首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Use the information in the table below to answer the following questions concerning a consumer’s choice between food and clothin
Use the information in the table below to answer the following questions concerning a consumer’s choice between food and clothin
admin
2011-01-15
64
问题
Use the information in the table below to answer the following questions concerning a consumer’s choice between food and clothing.
(a)Fill in the blanks that remain in the table.
(b)Let income=$130, Pf=$20, and Pc=$10. Does the market basket C=1 and F=6 satisfy the budget constraint? Could this be the utility maximizing market basket? If not, in which direction would the consumer like to reallocate his purchases (i. e., more food or more clothing)?
选项
答案
(a)[*] (b)Yes, 1×10+6×20=$130=income, so the budget constraint is satisfied with this market basket. However, this market basket could not be utility maximizing since (MUc/Pc)=6>(MUf/Pf)=4.5. The consumer can increase utility by spending more money on clothing.
解析
转载请注明原文地址:https://jikaoti.com/ti/5DpsFFFM
0
中级(经济学)
原金融专业英语(FECT)
金融英语(FECT)
相关试题推荐
What’stherelationshipbetweenthemanandthewoman?
Mr.Blackwasyoungandable.Thebosslikedhim.LastmonthhewassenttoChinaonbusiness.BeforehewentbackfromChina,h
OpenTime:9:00to17:00TuesdaysthroughSundays(salesstopat16:00)TicketPrices:FullPrice:RMB30;HalfPrice:RMB15
In1870srichpeoplebegantospeakofspendingweekendsinthecountryvisitingfriends.Formostpeoplebackthen,however,th
Mr.WongisasmallmanufacturerofbicyclesinHongKong.Hisbusinessincurredthefollowingcostsfortheyearended31Decem
Considerthefollowingdata:NominalGDPfor1994was$6550billion,ascomparedto$6250billionfor1993.TheGDPdeflatorfor
IfADshiftstotherighttoadapttooilshocksfromOPEC,then______.
Aproductionfunctionforafirmdescribes______.
Whatarethewarningsignalstopotentialbadloans?Explainthem.
Initialmarginsonfuturescontractsfunction______.
随机试题
与尔三矢,尔其无忘乃父之志!答案:
下列哪项不属于稳定骨折()
下列有关质量手册的管理内容错误的是
为了进一步提高上市公司的质量,中国证监会长期以来要求在股票发行工作中实行改制与发行上市同时进行的要求。()
下列属于判断投资理由是否充分的内容有()。
依据《中华人民共和国预防未成年人犯罪法》,下列选项中,学校应当及时与其父母或法定代表监护人取得联系的学生行为是()。
根据所给文字资料,回答91~95题2010年5月1日到10月31日,世博会在中国上海举行。自开幕以来,世博会的消费拉动效应初步显现。世博园区共有浦东和浦西两个片区,5月份的销售总额为4.13亿元,其中浦东片区的销售额占89.4%。园区5月份
2008年年末全国就业人员77480万人,比上年末增加490万人。其中,第一产业就业人员30654万人,占全国就业人员的39.6%;第二产业21109万人,占27.2%;第三产业25717万人,占33.2%。年末城镇就业人员30210万人,比上年末净增加8
Thatboysandgirls—andmenandwomen—areprogrammedbyevolutiontobehavedifferentlyfromoneanotherisnowwidelyaccepted.
DoSomethingtoImproveYourLifeⅠ.Wrongopinionstowardslife1)thewrongopinionsofpeople—havetoacceptwha
最新回复
(
0
)