After the rotation of the budget line from red to blue Good X At point A, the MRS is greater than the oportunity cost of good Y At point A the MRS is less than the oportunity cost of good Y IC₂ IC Good Y
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- Pls help with below homework, dont copy paste from google.Explain, Why is the marginal utility curve declining with incresed consumpition of burgers?Price per arginal Utility Fron Current Consumption Product Unit $ 10 20 20 30 The table shows the marginal utite derived trom curent consumpton leves of three new products. A B and C at are being sold in the maet at the prces isted The contumer can imniediately gan the most extra total utity by winching spending from Mnple Choce ANE
- Tabie T Good Quantity 2017 prices 2018 prices 2019 prices A 10 1.750 KD 2.000 KD 1.750 KD В 20 2.000 KD 2.000 KD 2.000 KD 10 3.000 KD 3.500 KD 4.000 KD a. Calculate the cost of a bundle with 10 units of good A, 20 units of good B, and 10 units of good Z for 2017, 2018, and 2019 using the prices shown in the table 1. b. Then convert the results into an index for each year using 2017 as the base year. (Calculate total spending and price index for 2017, 2018 and 2019.) c. Calculate the percentage rate of change of the price level from 2018 to 2019 and from 2017 to 2018. d. Now suppose that the base year is 2019. Recalculate the price index for 2017, 2018, and 2019. e. Using the index with the 2019 base year, calculate the percentage rate of change of the price level from 2018 to 2019 and from 2017 to 2018.Andre has a salary of 1000. He spends his entire salary on shoes and beer. The cost far a pair of shoes is $15 and the cost for a can beer is $25. What is Andre's budget constraint?I need answer typing clear no chatgpt i will give 5 upvotes
- There are two approaches to determine profit maximizing level of output (1) total revenue - total cost approach and (ii) marginal revenue-marginal cost approach. In light of the marginal revenue-marginal cost approach and the following graph, at the profit-maximizing output, total profit is: MC MR ATC AVC DollarsI need answer clear typing urjent no chatgpt i will give 5 upvotesI need answer typing clear urjent no chatgpt i will give upvotes plz