subject
Business, 14.02.2020 19:37 princessvaeh2625

Question 2 Pluto has $100 to spend and his preferences are represented by the quasi-linear utility function U (2,m) = 10x-1/2x^2+m where x is the amount of pizza he eats and m is the amount of money he spends on other stuff. (a) What is Pluto's demand curve for pizza? (b) How much consumer surplus does Pluto get when the price of pizza is $5? Illustrate the calculation of consumer surplus with a diagram. (b) What is Pluto's utility if the price of pizza is $5? (c) Suppose that Pluto is uanble to purchase pizza. What is his utility? What is the gain in utility when he has the opportunity to buy pizza at a price of $5?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 15:40
Aprice control is: question 1 options: a)a tax on the sale of a good that controls the market price.b)an upper limit on the quantity of some good that can be bought or sold.c)a legal restriction on how high or low a price in a market may go.d)control of the price of a good by the firm that produces it.
Answers: 1
question
Business, 22.06.2019 18:10
Find the zeros of the polynomial 5 x square + 12 x + 7 by factorization method and verify the relation between zeros and coefficient of the polynomials
Answers: 1
question
Business, 22.06.2019 19:40
Anita has been named ceo of a popular sports apparel company. as ceo, she is tasked with setting the firm's corporate strategy. which of the following decisions is anita most likely to makea) whether to pursue a differentiation or cost leadership strategy b) which customer segments to target c) how to achieve the highest levels of customer satisfaction d) what range of products the firm should offer
Answers: 2
question
Business, 22.06.2019 22:20
Who owns a renter-occupied apartment? a. the government b. a landlord c. the resident d. a cooperative
Answers: 1
You know the right answer?
Question 2 Pluto has $100 to spend and his preferences are represented by the quasi-linear utility f...
Questions
question
Mathematics, 23.07.2020 17:01
question
Mathematics, 23.07.2020 17:01
question
Mathematics, 23.07.2020 17:01
question
Mathematics, 23.07.2020 17:01
question
Physics, 23.07.2020 17:01
Questions on the website: 13722363