The question is:
In each of the following examples, a consumer purchases just two goods: x and y. Based on the information in each of the following parts, sketch a plausible set of indifference curves (that is, draw at least two curves on a set of labeled axes, and indicate the direction of higher utility). Also, writedown a utility function u(x, y) consistent with your graph. Note that although all these preferences should be assumed to be complete and transitive (as required for utility representation), not all will be monotone.
(a) Jessica enjoys bagels x and coffee y, and consuming more of one makes consuming the other more enjoyable.
(b) Plamen loves mocha swirl ice cream x, but he hates mushrooms y.
(c) Jennifer likes Cheerios x, and neither likes nor dislikes Frosted Flakes y.
(d) Edward always buys three white tank tops x for every pair of jeans y.
(e) Nancy likes both peanut butter x and jelly y, and always gets the same additional satisfaction from an ounce of peanut butter as she does from two ounces of jelly.
Step-by-step explanation:
The utility functions consistent with the graphs are:
(a) u(x, y) = xy
(b) u(x, y) = x - y
(c) u(x, y) = x
(d) u(x, y) = min(x, 3y)
See attachments for the graphs.
Answer:
I believe it is B
Step-by-step explanation:
Im not good at explaing, but if you move forward three units and up 6, then draw a point, then go forward to 5 units and down to one unit and connect those dots, the line would be going down to the right
The general formula for the sides of right triangle is
a² + b² = c²
Subtitute the equation of a and b to the formula a² + b², evaluate if the answer will be the same as the equation of c²
a² + b²
= (m² - n²)² + (2mn)²
= (m² - n²)(m² - n²) + (2mn)(2mn)
= (m⁴ - 2m²n² + n⁴) + 4m²n²
= m⁴ + 2m²n² + n⁴
Factorize the result
m⁴ + 2m²n² + n⁴
= (m² + n²)(m² + n²)
= (m² + n²)²
= c²
It's proven by the formula that c² = (m² + n²)²
so the c will be m² + n²
Answer:
5 Cars
Step-by-step explanation:
Let the number of cars to be sold to make the total pay equal be x.
The first company pays a salary of $12,500 plus commission of $1500 for each car sold.
- Algebraically written as: 12500+1500x
The second company pays a salary of $17,500 plus a commission of $500 per car sold.
- Algebraically written as: 17500+500x
Equating both sides
12500+1500x=17500+500x
Collect like terms
1500x-500x=17500-12500
1000x=5000
Divide both sides by 1000
x=5
Therefore, when 5 cars are sold, the total pay would be the same.