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:
Identity; conditional
Explanation:
Identity functions are functions that returns the SAME value which was used in its argument. In this case, f(x) = g(x). Therefore f(x) = g(x) = x.
Conditional functions are conditions that evaluates the condition and returns DIFFERENT values all depending on the condition value. That is, in this case, f(x) is not equal to g(x) for every x domain.
So, while identity functions returns the same value, conditional functions returns different functions.
BANK A:
5,000*0.03*5=750
BANK B:
5,000*0.025*6=750
They are the same
Answer:
Step-by-step explanation:
Y= 5/2x+5. :D
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