EXPLORING ECONOMICS
8th Edition
ISBN: 2818000015614
Author: Sexton
Publisher: SAGE
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Question
Chapter 12, Problem 12P
To determine
(a)
The output that a firm produce with given respective prices.
To determine
(b)
Determine the economic profit, Zero economic profit and negative economic profit of the firm.
To determine
(c)
Calculation of price at which firm will shut down.
To determine
(d)
The firm's supply curve.
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Problema 4 (20 puntos):
Supongamos que tenemos un ingreso de $120 y enfrentamos
los precios P₁ =6 y P₂ =4. Nuestra función de utilidad es:
U(x1, x2) = x0.4x0.6
a) Planteen el problema de optimización y obtengan las
condiciones de primer orden.
b) Encuentren el consumo óptimo de x1 y x2.
c) ¿Cómo cambiará nuestra elección óptima si el ingreso
aumenta a $180?
Please draw the graph for number 4 and 5, I appreciate it!!
not use ai please
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