A consumer has utility function U(x, y) = min{x, y}. She has $150 and the price of x and the price of y are both 1. The consumer is thinking of accepting a job in a different town, in which the price of x is 1 and the price of y is 2. Her income would remain the same. This consumer, who understands compensating and equivalent variation perfectly, is torn. While she is keen on the prospect of a move to the new town, which boasts a fine array of cultural activities for her family, she claims that, purely on the basis of her own preferences, having to move is as bad as a cut in pay of $X. She also claims she wouldn’t mind moving if when she moved she got a raise of $Y. What are the quantities $X and $Y equal to?

Which of the following best describes a fractional reserve banking system? a. a banking system in which a large portion of the bank's assets are digital money rather than bills and coins. b. a banking system in which banks keep a portion of deposits on hand to satisfy their customer's demands for withdrawals. c. a banking system in which banks have only partial control over the interest rates they charge on loans. d. a banking system in which net worth is calculated by subtracting a fraction of liabilities from assets. 2b2t

Josie just bought her first fish tank a 36 -gallon glass aquarium, which she’s been saving up for almost a year to buy. for josie, the fish tank is most likely what type of purchase

Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis.b)reject the null hypothesis and conclude the mean is higher than $6,000 per day.c)reject the null hypothesis and conclude the mean is lower than $6,000 per day.d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day.expert answer