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zhannawk [14.2K]
3 years ago
11

Andy's two nephews want to travel to Philadelphia with him to see a show. Andy has two free plane tickets and three tickets to t

he show. Which of the following best describes the two plane tickets?
A long-term benefit
A scarce resource
A short-term cost
An opportunity cost
Business
1 answer:
sleet_krkn [62]3 years ago
3 0
A scarce resource.....
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Solution :

U(A, B) = 5A + 2B

a). Bundles (40, 5) = U ( _____ , 2), lie on the same indifference curve. Suppose missing numbers is x.

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Therefore, (41.2, 2)

b). $MRS_{BA} = \frac{MU_B}{MU_A}$

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So Alexander  has 40 apples and 5 bananas with this bundle. Alexander would like to give up 0.4 unit apples for a banana.

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Answer:

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7 0
3 years ago
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