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motikmotik
2 years ago
12

Ricardo's utility depends on his consumption of good q1 and good q2, where the price of good q1 is initially $30 and the price o

f good q2 is $15. At the original prices, his compensated demand for good q1 is q1 = 39.583(p2/p1)0.4. The price of good q1increases from $30 to $60. At the new price. Ricardo's compensated demand for good q1 is q1= 26.114(p2/p1)0.4(i) What is Ricardo's compensating variation? Ricardo's compensating variation (CV) is CV =_____.(ii) What is Ricardo's equivalent variation? Ricardo's equivalent variation (EV) is EV =_____ .
Business
1 answer:
adelina 88 [10]2 years ago
8 0

Answer: 67

Explanation:

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Explanation:

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3 years ago
The manager of a bulk foods establishment sells a trail mix for $6 per pound and premium cashews for $12 per pound. The manager
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Answer:

70

Explanation:

12X+6(105-X)=105*10

12X+630-6X=1050

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X=420/6

So,

  • X=70 LBS. OF $12 CASHEWS IS USED.
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<u>PROOF: </u>

12*70+6*35=105*10

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1050=1050

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2 years ago
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solmaris [256]

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the difference between the price that sellers receive and the price that buyers pay, resulting from a subsidy government cheese.

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In Economics, subsidy can be defined as the amount of money or benefits such as tax reduction given by the government to sellers in order to sustain production and enable the buy to continuously purchase the product.

A subsidy wedge can be defined as the difference between the price that sellers receive and the price that buyers pay, resulting from a subsidy government cheese.

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3 years ago
Lisa is a tax accountant. she needs to enter many numbers. to enter these numbers, she should use the _____. numbers across the
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The answer in the space provided, the answer is the numeric keypad on the right side of the keyboard as this is what Lisa needs to use for she may be able to input as much as many numbers possible as this is one of her roles as an accountant.

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3 years ago
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