1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nitella [24]
3 years ago
12

Jane receives utility from days spent traveling on va- cation domestically (D) and days spent traveling on vacation in a foreign

country (F), as given by the util- ity function U(D,F) = 10DF. In addition, the price of a day spent traveling domestically is $100, the price of a day spent traveling in a foreign country is $400, and Jane’s annual travel budget is $4000.
a. Illustrate the indifference curve associated with a utility of 800 and the indifference curve associated with a utility of 1200.
Business
1 answer:
sammy [17]3 years ago
7 0

Answer:

Explanation:

A point on U=800 is (5, 16)

From BL:

400*F+100D =4000

400*5+100*16 =3600<4000

Therefore u = 800 affordable.

U= 1200

F = 1200/10D

If D = 20

F = 1200/200

=6

Now from BL:

400*6+100*20= 2400+2000=4400>4000

Not affordable.

Maximization:

L = 10DF+ʎ[100*D+400*F – 4000]

Differentiating wrt D and F:

dL/dD = 10F + ʎ*100

dL/dF = 10D +ʎ*400

equating to zero;                      

ʎ= -F/10

ʎ=-D/40

equating the two:

F/10=D/40

D = 4F

From BL:

400*F+100*D = 4000

400F+100*4F = 4000

800F = 4000

F = 5

D = 4*5=20

You might be interested in
A special tax was levied by Downtown City to retire and pay interest on general obligation bonds that were issued to finance the
jonny [76]

Answer:

C. Debt Service Fund.

Explanation:

Dept service funds can be described as monies or reserves which are been used to pay for capitals, interest and certain dept that have accrued by the company and it can cover for any other form of dept owed by the company.

It's existence is put in place to reduce the risk of a debt security for future investors. This can be paid out monthly mid-monthly, quarterly or possibly yearly.

This why the tax on general obligation bonds that has been put upon Downtown city to finance the hall has it receipts in place at the dept service fund office.

5 0
3 years ago
Contact Process: What safety, cost, or other considerations prevent most industrial applications from using the most ideal condi
Margaret [11]
So here is the answer of the given question above:
In terms of economics, Harber's process takes a huge amount of capital. Initially, the process demands for a very high pressure and this is very expensive to produce. Second, the company would need to establish extremely sturdy pipes and containment vessels to endure the very high pressure, in order to produce this required condition; the building process is very costly as well as the maintenance. Hope this answer helps.
5 0
3 years ago
Volten Inc. is an apparel store. It has separate sections for casual wear, office wear, and party wear. It offers a broad select
yarga [219]

Answer:

The answer is: D) product user

Explanation:

Product user segmentation refers to the marketing practice of dividing potential customers into segments based on the characteristics they might share, for example: shared behavior, workplace, leisure activities, hobbies, etc.

Usually the better you know your customers, the better you can divide them into segments, although one single customer may apply to all of them.

4 0
3 years ago
One implication of goal-setting theory is that goals should be: set by top management. relatively easy to achieve. set at a leve
slavikrds [6]

Answer:

set through a process that involves all persons responsible for formulating and implementing the goals.

Explanation:

Goal setting theory states that when there are specific and challenging goals along with appropriate feedback, there will be better performance of tasks.

Goal setting is a continous process that is improved by feedback of all stakeholders.

In setting goals performance is improved when the people that implement and formulate the goals are involved.

This will result in higher buy in to the process since all interested parties set the goals together.

6 0
3 years ago
John told his sister Susan that money must be able to pass from hand to hand without being easily destroyed. John is describing
WITCHER [35]

Answer:

B) Durable

<u>Multiple-choices</u>

A) Portable                                                                                                                                                                                                                                                    B) Durable

C) Divisible

D) Acceptable

Explanation:

Durability is a vital feature of money. It refers to the ability of money to be used over and over again. Durability implies that money should withstand wear and tear for a long duration. Because money is meant to circulate without limitations, it should be made to last for a considerable period.  Printing of money is an expense. To save on this cost, both notes and coins should be made durable.

4 0
3 years ago
Other questions:
  • The rental income generated by a lease can depend significantly on the proportion of property-level operating expenses paid by t
    12·1 answer
  • Need Help ASAP!!!
    15·1 answer
  • Wythe is trying to decide whether he wants to purchase shares in General Motors, Ford, or Honda, all of which are auto manufactu
    5·1 answer
  • The project title should
    14·1 answer
  • Suppose your firm develops a new pharmaceutical product that may be used to reduce blood cholesterol levels, so the firm is the
    8·1 answer
  • Making tax-deferred deposits into a retirement account means that the funds are
    13·1 answer
  • Which of the following are established by ASC 280 as "enterprisewide disclosure" standards to provide more information about the
    6·1 answer
  • A company is considering two investment projects. If they use the total project approach and the differential approach, both app
    14·2 answers
  • how come when i click on " New chats " on my Xbox .. it's not working? like when i click it , it's nothing popping up or whateve
    8·1 answer
  • 3. Who was the first customer of mcdonald's and what was ordered?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!