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Consumer Theory
Page 2
Questions (97)
1. Chipo has the following utility function of 2 goods Pies (X) and fanta (Y):
U= log X + log Y. (a) show that the consumer
2 answers
asked by
hass
1,084 views
1. Chipo has the following utility function of 2 goods Pies (X) and fanta (Y):
U= log X + log Y. (a) show that the consumer
1 answer
asked by
hass
455 views
What are the basic assumptions made in consumer theory and how do they affect managerial decision-making?
1 answer
asked by
Connie
1,051 views
How do i calculate Consumer utility?
3 answers
asked by
AOL
22 views
the consumer utility mazimizing rule
3 answers
asked by
AOL
23 views
At a consumer optimum involving goods A and B, the marginal utility of good A is 6
utils, and the marginal utility of good
3 answers
asked by
AOL
53 views
a)by use of diagrams where appropriate differentiate between Marshallian and Hicksian demand curves.
b)The utility function for a
1 answer
asked by
audax
352 views
draw me an indifference curve where someone does not value integrity very much compared to income
1 answer
asked by
david
837 views
How do you find the budget constraint given the utility function u = q1^(1/3) + q2
1 answer
asked by
Terri
978 views
Does diminishing marginal utility or indifference curve works for consumers? which of these concept works
1 answer
asked by
lisa
352 views
Imagine that the utility a consumer derives from consuming goods A and B is given by the utility function U (Qa,Qb)= QaQb with
3 answers
asked by
Ayansa Dabesa soboka
61 views
Q4: Ch 5 (10%)
In terms of the consumer theory set forth in this chapter, can you explain the meaning of the following
1 answer
asked by
ED
858 views
The utility that a consumer obtains by consuming goods A and B is given by U .
A With the assumption that , and Y = 100,
3 answers
asked anonymously
40 views
1.Diminishing marginal utility refers to the fact that
a. demand declines as income falls. b. additional satisfaction declines as
4 answers
asked by
Candace
630 views
everything about the budget constraint
3 answers
asked by
economics
395 views
Explain principle of maximization
3 answers
asked by
Lakshmi oberoi
18 views
Given the utility function
U(C,T) = 3C+2T A budget constraint of $50, C = coffee which is $2 a cup, and T = tea which is $1.25 a
1 answer
asked by
Daniel
478 views
Assume that preferencse are given by u(c,L) = 2*ln(c) +ln(L). The wage rate is $15 and the person has 120 hours of time
1 answer
asked by
Kayla
397 views
Homework or not, you need to post your question and how far you've gotten in your thinking toward the "answer" in order for
1 answer
asked by
Writeacher
621 views
A consumer with a fixed income buys two goods, X and Y. If her demand for both X and Y are unitary elastic, she must spend an
1 answer
asked by
Elle
445 views
A rational consumer spends all of her income on two goods: Apple and Banana. Suppose
the last dollar spent on Apple increased her
1 answer
asked by
Samuel Gudeta
104 views
The utility function of a consumer
U(b,t)=Min(b,t) for where b=busfare and t=taxifare, b=3t for the same distance.For hundred
1 answer
asked by
S.S. Patsa
474 views
A consumer has $100 to spend on two goods X and Y with prices $3 and $5
respectively. Derive the equation of the budget line and
1 answer
asked anonymously
33 views
consumer consuming two commodities X and Y has the following utility function .If the price of the two commodities are Birr 1
1 answer
asked by
Those who want to be...
55 views
1. Explain briefly the following concepts.
A) Utility B) Indifference curve C) Law of diminishing marginal utility D) Budget line
1 answer
asked anonymously
48 views
A consumer consuming two commodities X and Y has the utility function
U(X,Y) XY 2X . The prices of the two commodities
1 answer
asked anonymously
45 views
Application of marshalian function?
1 answer
asked anonymously
13 views
Bridget has a limited income and consumes only wine and cheese; her current consumption choice is four bottles of wine and 10
2 answers
asked by
Andrew
1,182 views
3. Elaborate the justifications for the negative slope and convexity of indifference curve
1 answer
asked anonymously
30 views
Write short notes on
Indifference curve Budget line Cross price elasticity of demand Consumer equilibrium Dynamic equilibrium
1 answer
asked anonymously
36 views
Define marginal utility
1 answer
asked by
Mirriam Mwanza
22 views
Define the term marginal utility
1 answer
asked anonymously
24 views
What do we mean by engel's law
1 answer
asked anonymously
16 views
Application of marshallian demand function
1 answer
asked by
Didier
23 views
Timmy consumes two commodities x and y. His utility function is min{x+ 2y, y + 2x}. He chooses to buy 10 units of good x and 20
1 answer
asked anonymously
19 views
Budget constraint
1 answer
asked by
Japhetmanyika97
12 views
Match the correct term to the definition/example.(6 points)
Put responses in the correct input to answer the question. Select a
1 answer
asked anonymously
29 views
A consumer consuming two commodities X and Y has the following utility function U= XY+2X. if the price of the two commodities
1 answer
asked by
Dejene
21 views
A consumer must division $250 between the consumption of product x and product y. The relevant market prices are px=$5 and
1 answer
asked anonymously
12 views
A consumer has a current income of k60, which can be spent only on goods X and Y. The price X is k3 and the price Y is k2.
i.
1 answer
asked anonymously
9 views
The budget constraint
1 answer
asked by
Emmanuel Simon Zulu
5 views
1.Explain the term total utility
2. A consumer has a current income of k60 which can be spend only on good x and y. The price of
1 answer
asked anonymously
6 views
The slope of a budget line reflects the:
elasticity of demand for the two products. price ratio of the two products. amount of
1 answer
asked anonymously
9 views
consumer is in equilibrium and is spending income in such a way that the marginal utility of product X is 2 units and Y is 22
1 answer
asked anonymously
12 views
What is Marginal Utility
1 answer
asked anonymously
5 views
Define the marginal utility
1 answer
asked anonymously
4 views
Define the indifference curve
1 answer
asked anonymously
3 views
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Parent Categories (2)
Economics
Microeconomics