDR 24,000 Where : K= quantity of capital L= quantity of labor

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Please Answer my question A,B,C 3sub parts .... Because I know this team can answer max 3 sub parts... Please answer my question with the parts... Thank u god bless u

• Consumers have the following data
U=U (A, B) = A2 B2
The price of goods A= 200 and the price of goods B = 500 and Budget
is IDR 10,000
Where:
A= quantity of goods A.
B= quantity of goods B
• Producers have the following data
Q=Q(KL) =K2 /4 L3/4
The factor price of K-500 and the factor price of L= 400 and the Budget
are IDR 24,000
Where :
K= quantity of capital
L= quantity of labor

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