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Question #2003012: Derivatives: General Problems

Question: Consider the problem of maximizing u (c, ?) subject to pc + w? = wT +Y, where the c is consumption, ? is leisure time, T is the total…

Question #2003013: Supply and Demand Theory

Question: Consider the problem of maximizing u= (x1 x2) ² subject to p1x1 + p2x2 = y. Derive the Marshallian demand functions and the indirect utility function; and confirm that…

Question #2003014: Other Economics Problems

Question: Consider a von Neumann-Morgenstern individual whose utility function is $$u=\ln \left( w \right)$$, where w is the wealth. Given that the individual faces the prospect of gaining or losing…

Question #2003015: Other Economics Problems

Question: Given that Arrow-Pratt measure of absolute risk-aversion is a constant, derive the corresponding form of the von Neumann-Morgenstern utility function. Solution: The solution consists of 105 words (1 page)Deliverables:…

Question #2003016: op. man.

Question: 16 A candidate for mayor in a small town has allocated \$40,000 for last-minute advertising in the days pre­ceding the election. Two types of ads will be used: radio…

Question #2003017: op. man.

Question: 19 MSA Computer Corporation manufactures two mod­els of minicomputers, the Alpha 4 and the beta 5. The firm employs five technicians, working 160 hours each per month, on its…

Question #2003018: op. man.

Question: 26 The seasonal yield of olives in a Piraeus, Greece, vineyard is greatly influenced by a process of branch pruning. If olive trees are pruned every two weeks, output…