Answer:
a) 3X + 2Y = 36
b) X = 6 , Y = 9
c) 27
Explanation:
Individual consumes : X and Y
Spends : $36 per time period
unit cost : $3 per unit for X
$2 per unit for Y
utility function : U( X, Y ) = .5XY
<u>A) Budget equation mathematically</u>
X* Px + Y* Py = M
3X + 2Y = 36
Px and Py = unit cost for X and Y
M = Total spent ( revenue )
<u>b) Values of X and Y that will maximize utility </u>
Maximum utility ( MRS ) = Px / Py ,
MRS = MUx / MUy
= Y/X = 3/2
∴ 2Y = 3X
From BC : 6X = 36 ( X = 6 plug into mathematically equation above )
∴ X = 6 , hence Y = 9
<u>c) Total utility generated per unit of time </u>
U( X,Y ) = .5XY
= 0.5 * 6 * 9 = 27
Answer:
D
Explanation:
A municipal bond is a debt instrument issued by a state or municipality to finance its capital expenditures.
Municipal bonds are usually exempt from federal income tax. This makes these bonds attractive to individuals with a high income tax bracket
If tax rate increases, investors would prefer to invest more in municipal bonds because it is exempt from tax. The increase in demand for these bonds would lead to decrease in its interest rate.
Due to tax exemption, the interest rate on municipal bonds is lower than on comparable bonds
<em><u>Types of municipal bonds</u></em>
- General obligation bonds : these bonds are not secured by any form of asset. Instead they are backed up by the credit worthiness of the issuer.
- Revenue bonds : these bonds are secured by revenue from a particular project. e.g. revenue from highway tolls
Answer:
.035≤x≤0.045
Explanation:
Let x= the actual measurement.
|actual − ideal|≤ tolerance
Use an absolute value inequality to express this situation.
|x−0.04|≤0.005
Rewrite as a compound inequality.
−0.005≤x−0.04≤0.005
Solve the inequality.
0.035≤x≤0.045
Answer the question. The tortillas will have a maximum thickness of 0.045 inch and a minimum thickness of 0.035 inch.
(.) loss of $6,000
<h3>What is Short-run?</h3>
Short-term production is the only kind of production that happens in real-time. Businesses typically concentrate their decisions on operational issues, which are described as specific decisions made to manage the day-to-day operations of the organization. Businesses are constrained by a variety of factors, including personnel, infrastructure, skill sets, and technology. Decisions, therefore, reflect how to maximize output in light of these constraints. Increases and decreases in variable factors are the only things that can have an immediate impact on the output produced by businesses. They might alter factors like labor and raw supplies. Since they are still in the beginning stages of production, they are unable to adjust permanent elements like buildings, rent, and know-how.
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In ICS, the member of the command staff assume the title of OFFICER. Incident Command System [ICS] is the model tool for command, control and coordination of a response and provides a mean to coordinate the efforts of individual agencies as they work together toward achieving the common goal of stabilizing the incident and protecting lives, properties and the environment.
