Ambrose's brother Bartholomew has an income of $109 and a utility function U(x1,x2) 32x1/21 +x2.The price of good 1 (nuts)is $4 and the price of good 2 (berries)is $1.How many units of nuts will Bartholomew demand?

A) 12 B) 26 C) 14 D) 16 E) 30 A) 12 B) 26 C) 14 D) 16 E) 30

Ambrose's brother Anthony has an income of $95 and a utility function U(x1,x2)=40x1/21+x2.The price of good 1(nuts)is $5 and the price of good 2(berries)is $1.How many units of berries will Augustine demand?

A) 22 B) 30 C) 15 D) 16 E) There is not enough information to determine the answer. A) 22 B) 30 C) 15 D) 16 E) There is not enough information to determine the answer.

Ambrose's brother Augustine has an income of $105 and a utility function U(x1,x2)= 40x1/21 +x2.The price of good 1 (nuts)is $5 and the price of good 2 (berries)is $1.How many units of nuts will Augustine demand?

A) 12 B) 16 C) 14 D) 26 E) 30 A) 12 B) 16 C) 14 D) 26 E) 30

Ambrose's brother Bartholomew has an income of $114 and a utility function U(x1,x2)32x1/21+ x2.The price of good 1 (nuts)is $4 and the price of good 2 (berries)is $1.How many units of nuts will Bartholomew demand?

A) 26 B) 14 C) 16 D) 12 E) 30 A) 26 B) 14 C) 16 D) 12 E) 30

Ambrose's brother Augustine has an income of $52 and a utility function U(x1,x2)=18x1/21 + x2.The price of good 1(nuts)is $3 and the price of good 2(berries)is $1.How many units of berries will Augustine demand?

A) 25 B) 9 C) 50 D) 15 E) There is not enough information to determine the answer. A) 25 B) 9 C) 50 D) 15 E) There is not enough information to determine the answer.

In Problem 13,where x is whips and y is leather jackets,if Kinko's utility function were U(x,y)=min,then if the price of whips were $20 and the price of leather jackets were $20,Kinko would demand

A) 3 times as many whips as leather jackets. B) 4 times as many leather jackets as whips. C) 2 times as many leather jackets as whips. D) 5 times as many whips as leather jackets. E) only leather jackets. A) 3 times as many whips as leather jackets. B) 4 times as many leather jackets as whips. C) 2 times as many leather jackets as whips. D) 5 times as many whips as leather jackets. E) only leather jackets.

Ambrose's brother Bartholomew has an income of $133 and a utility function U(x1,x2)=28x1/21 +x2.The price of good 1 (nuts)is $2 and the price of good 2 (berries)is $1.How many units of nuts will Bartholomew demand?

A) 45 B) 59 C) 47 D) 49 E) 96 A) 45 B) 59 C) 47 D) 49 E) 96

Exam 6:Demand-Part A

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In Problem 8,recall that Casper's utility function is 3x + y,where x is his consumption of cocoa and y is his consumption of cheese.If the total cost of x units of cocoa is x²,the price of cheese is $6,and Casper's income is $101,how many units of cocoa will he consume?

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Question 1

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In Problem 1,if Charlie's utility function were X ⁵_AX_B,the price of apples were p_A,the price of bananas were p_B,and his income were m,then Charlie's demand for apples would be

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Question 2

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In Problem 1,if Charlie's utility function were X ⁶_AX_B,if apples cost 90 cents each,and if bananas cost 10 cents each,Charlie's budget line would be tangent to one of his indifference curves whenever

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Question 3

Correct Answer:

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In Problem 1,if Charlie's utility function were X ²_AX_B,the price of apples were p_A,the price of bananas were p_B,and his income were m,then Charlie's demand for apples would be

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Question 4

In Problem 1,if Charlie's utility function were X ⁶_AX_B,if apples cost 40 cents each,and if bananas cost 10 cents each,Charlie's budget line would be tangent to one of his indifference curves whenever

(Multiple Choice)

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Question 5

In Problem 8,recall that Casper's utility function is 3x + y,where x is his consumption of cocoa and y is his consumption of cheese.If the total cost of x units of cocoa is x²,the price of cheese is $8,and Casper's income is $184,how many units of cocoa will he consume?

(Multiple Choice)

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Question 6

Ambrose's brother Bartholomew has an income of $109 and a utility function U(x₁,x₂) 32x^1/2₁ +x₂.The price of good 1 (nuts)is $4 and the price of good 2 (berries)is $1.How many units of nuts will Bartholomew demand?

(Multiple Choice)

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Question 7

Ambrose's brother Anthony has an income of $95 and a utility function U(x₁,x₂)=40x^1/2₁+x₂.The price of good 1(nuts)is $5 and the price of good 2(berries)is $1.How many units of berries will Augustine demand?

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Question 8

In Problem 6,recall that Miss Muffett insists on consuming 2 units of whey per unit of curds.If the price of curds is $5 and the price of whey is $4,then if Miss Muffett's income is m,her demand for curds will be

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Question 9

In Problem 6,recall that Miss Muffett insists on consuming 2 units of whey per unit of curds.If the price of curds is $5 and the price of whey is $2,then if Miss Muffett's income is m,her demand for curds will be

(Multiple Choice)

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Question 10

Ambrose's brother Augustine has an income of $105 and a utility function U(x₁,x₂)= 40x^1/2₁ +x₂.The price of good 1 (nuts)is $5 and the price of good 2 (berries)is $1.How many units of nuts will Augustine demand?

(Multiple Choice)

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Question 11

Ambrose's brother Bartholomew has an income of $114 and a utility function U(x₁,x₂)32x^1/2₁+ x₂.The price of good 1 (nuts)is $4 and the price of good 2 (berries)is $1.How many units of nuts will Bartholomew demand?

(Multiple Choice)

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Question 12

In Problem 1,if Charlie's utility function were X ³_AX_B,if apples cost 60 cents each,and if bananas cost 10 cents each,Charlie's budget line would be tangent to one of his indifference curves whenever

(Multiple Choice)

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Question 13

In Problem 1,if Charlie's utility function were X ⁵_AX_B,if apples cost 70 cents each,and if bananas cost 10 cents each,Charlie's budget line would be tangent to one of his indifference curves whenever

(Multiple Choice)

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Question 14

In Problem 8,recall that Casper's utility function is 3x +y,where x is his consumption of cocoa and y is his consumption of cheese.If the total cost of x units of cocoa is x²,the price of cheese is $4,and Casper's income is $51,how many units of cocoa will he consume?

(Multiple Choice)

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Question 15

In Problem 8,recall that Casper's utility function is 3x + y,where x is his consumption of cocoa and y is his consumption of cheese.If the total cost of x units of cocoa is x²,the price of cheese is $2,and Casper's income is $39,how many units of cocoa will he consume?

(Multiple Choice)

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Question 16

In Problem 6,recall that Miss Muffett insists on consuming 2 units of whey per unit of curds.If the price of curds is $4 and the price of whey is $4,then if Miss Muffett's income is m,her demand for curds will be

(Multiple Choice)

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Question 17

Ambrose's brother Augustine has an income of $52 and a utility function U(x₁,x₂)=18x^1/2₁ + x₂.The price of good 1(nuts)is $3 and the price of good 2(berries)is $1.How many units of berries will Augustine demand?

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Question 18

In Problem 13,where x is whips and y is leather jackets,if Kinko's utility function were U(x,y)=min<5x,3x +6y>,then if the price of whips were $20 and the price of leather jackets were $20,Kinko would demand

(Multiple Choice)

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Question 19

Ambrose's brother Bartholomew has an income of $133 and a utility function U(x₁,x₂)=28x^1/2₁ +x₂.The price of good 1 (nuts)is $2 and the price of good 2 (berries)is $1.How many units of nuts will Bartholomew demand?

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Question 20

Showing 1 - 20 of 36

Exam 6:Demand-Part A

In Problem 8,recall that Casper's utility function is 3x + y,where x is his consumption of cocoa and y is his consumption of cheese.If the total cost of x units of cocoa is x2,the price of cheese is $6,and Casper's income is $101,how many units of cocoa will he consume?

In Problem 1,if Charlie's utility function were X 5A XB,the price of apples were pA,the price of bananas were pB,and his income were m,then Charlie's demand for apples would be

In Problem 1,if Charlie's utility function were X 6A XB,if apples cost 90 cents each,and if bananas cost 10 cents each,Charlie's budget line would be tangent to one of his indifference curves whenever

In Problem 1,if Charlie's utility function were X 2A XB,the price of apples were pA,the price of bananas were pB,and his income were m,then Charlie's demand for apples would be

In Problem 1,if Charlie's utility function were X 6A XB,if apples cost 40 cents each,and if bananas cost 10 cents each,Charlie's budget line would be tangent to one of his indifference curves whenever

In Problem 8,recall that Casper's utility function is 3x + y,where x is his consumption of cocoa and y is his consumption of cheese.If the total cost of x units of cocoa is x2,the price of cheese is $8,and Casper's income is $184,how many units of cocoa will he consume?

Ambrose's brother Bartholomew has an income of $109 and a utility function U(x1,x2) 32x1/21 +x2.The price of good 1 (nuts)is $4 and the price of good 2 (berries)is $1.How many units of nuts will Bartholomew demand?

Ambrose's brother Anthony has an income of $95 and a utility function U(x1,x2)=40x1/21+x2.The price of good 1(nuts)is $5 and the price of good 2(berries)is $1.How many units of berries will Augustine demand?

In Problem 6,recall that Miss Muffett insists on consuming 2 units of whey per unit of curds.If the price of curds is $5 and the price of whey is $4,then if Miss Muffett's income is m,her demand for curds will be

In Problem 6,recall that Miss Muffett insists on consuming 2 units of whey per unit of curds.If the price of curds is $5 and the price of whey is $2,then if Miss Muffett's income is m,her demand for curds will be

Ambrose's brother Augustine has an income of $105 and a utility function U(x1,x2)= 40x1/21 +x2.The price of good 1 (nuts)is $5 and the price of good 2 (berries)is $1.How many units of nuts will Augustine demand?

Ambrose's brother Bartholomew has an income of $114 and a utility function U(x1,x2)32x1/21+ x2.The price of good 1 (nuts)is $4 and the price of good 2 (berries)is $1.How many units of nuts will Bartholomew demand?

In Problem 1,if Charlie's utility function were X 3A XB,if apples cost 60 cents each,and if bananas cost 10 cents each,Charlie's budget line would be tangent to one of his indifference curves whenever

In Problem 1,if Charlie's utility function were X 5A XB,if apples cost 70 cents each,and if bananas cost 10 cents each,Charlie's budget line would be tangent to one of his indifference curves whenever

In Problem 8,recall that Casper's utility function is 3x +y,where x is his consumption of cocoa and y is his consumption of cheese.If the total cost of x units of cocoa is x2,the price of cheese is $4,and Casper's income is $51,how many units of cocoa will he consume?

In Problem 8,recall that Casper's utility function is 3x + y,where x is his consumption of cocoa and y is his consumption of cheese.If the total cost of x units of cocoa is x2,the price of cheese is $2,and Casper's income is $39,how many units of cocoa will he consume?

In Problem 6,recall that Miss Muffett insists on consuming 2 units of whey per unit of curds.If the price of curds is $4 and the price of whey is $4,then if Miss Muffett's income is m,her demand for curds will be

Ambrose's brother Augustine has an income of $52 and a utility function U(x1,x2)=18x1/21 + x2.The price of good 1(nuts)is $3 and the price of good 2(berries)is $1.How many units of berries will Augustine demand?

In Problem 13,where x is whips and y is leather jackets,if Kinko's utility function were U(x,y)=min<5x,3x +6y>,then if the price of whips were $20 and the price of leather jackets were $20,Kinko would demand

Ambrose's brother Bartholomew has an income of $133 and a utility function U(x1,x2)=28x1/21 +x2.The price of good 1 (nuts)is $2 and the price of good 2 (berries)is $1.How many units of nuts will Bartholomew demand?

Revealed Preference-Part A

Revealed Preference-Part B

Slutsky Equation-Part A

Slutsky Equation-Part B

Buying and Selling-Part A

Buying and Selling-Part B

Intertemporal Choice-Part A

Intertemporal Choice-Part B

Asset Markets-Part A

Asset Markets-Part B

Uncertainty-Part A

Uncertainty-Part B

Risky Assets-Part A

Risky Assets-Part B

Consumers Surplus-Part A

Consumers Surplus-Part B

Market Demand-Part A

Market Demand-Part B

Equilibrium-Part A

Equilibrium-Part B

Auctions-Part A

Auctions-Part B

Technology-Part A

Technology-Part B

Profit Maximization-Part A

Profit Maximization-Part B

Cost Minimization-Part A

Cost Minimization-Part B

Cost Curves-Part A

Cost Curves-Part B

Firm Supply-Part A

Firm Supply-Part B

Industry Supply-Part A

Industry Supply-Part B

Monopoly-Part A

Monopoly-Part B

Monopoly Behavior-Part A

Monopoly Behavior-Part B

Factor Markets-Part A

Factor Markets-Part B

Oligopoly-Part A

Oligopoly-Part B

Game Theory-Part A

Game Theory-Part B

Game Applications-Part A

Game Applications-Part B

Behavioral Economics-Part A

Exchange-Part A

Exchange-Part B

Production-Part A

Production-Part B

Welfare-Part A

Welfare-Part B

Externalities-Part A

Externalities-Part B

Information Technology-Part A

Information Technology-Part B

Public Goods-Part A

Public Goods-Part B

In Problem 8,recall that Casper's utility function is 3x + y,where x is his consumption of cocoa and y is his consumption of cheese.If the total cost of x units of cocoa is x²,the price of cheese is $6,and Casper's income is $101,how many units of cocoa will he consume?

In Problem 1,if Charlie's utility function were X ⁵_AX_B,the price of apples were p_A,the price of bananas were p_B,and his income were m,then Charlie's demand for apples would be

In Problem 1,if Charlie's utility function were X ⁶_AX_B,if apples cost 90 cents each,and if bananas cost 10 cents each,Charlie's budget line would be tangent to one of his indifference curves whenever

In Problem 1,if Charlie's utility function were X ²_AX_B,the price of apples were p_A,the price of bananas were p_B,and his income were m,then Charlie's demand for apples would be

In Problem 1,if Charlie's utility function were X ⁶_AX_B,if apples cost 40 cents each,and if bananas cost 10 cents each,Charlie's budget line would be tangent to one of his indifference curves whenever

In Problem 8,recall that Casper's utility function is 3x + y,where x is his consumption of cocoa and y is his consumption of cheese.If the total cost of x units of cocoa is x²,the price of cheese is $8,and Casper's income is $184,how many units of cocoa will he consume?

Ambrose's brother Bartholomew has an income of $109 and a utility function U(x₁,x₂) 32x^1/2₁ +x₂.The price of good 1 (nuts)is $4 and the price of good 2 (berries)is $1.How many units of nuts will Bartholomew demand?

Ambrose's brother Anthony has an income of $95 and a utility function U(x₁,x₂)=40x^1/2₁+x₂.The price of good 1(nuts)is $5 and the price of good 2(berries)is $1.How many units of berries will Augustine demand?

Ambrose's brother Augustine has an income of $105 and a utility function U(x₁,x₂)= 40x^1/2₁ +x₂.The price of good 1 (nuts)is $5 and the price of good 2 (berries)is $1.How many units of nuts will Augustine demand?

Ambrose's brother Bartholomew has an income of $114 and a utility function U(x₁,x₂)32x^1/2₁+ x₂.The price of good 1 (nuts)is $4 and the price of good 2 (berries)is $1.How many units of nuts will Bartholomew demand?

In Problem 1,if Charlie's utility function were X ³_AX_B,if apples cost 60 cents each,and if bananas cost 10 cents each,Charlie's budget line would be tangent to one of his indifference curves whenever

In Problem 1,if Charlie's utility function were X ⁵_AX_B,if apples cost 70 cents each,and if bananas cost 10 cents each,Charlie's budget line would be tangent to one of his indifference curves whenever

In Problem 8,recall that Casper's utility function is 3x +y,where x is his consumption of cocoa and y is his consumption of cheese.If the total cost of x units of cocoa is x²,the price of cheese is $4,and Casper's income is $51,how many units of cocoa will he consume?

In Problem 8,recall that Casper's utility function is 3x + y,where x is his consumption of cocoa and y is his consumption of cheese.If the total cost of x units of cocoa is x²,the price of cheese is $2,and Casper's income is $39,how many units of cocoa will he consume?

Ambrose's brother Augustine has an income of $52 and a utility function U(x₁,x₂)=18x^1/2₁ + x₂.The price of good 1(nuts)is $3 and the price of good 2(berries)is $1.How many units of berries will Augustine demand?

Ambrose's brother Bartholomew has an income of $133 and a utility function U(x₁,x₂)=28x^1/2₁ +x₂.The price of good 1 (nuts)is $2 and the price of good 2 (berries)is $1.How many units of nuts will Bartholomew demand?