# Microeconomics (margin Utility) need clarification

38,528 results

### Algebra 2: Prob and Stats

A survey of 480 high school students found that 37% had a pet. Find the margin of error. Round to the nearest percent. Use the margin of error to find an interval that is likely to contain the true population proportion. * margin of error = +-5% interval, 37% to 42% * margin ...

### Microeconomics

Assume that the marginal utilities for the first three units of a good consumed are 200, 150, and 125 respectively. What is the total utility for the first unit?

I just want an idea on how to do this, so will only post one example: For each of the following situations, decide whether the bundle Lakshani is thinking about consuming is optimal or not. If it is not optimal, how could Lakshani improve her overall level of utility? That is...

### economics

how is marginal utility found? Marginal utility is the change in total utility divided by the change in the quantity consumed of a good. MU=ChangeinTU/ChangeinQG

### Simple Math

Please explain to me what I need to do . A cable 35 feet long runs from the top of a utility pole to a point on the ground 30 feet from the base of the pole. How tall is the utility pole ?

### Microeconomics

Mary's utility function is U(b,c)= b+ 100c - c^2. b takes up 1 sq ft and c takes up 4 sq ft. a) if Mary has only 144 sq ft, how much of c would she grow? b) if mary grows both b and c, how large must her garden be in sq ft?

### Microeconomics

1. The utility function is given by: U=x+y and the budget line is x+2y=100. Then the price of good x goes up to 4. Find the Hicksian substitution effect, income effect, and total change in demand for good x from the change --- Ok i read the theory but i cant solve the problem ...

### Soc. Studies - Help please

2nd time asking this question - need further clarification - please What was the outcome of the Alliance for Progress? A.Americans opposed Kennedy’s policies. B.Relations between the United States and Latin America improved. C.Relations between the United States and Latin ...

### Micro econ

1: Suppose John had a utility function of U=X^2/3Y^1/3 . Derive Johns demand function from his utility function showing all the necessary steps. i know that the MUx=MUy and first i derive the equation to 2/3X^-1/3 1/3Y^-2/3 then im stuck i need help with the simplification

### English - Need Clarification on Two Words

What does it mean to be an individual? (This is what I think, you have you're own identity, but I need to expand more and I can't think of anything...) I'm basically asking, what does it take to be an individual? What does it mean to have freedom? (I think it means having free...

### math

9. A company that manufactures a specialty line of high performance racing boats has determined that its profit margin can be represented by the equation, PM(x)=-x^3+7x^2-10x, where x is in thousands of dollars. a) graph without technology. b) determine the production numbers ...

### Statistics

A random sample of 14 college female students revealed their average height was 66.1 inches. a) How many students should be in a samle if a 95% confidence interval is to have a margin of error of only plus/minus 1 inch? Is that the only information you were given? Were you not...

### Microeconomics

For being such a hard worker, you are going to receive $50 to spend this weekend. How are you going to spend your$50? Explain your choices in terms of the equimarginal rule. Could your utility be changed if you were to make other spending choices? Why/why not? I am not sure ...

### Microeconomics: Consumer Theory

If the MU per dollar spent on wings is greater than the MU per dollar spent on pizza, JP will spend that dollar on wings because it adds more to his TU than if he spent it on pizza, i.e., he’ll buy more wings and less pizza. Suppose that JP was consuming so that his MUp/Pp &...

### Indifference Curves

For each example below, draw a set of three indifference curves that represent the given preferences. Be certain to show the direction of increasing utility. Also write down a utility function that would be consistent with the given preferences and use that utility function ...

### STATISTIC

A study based on a sample of size 25 reported a mean of 94 with a margin of error of 15 for 95% confidence (a) Give the 95% confidence interval. (__________,________) (b) If you wanted 99% confidence for the same study, would your margin of error be greater than, equal to, or ...

### microeconomics

7. For each of the following situations, decide whether the bundle Lakshani is thinking about consuming is optimal or not. If it is not optimal, how could Lakshani improve her overall level of utility? That is, determine which good she should spend more on and which good ...

### microeconomics

Consider a competitive exchange economy with two agents(1&2)and two goods(X&Y). Agent 1's endowment of (X,Y) is (100,100)& agent 2's endowment of (X,Y) is (50,0).An allocation of agent i is denoted by (xi,yi)where xi is his allocation of X & yi is his allocation of Y.Agent1's ...

### microeconomics

I am having problems with a microeconomics assignment can u help me

### Calculus

In a poll of 400 voters in a certain state, 61% said that they opposed a voter ID bill that might hinder some legitimate voters from voting. The margin of error in the poll was reported as 4 percentage points (with a 95% degree of confidence). Which statement is correct? A. ...

### Cost accounting

(High-low method) Information about SnoCos’ utility cost for the last six months of 2008 follows. The high-low method will be used to develop a cost formula to predict 2009 utility charges, and the number of machine hours has been found to be an appropriate cost driver. Data...

### economics

Suppose a person has a utility function U=YX. What is the minimum level of income required to get a utility of 20? Your answer should be a function of, among other things, Px and Py.

### microeconomics

To what extent are the fundamental principles of microeconomics (like law of demand, law of substitution, consumer surplus etc )are applicable to macroeconomics?

### ECONOMICS

Need examples of topics dealing with 2 Economic Concepts.... Meaning .. Like Gas prices .. deals with supply and demand along with goods and services. Which two economic concepts? Please explain your question. I reposted Another post stating what exactly what i was looking for...

### Economics

What is more important to the consumer: Marginal utility or marginal utility per dollar and why

### Maths

A painting 40 cm long and 28 cm wide is painted on a cardboard such that there is a margin of 2 cm along each of its sides find total area of margin

### Finance

I did to get better clarification on how need to find the degree of operating leverage and how to calculate this, based on the information that I have - please help. I am not getting this piece..ty

### Microeconomics

I need help with question, we havent covered this topic yet and i wanted to push ahead. Thanks. 'Consumers maximise utility subject to a budget constraint. Firms maximise output subject to a cost constraint'. Outline how the analysis of the firm's behaviour in terms of ...

### Economics

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 times travel what will be the optimum number of busride and taxiride. If I understand your notation, bus fare costs 3 times a taxi fare. To maximize ...

### microeconomics

to what extent are the fundamental principles of microeconomics (like law of demand, law of substitution, consumer surplus etc.) are applicable to macroeconomcs? please anyone provide me the answer as soon as possible.

### math

THERE ARE ESTIMATES OF THE MARGIN OF ERROR FOR CONFIDENCE LEVELS OTHER THAN 95%. FOR A 90% CONFIDENCE LEVEL AND A SAMPLE SIZE N, THE MARGIN OF ERROR IS APPROXIMATELY 82/N%.SUPPOSE WE WISH TO HAVE A MARGIN OF ERROR OF 1% WITH A 90% CONFIDENCE LEVEL. APPROXIMATELY HOW MANY ...

### calculus

You are designing a rectangular poster to contain 256 in^2 of printing with a 3-in. margin at the top and bottom and a 2-in. margin at each side. What overall dimensions will minimize the amount of paper used?

### Calculas

Johnny is designing a rectangular poster to contain 15 in^2 of printing with a 5-in margin at the top and bottom and a 3-in margin at each side. What overall dimensions will minimize the amount of paper used?

### physics

Details and assumptions Note: Points ABCDE are labeled for easy reference if you need to use some combination of them in a solution. Request clarification or dispute Print this

### calculus

You are designing a rectangular poster to contain 256 in2 of printing with a 3-in. margin at the top and bottom and a 2-in. margin at each side. What overall dimensions will minimize the amount of paper used?

### Ranjeet Singh Model School

A painting 8cm long and 5 cm wide is painted on a cardboard such that there is a margin of 1.5cm along each of its side, find the total area of the margin.

### Psychology

I need help in developing an outline to explain the utility of social psychology within education so I can use as a guide to write a paper. I need to focus on both theory and application. PLEASE HELP!

### Economics

I have a question about the marginal utility theory If someone is at consumer equilibrium consuming normal goods, will an increase to income increase total utility consumption of goods? An increase in income will increase total utility as well as consumption of normal goods. ...

### Math -- Calculus

Some years from now you are working for a book publisher. Your boss asks you to give him a formula that will tell him the length and width of a book page that contains A square inches of printed text, a left margin of L inches, a right margin of R inches, a top margin of T ...

### economics

The owner-manager of Good Guys Enterprises obtains utility from income (profit) and from having the firms behave in a socially conscious manner, such as making charitable contributions or civic expenditures. Can you set up the problem and derive the optimization conditions if ...

### Economics

If utility is U(x,y) = x^0.3 y^0.7 (i.e x* = 0.3I/Px and y* = 0.7I/Py). What is the indirect utility function and expenditure function?

### Economics

If utility is U(x,y) = xy + y, what is the indirect utility function and expenditure function?

### Control systems

What is the gain margin and phase margin of this equation which represents transfer function of a unity feedback control system G(s)=(4(1+0.5s))Ã·(s (1+2s)(1+(s/20)+(s^2/8)))

### Organic chem

I just need some clarification regarding SN1 reactions Okay...so a reaction with a secondary ALKYL HALiDE + CH3OH (Methanal), why is the nucleophile CH3O? why doesn't it dissociate to give CH3 and OH?

A car (mass = 1140 kg) is traveling at 27.3 m/s when it collides head-on with a sport utility vehicle (mass = 2380 kg) traveling in the opposite direction. In the collision, the two vehicles come to a halt. At what speed was the sport utility vehicle traveling? I did 1140(27.3...

### precalculus

Use the Intermediate Value Theorem and a graphing utility to find intervals of length 1 in which the polynomial is guaranteed to have a zero. Use the root feature of a graphing utility to approximate the zeros of the function. h(x)=x^4-10x^2+2

### Economics

Why do people routinely stuff themselves at all-you-can-eat buffets? Explain in terms of both utility and demand theories. At any level, the marginal cost of take another bite at an all-you-can-eat place is zero. In terms of utility, a person should therefore consume until the...

### college Econ

Suppose Fred and Ethel need to divide 20 pizza slices and 10 cans of beverage. Fred's utility function is given by the equation U=Min(Z,B), where Z is the amount of pizza and B is the amount of beverage. Ethel's utility is given by the equation U=Min(1/2Z,B). What are the ...

### Calculus: need clarification to where the #'s go

A particle is moving along the curve y= 2 \sqrt{4 x + 4}. As the particle passes through the point (3, 8), its x-coordinate increases at a rate of 5 units per second. Find the rate of change of the distance from the particle to the origin at this instant. *I just need step by ...

### Economics

Suppose Fred and Ethel need to divide 20 pizza slices and 10 cans of beverage. Fred's utility function is given by the equation U=Min(Z,B), where Z is the amount of pizza and B is the amount of beverage. Ethel's utility is given by the equation U=Min(1/2Z,B). What are the ...

### geometry

A cable 22 feet long runs from the top of a utility pole to a point on the ground 15 feet from the base of the pole. How tall is the utility pole? - thanks!

### algebra

A cable 25 feet long runs from the top of a utility pole to a point on the ground 18 feet from the base of the pole. How tall is the utility pole?

### Free Enterprise

Is the definition of thinking at the margin basically saying if you don't have any specific numbers or the use of the one additional unit in the situation at hand, then it wouldn't be thinking at the margin?

### Accounting

Spencer Company manufactures and sells three products. Relevant per unit data concerning each product are given below. Product A B C Selling price $9$12 $14 Variable costs and expenses$3 $9.50$12 Machine hours to produce 2 1 2 Compute the contribution margin per unit of the...

### English

Hey guys, I was just wondering if you could help me find or explain to me media influence in the Hunger Games. I know this is a big part of the story, but I really need clarification. Thanks a lot guys!

### HELP! Statistics

Which of the following statements about the margin of error is false? 1. Statisticians routinely construct interval estimates by making their point estimate the interval center and creating a range of other possible values, known as the margin of error, below and above the ...

### Microeconomics

This is due Monday. I am not sure I am doing it correctly. Can someone help me out? Question: Assume that Jim is a rational customer who consumes only two goods, apples(A) and nuts(N). Assume also, that his marginal rate of substitution (MRS) of nuts for apples is given by the...

### Ethics in Criminal Justice

The rational, overriding principle promoted by utilitarianism is the: A. Greatest number principle. B. Greatest happiness principle. C. Greatest utility principle. D. None of the above. Now my textbook mentions two in this sentence: "The rational, overriding principle promoted...

### Aed

then i need help with this: about the utility of a single instructional practice across multiple learning styles

### Calculus

This is the question - you are designing a rectangular poster to contain 256 in^2 of printing with a 3 " margin at the top & bottom and a 2 " margin at each side. What overall dinmensions will minimize the amount of paper used? Round to the nearest whole inch if necessary.

### economics

apples cost £2 and pears cost £4. For John the marginal Utility (MU) of the last apple consumed was 4 and MU of pears was 12. For Paul MU of last apple was 3 and MU of last pear was 6. Which person is not maximising utility and how can you tell? What should they do?

### economics

1.. Suppose that U(x; y) = min(x; y) with px = 1 and py = 1. Describe and illustrate the income and substitution effects of an increase in the price of good y. What does this imply about a tax imposed on good y.. 2.. Let U(x; y) = 5x:8y:2 showing all derivation work, find: (a...

### mental factors

I don't really get mental factors of stress. I need more clarification of this and figure out its impact on living.

Are these correct? I mark my answer with an X. 88. The reason to list all of the preliminary (non-procedural) information in a lesson plan is to be sure have considered each aspect. keep good records for your future needs. be able to communicate clearly with administrators, ...

### Microeconomics

Is a technology that replaced workers worth developing? After all, it eliminates the need for human workforce?