EXPLORING ECONOMICS
EXPLORING ECONOMICS
8th Edition
ISBN: 2818000015614
Author: Sexton
Publisher: SAGE
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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
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