【简答题】Ray Starr has the utility function U ( x , y ) = y /(100 - x ). a. Does Ray prefer more to less of both goods? b. Draw a diagram showing Ray’s indifference curves corresponding to the utility levels U...
【单选题】Just north of the town of Muskrat, Ontario, in Problem 35.1, is the town of Brass Monkey, population 8,000. Brass Monkey, like Muskrat, has a single public good, the town skating rink and a single pri...
【单选题】The price of X is $20 and the price of Y is $40. Based on the above graph, if U 1 is the highest level of utility the consumer can achieve, what is the consumer's income?
【单选题】Wanda Littlemore’s utility function is U ( x , y ) = x + 46 y - 2 y 2 . Her income is $135. If the price of x is $1 and the price of y is $18, how many units of good x will Wanda demand?