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
Katarina [22]
3 years ago
14

Suppose that the marginal utility of good Y = 2X2 and the marginal utility of good X = 4XY. What is the slope of the indifferenc

e curve when Y = 7 and X = 2? Assume that good X is on the horizontal axis and good Y is on the vertical axis.
Business
1 answer:
muminat3 years ago
8 0

Answer:

The slope of indifference curve is 7.

Explanation:

The marginal utility of good Y = 2X^2

The marginal utility of good X = 4XY

Given Y = 7

X = 2

The slope of the indifference curve is otherwise termed as the marginal rate of substitution. So, we can find the slope by dividing the marginal utility of Y by the marginal utility of X.

Slope = MUx / MUy

= 4XY / 2X^2

= 4Y / 2X

Now insert the value of X and Y.

= (4×7) / (2×2)

= 28/4

= 7  

Hence the slope of the indifference curve is 7.

You might be interested in
Question Workspace Productivity a. is nearly the same across countries, and so provides no help explaining differences in the st
laiz [17]

Answer:

The correct answer is letter "D": explains most of the differences in the standard of living across countries.

Explanation:

Productivity is an economic term that describes the relationship between output and inputs needed to produce those outputs. It measures effectiveness. The total production of a country given a period is calculated in its Gross Domestic Product (GDP).

When the GDP is divided by the total population of a country it is called GDP per capita which reflects the average expenditure of individuals. This metric allows having an idea of what the lifestyles of those people are. Usually, <em>smaller wealthy countries such as Switzerland have higher GDP per capita showing a better quality of life.</em>

6 0
3 years ago
Select the correct answer.
kati45 [8]

Answer:

Consumer Bill of Rights

Explanation:

5 0
3 years ago
It is most accurate to say that successful niche marketing relies on a firm's ________ and its ________.
Neporo4naja [7]

It is most accurate to say that successful niche marketing relies on a firm's Greater knowledge of customers need and its special reputation.

<h3>What is a marketing niche?</h3>

A niche has to do with the particular brand or the particular trade that a person that is focused on buying and selling does.

This is to say that the person that is focused here would be successful if they know what their customers demand from them and the ways that they can carry out their activities for a greater reputation. The niche has the brand of the business.

Read more on business niche here: brainly.com/question/1519816

#SPJ1

4 0
2 years ago
What is not the best speed control option to use when approaching a stale green traffic light? a. maintain speed b. apply brake
romanna [79]

Answer:

c

Explanation:

A stale green light is light that is about to turn yellow because it has been green for a while

Cover brake involves taking ones foot off the accelerator and hovering it over the brake pedal.

Cover brake is necessary when there is a stale green light in case there is a need to stop suddenly or reduce speed

6 0
3 years ago
"A leading environmental group recently published a report contending that humans are running a "resource deficit" because we ar
adelina 88 [10]

Answer:

c. disagree with the report, in part because it ignores the mitigating effects of technological change.

Explanation:

  • As the human is making use of most of the earth available resources they are running towards deficits as no country has self-sufficiency in terms of the land, labor and capital and natural resources and they are getting depleted at a much faster rate than could be generated.
  • Thereby resulting to rise in inflation and decline in the economic productivity growth while some of the economists disagree with the report ignores the impacts of  technologies.
4 0
3 years ago
Other questions:
  • Someone please help me!? :(
    14·1 answer
  • Quip Corporation wants to purchase a new machine for $300,000. Management predicts that the machine will produce sales of $200,0
    9·1 answer
  • The United States is experiencing a decline of the middle class. What does this trend imply for the future of organizations such
    11·1 answer
  • Labor and employers agreed to a new ""social contract"" that included all of the following provisions EXCEPT: a. employers exten
    13·1 answer
  • Q 8.14: The financial statements of the Imagine Company report net sales of $1,000,000 and accounts receivable of $700,000 and $
    8·1 answer
  • Assume that a Parent owns 80 percent of a Subsidiary that has 6 percent preferred stock outstanding with a reported par value of
    11·1 answer
  • Depreciation represents the loss in a fixed asset's value due to aging. __________ appears on the income statement and represent
    5·1 answer
  • A process has low fixed costs and high variable costs. It is currently capacity-constrained. Will the impact of an efficiency im
    6·1 answer
  • Subway, the sandwich shop, is run by Jim, Tim and Kim. When a customer arrives, Jim spends 5 minutes taking order from the custo
    12·1 answer
  • Are schools officials immune from being sued?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!