Yes compund interest is always greater than simple interest
simple interest = principal
compound interest = principal + accumulated interest
Answer:
2 units of X and 5 units of Y
Step-by-step explanation:
(a) Utility is maximized when (MUx / Price of X) = (MUy / Price of Y)
This condition holds for the following cases
1. X = 4 (MUx / Px = 8 / 4 = 2) and Y = 6 (MUy / Px = 4 / 2 = 2)
2. X = 2 (MUx / Px = 16 / 4 = 4) and Y = 5 (MUy / Px = 8 / 2 = 4)
For the first case Total cost = 4 x $4 + 6 x $2 = $(16 + 12) = $28 (Budget is exceeded).
In the second scenario, Total cost = 2 x $4 + 5 x $2 = $(8 + 10) = $18 (budget is exhausted).
Optimal case contains X = 2 units, Y = 5 units.
Answer:
A. The approximate y intercept appears to be about 1.8 (slightly less than 2). What this tells us is that someone with 0 months of practice could expect to win around 1.8 games.
B. Using slope intercept form and assuming that the y intercept is at (0, 1.8), the equation can be solved for by finding the slope first and then putting the slope and the y intercept into the equation.
Slope (m):
points (0, 1.8) and (1, 3.0)
(Y2-y1)/(x2-x1)=(3.0-1.8)/(1-0)=1.2/1=1.2
Equation:
Y=mx+b
Y=1.2x+1.8
Step-by-step explanation: