(a) To explain: Whether during the business cycle, the consumer non-durable or durable goods tend to change.

Question

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?

Answer 1

Question

Chapter 19, Problem 7P

To determine

(a)

To explain:

Whether during the business cycle, the consumer non-durable or durable goods tend to change.

To determine

(b)

To explain:

The way consumer durables are similar to the investments.

To determine

(c)

To explain:

Whether there can be a negative value in a year for a fixed investment or an inventory.

To determine

(d)

To explain:

The reason behind all of the government spending is not considered as part of the Gross Domestic Product.

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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

Answer 2

Question

Chapter 19, Problem 7P

To determine

(a)

To explain:

Whether during the business cycle, the consumer non-durable or durable goods tend to change.

To determine

(b)

To explain:

The way consumer durables are similar to the investments.

To determine

(c)

To explain:

Whether there can be a negative value in a year for a fixed investment or an inventory.

To determine

(d)

To explain:

The reason behind all of the government spending is not considered as part of the Gross Domestic Product.

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Answer 3

Question

Chapter 19, Problem 7P

To determine

(a)

To explain:

Whether during the business cycle, the consumer non-durable or durable goods tend to change.

To determine

(b)

To explain:

The way consumer durables are similar to the investments.

To determine

(c)

To explain:

Whether there can be a negative value in a year for a fixed investment or an inventory.

To determine

(d)

To explain:

The reason behind all of the government spending is not considered as part of the Gross Domestic Product.

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Answer 4

Question

Chapter 19, Problem 7P

To determine

(a)

To explain:

Whether during the business cycle, the consumer non-durable or durable goods tend to change.

To determine

(b)

To explain:

The way consumer durables are similar to the investments.

To determine

(c)

To explain:

Whether there can be a negative value in a year for a fixed investment or an inventory.

To determine

(d)

To explain:

The reason behind all of the government spending is not considered as part of the Gross Domestic Product.

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Answer 5

Chapter 19, Problem 7P

To determine

(a)

To explain:

Whether during the business cycle, the consumer non-durable or durable goods tend to change.

To determine

(b)

To explain:

The way consumer durables are similar to the investments.

To determine

(c)

To explain:

Whether there can be a negative value in a year for a fixed investment or an inventory.

To determine

(d)

To explain:

The reason behind all of the government spending is not considered as part of the Gross Domestic Product.

Answer 6

Chapter 19, Problem 7P

To determine

(a)

To explain:

Whether during the business cycle, the consumer non-durable or durable goods tend to change.

Answer 7

Chapter 19, Problem 7P

To determine

(a)

To explain:

Whether during the business cycle, the consumer non-durable or durable goods tend to change.

Answer 8

To determine

(b)

To explain:

The way consumer durables are similar to the investments.

Answer 9

To determine

(b)

To explain:

The way consumer durables are similar to the investments.

Answer 10

To determine

(c)

To explain:

Whether there can be a negative value in a year for a fixed investment or an inventory.

Answer 11

To determine

(c)

To explain:

Whether there can be a negative value in a year for a fixed investment or an inventory.

Answer 12

To determine

(d)

To explain:

The reason behind all of the government spending is not considered as part of the Gross Domestic Product.

Answer 13

To determine

(d)

To explain:

The reason behind all of the government spending is not considered as part of the Gross Domestic Product.

Answer 14

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Answer 15

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Answer 19

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Answer 25

Ch. 19 - Prob. 1P Ch. 19 - Which of the following are included in GDP...Ch. 19 - Prob. 3P Ch. 19 - Prob. 4P Ch. 19 - Prob. 5P Ch. 19 - Prob. 6P Ch. 19 - Prob. 7P Ch. 19 - Prob. 8P Ch. 19 - Prob. 9P Ch. 19 - Nominal GDP in Nowhereland in 2018 and 2019 is as...

(a) To explain: Whether during the business cycle, the consumer non-durable or durable goods tend to change.

Solution Summary: The author explains the difference between durable and non-durable goods over the course of a business cycle.

(a)

To explain:

Whether during the business cycle, the consumer non-durable or durable goods tend to change.

(b)

To explain:

The way consumer durables are similar to the investments.

(c)

To explain:

Whether there can be a negative value in a year for a fixed investment or an inventory.

(d)

To explain:

The reason behind all of the government spending is not considered as part of the Gross Domestic Product.

Chapter 19 Solutions

(a) To explain: Whether during the business cycle, the consumer non-durable or durable goods tend to change.

Solution Summary: The author explains the difference between durable and non-durable goods over the course of a business cycle.

(a) To explain: Whether during the business cycle, the consumer non-durable or durable goods tend to change.

(b) To explain: The way consumer durables are similar to the investments.

(c) To explain: Whether there can be a negative value in a year for a fixed investment or an inventory.

(d) To explain: The reason behind all of the government spending is not considered as part of the Gross Domestic Product.

Chapter 19 Solutions

(a)

To explain:

Whether during the business cycle, the consumer non-durable or durable goods tend to change.

(b)

To explain:

The way consumer durables are similar to the investments.

(c)

To explain:

Whether there can be a negative value in a year for a fixed investment or an inventory.

(d)

To explain:

The reason behind all of the government spending is not considered as part of the Gross Domestic Product.