Question: Explain clearly Question 2 You have the utility function U(q192) = q; q; . Suppose p1 = 1, P2 =10. When you have a budget
Explain clearly




Question 2 You have the utility function U(q192) = q; q; . Suppose p1 = 1, P2 =10. When you have a budget of 600 yuan, your optimal bundle 91 = 0 20 0 400 0 40 200 0 0 100 none of the mentionedQuestion A Wenzhou orange growers would like some advice from you to help them with their orange production. You know the local orange market has the following supply and demand relationships: Q1 -4p Qu=27-Pa=50 + 100 Where p is the price of oranges per kilogram (unit: Yuan), Q is the quantity of oranges in kilograms. Y is the level of disposable consumer income, and Pe is the price of apples Please achase the local orange growers that in terms of quantity, a one unit inecesss in the price of apple will @ Increase orange quantity by approximately 0.44 kilograms @ increase orange quantity by approximately 44.44 kilograms O decrease orange quantity by approximately 0.44 kilograms O decrease orange quantity boy approximately 0.89 kilograms Omerease prance quantity by approximately 0.89 kilograms @ decrease orange quamity by approximately 44,44 kilograms none of the mentionedQuestion 3 Consumers will always pay the entire amount of a specific tax whenever O demand is perfectly inelastic only supply is perfectly elastic only both demand is perfectly elastic and supply is perfectly Inelastic both demand is perfectly inelastic and supply is perfectly elastic supply is perfectly inelastic only demand is perfectly elastic only none of the mentionedQuestion 1 You have the utility function U(q1.42) = 91 + 2In(q2). Both p1 = pz =20 When you have a budget of 100 yuan, your optimal bundle 92 =_ 02 @ none of the mentioned 04 05 03 0 1 Moving to another question will save this response
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