Chile,s utility function is U(q1q2)=q1 0.75 q2 0.25 where q1 is chocolate and q2 is pie.if p1

Fantastic news! We've Found the answer you've been seeking!

Question:

Chile,s utility function is U(q1q2)=q1 0.75 q2 0.25 where q1 is chocolate and q2 is pie.if p1 is #1, p2 is #2 and y is #80 what is Chile's optimal bundle

Posted Date: Nov 12, 2021 02:39 PM

See More Questions

Suppose that Hannahs utility function is U H = 3 T + 4 C and that Joses utility function is U J = 4 T + 3 C , where T is pounds of tea per year and C is pounds of coffee per year. Suppose there are...
If Philip's utility function is U = 2q10.5 + q2, what are his demand functions for the two goods?
Davids utility function is U = B + 2Z, so MU B = 1 and MU Z = 2. Describe the location of his optimal bundle (if possible) in terms of the relative prices of B and Z.
SUBJECT 3 (2.5 UNITS)The company "APOLLON" has calculated that for the production of oneunitof finished product requires standards of 8 kg of direct materials(AU) and thestandard price was set at 2...
A newspaper designs a survey to estimate the proportion of the population willing to invest in the stock market. It takes a list of the 1000 people who have subscribed to the paper the longest and...
A manufacturer is considering alternatives for building new plants, to be located closer to three of its primary customers with whom it intends to develop long-term, sole-supplier relationships. The...
Explain why governance reporting regulations and principles were introduced.
For the coming year, Cleves Company anticipates a unit selling price of $ 100, a unit variable cost of $ 60, and fixed costs of $ 480,000. Instructions 1. Compute the anticipated break- even sales...
6. The number of (staircase) paths in the xy-plane from (0, 0) to (7, 5) where each such path is made up of individual steps going one unit upward (U) or one unit to the right (R). (a) 12C5 (b) 12!...
The proposed rates were not in the range the CEO expected given the pricing analysis. The CEO has asked the pricing actuary to verify the total projected loss cost excluding potential large storm...
4. Calculate the empirical formula of the ionic compound calcium phosphate, a major component of fertilizer and a polishing agent in toothpastes. Elemental analysis indicates that it contains 38.77...
12. An object on a number line moved from x = 15 cm to x = 165 cm and then moved back to x = 25 cm, all in a time of 100 seconds. What was the average velocity of the object in cm/s?
2. An 80 kg astronaut is on a spacewalk away from the shuttle when his tether line breaks. Starting at rest (relative to the shuttle) he throws the 9.5kg oxygen tank away from him with a velocity of...
5. A 0.8 kg apple is balanced on a circus performer's head 1.9 m above the ground. An archer shoots a 50 g arrow at the apple with a speed of 45 m/s. The arrow passes through the apple and emerges...
The light bulbs at your new office operate at 3,121 K. Calculate the frequency in kHz that the filaments radiate maximum energy at. Express your answer in scientific notation using two significant...
Make a video presentation or slideshow (with voice over) presentation on some of the local pollinators in your hometown. Tell me about the natural history and some interesting facts about the honey...
2. For a given year, if consumption expenditures are $18,000, investment expenditures are $4700, government expenditures are $4600, net exports are -$800 [all figures are in billions]: a. Calculate...
A copper sphere of 10-mm diameter, initially at a prescribed elevated temperature T;, is quenched in a saturated (1 atm) water bath. Using the lumped capacitance method, estimate the time for the...
Classify each of the following as either a policy instrument or an intermediary target. Explain your answer. a. Long-term interest rates b. Central bank interest rates c. M2 d. Reserve requirements
Go to the website that contains the most recent calculations of the Economists Big Mac Index, http://www.economist.com/content/big-mac-index. a. Plot the relationship between the local price of a Big...
If the Canadian dollar to U.S. dollar exchange rate is 1.24 and the British pound to U.S. dollar exchange rate is 0.68, what must be the Canadian dollar to British pound exchange rate?

Chile,s utility function is U(q1q2)=q1 0.75 q2 0.25 where q1 is chocolate and q2 is pie.if p1

Question:

Expert Answer:

Solution The formula view of the table is also provided for your reference A B D A B 1 q1 q2 Expendi... View the full answer

Students also viewed these economics questions