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
Ilya [14]
4 years ago
13

Suppose Lisa's utility function is 4XY, where X is the consumption of beer and Y is consumption of pizza. For this utility funct

ion, the marginal utility of X is given by MUX=4Y, and the marginal utility of Y is given by MUY=4X .
a. Suppose Lisa wants to obtain a utility level of 48 utils. For each of the following, calculate the consumption of pizza (Y) that corresponds with the given consumption of beer (X) when U=48 .
i. Bundle 1: Beer = 2; Pizza = __________
ii. Bundle 2: Beer = 3; Pizza = __________
iii. Bundle 3: Beer = 4; Pizza = __________
iv. Bundle 4: Beer = 12; Pizza = ____________
Business
1 answer:
Evgesh-ka [11]4 years ago
3 0

Answer:

Bundle 1: Beer = 2; Pizza = 6

Bundle 2: Beer = 3; Pizza = 4

Bundle 3: Beer = 4; Pizza = 3

Bundle 4: Beer = 12; Pizza = 1

Explanation:

Given that;

Lisa utility function UF(X,Y) = 4XY

where;

X = beer

Y = Pizza

MU_X = 4Y

MU_Y = 4X

The utility level = 48

so, UF(X,Y) = 4XY

putting different values of X (i.e beer ) given to us in this equation, we can calculate the values of Y(i.e pizza) to fulfill the utility

So; when X (beer) = 2

48 = 4×2×Y

48 = 8Y

Y = 48/8

Y = 6

Thus, Bundle 1: Beer = 2; Pizza = 6

when X (beer) = 3

48 = 4×3×Y

48 = 12 Y

Y = 48/12

Y = 4

Thus; Bundle 2: Beer = 3; Pizza = 4

when X (beer) = 4

48 = 4×4×Y

48 = 16 Y

Y = 48/16

Y = 3

Thus; Bundle 3: Beer = 4; Pizza = 3

when X(beer) = 12

48 = 4×12×Y

48 = 48 Y

Y = 48/48

Y = 1

Thus; Bundle 4: Beer = 12; Pizza = 1

You might be interested in
Lenny loves physics and math. In which Energy career pathway would these interests be the most helpful?
Vilka [71]

Answer:

For t

Explanation:

it will be analysis

3 0
3 years ago
Read 2 more answers
Hurwitz and Padden formed a two-person law firm as a partnership without a written agreement. They shared all proceeds on a fift
AveGali [126]

Options:

a. not entitled to more than 50 percent of the profits, because the parties historically had divided the profits fifty-fifty.

b. not entitled to more than 50 percent of the profits, because it was appropriate to apply partnership principles to an LLC when there was no operating agreement.

c. entitled to more than 50 percent of the profits, because Hurwitz would be unjustly enriched if he received 50 percent of the profits.

d. entitled to more than 50 percent of the profits, because it was the parties' intent to compensate Padden to a greater extent than Hurwitz

Answer:

B

Explanation:

Since neither the partnership nor the limited liability company had any partnership agreement that stated how Hurwitz and Padden would share the profits generated by the business, then the general rule of partnerships should apply, i.e. profits and losses must be divided equally among all the partners.

6 0
4 years ago
The marketing director for Zap Games, a video game company, has informed his employees that he feels the company needs to improv
guapka [62]

Answer:

The correct answer is task.

Explanation:

The work environment is one of the most important elements for the proper functioning and growth of an organization. A positive work environment contributes to greater productivity and employee engagement. For this reason, it is extremely important that the work environment is adequate, pleasant and stimulating to achieve a motivated team of high productivity.

It is indisputable that the work environment is a key factor in work relationships, however, it is difficult to define it and to specify the characteristics that determine it. From the employee's point of view, the work environment is the set of conditions that contributes to achieving satisfaction in the workplace. From the perspective of the company, it can be defined as the sum of elements that influence the organizational climate, productivity and good performance of employees.

5 0
3 years ago
What do you call a specific Market group that wants, and can afford, your product
Archy [21]

Answer:

A target market I think

Explanation:

4 0
3 years ago
How can a manager use a value chain to improve a company?
navik [9.2K]

To improve a company's value chain, its value chain management team identifies each part of its production process and where improvements can be made. These improvements can either reduce costs or improve production capacity.

3 0
3 years ago
Other questions:
  • On January 1, JC Co. accepted a 60-day, 6%, note in the amount of $10,000 from a customer. On March 2, the due date of the note,
    5·1 answer
  • Three good indicators of just how well a company's present strategy is working are
    13·1 answer
  • A hairdresser installed basins , sinks, and chairs the rented space to conduct her business . These installments belong to: Sele
    5·1 answer
  • Producers of business products generally spend a larger percent on advertising than do producers of consumer products.
    5·1 answer
  • Charles Malone recently renewed his card membership
    6·1 answer
  • The approach to ethical behavior which proposes that actions and plans should be judged by their consequences, thus producing th
    9·1 answer
  • Without checking the facts, a broker who is the seller�s agent tells a buyer that the property taxes in a particular neighborhoo
    6·1 answer
  • Asdwawwwwwwwwwwwwwwdasdwa
    14·2 answers
  • Larry Ellison starts a company that manufactures high-end custom leather bags. He hires two employees. Each employee only begins
    5·1 answer
  • _____ refers to Federal Reserve decisions that shape the economy by influencing interest rates and the supply of cash.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!