micro economics discussion question pls do it carefully and make sure they are right thank you dont need to explain the answer but need steps Requirements: short IntermediateMicroeconomicswithCalculusHW3(submitelectronicallyonblackboard)Choice,Labor,SavingPleasedrawgraphscarefullyandexplainyouranswerswhenthequestionasksforexplanation.1.DanactsasifhemaximizesU=2x+ygivenincomeY=6.Forthefollowingprices(a)Describealltheutilitymaximizingbundleswhenpx=2andpy=1(whatareallthecombinationsofxandythatmaximizeutility)(b)Describealltheutilitymaximizingbundleswhenpx=1andpy=1(whatareallthecombinationsofxandythatmaximizeutility)(c)Writethedemandfunctionforx(itwillbepiecewise)(d)Plotthedemandfunction(labelyourgraphbasedoninformationinthepreviouspartsofthequestion)2.Paulchoosespresentconsumptionandconsumptioninthefuturec1andc2asifhemaximizesU=c21c2.Paulfacesaninterestrateforsavingandborrowingr=0:1,presentincomeY1=100,futureincomeY2=50(andp1=1andp2=1-noin ation).(a)WritethebudgetconstraintforPaul(b)Writetheconsumptionlevelsc1andc2thatPaulchooses(c)(dicult)Writethebudgetconstraintwhenthereis20%in ation3.GregchoosesconsumptionandleisurecandlasifhemaximizesU=cl2.GreghasH=16hourstoallocatetolaborLandleisurel,Gregispaidanhourlywageofw=20andeachunitofconsumptioncostsp=1.(a)WritethebudgetconstraintforGreg(b)(dicult)Writethedemandfunctionforleisure(c)(dicult)Howdoesleisurechangewhenthewageincreases?Explain.(hint:writethebudgetconstraintinunitsofhours)4.MonicahaspreferencesthatcanberepresentedbyU=c`,hasH=16hoursinherdayandcanearnwagew=10perhour.Unitsofthecompositegoodccostpc=1.(a)WhatlevelofconsumptioncwillMonicachoose?(b)Ifthewagegoesuptow=20butthepriceofconsumptionincreasestopc=2isMonicabetterorworseo?1

micro economics question pls do it carefully and make sure they are right thank you dont need to explain the answer but need steps Requirements: short IntermediateMicroeconomicswithCalculusHW3(submitelectronicallyonblackboard)Choice,Labor,SavingPleasedrawgraphscarefullyandexplainyouranswerswhenthequestionasksforexplanation.1.DanactsasifhemaximizesU=2x+ygivenincomeY=6.Forthefollowingprices(a)Describealltheutilitymaximizingbundleswhenpx=2andpy=1(whatareallthecombinationsofxandythatmaximizeutility)(b)Describealltheutilitymaximizingbundleswhenpx=1andpy=1(whatareallthecombinationsofxandythatmaximizeutility)(c)Writethedemandfunctionforx(itwillbepiecewise)(d)Plotthedemandfunction(labelyourgraphbasedoninformationinthepreviouspartsofthequestion)2.Paulchoosespresentconsumptionandconsumptioninthefuturec1andc2asifhemaximizesU=c21c2.Paulfacesaninterestrateforsavingandborrowingr=0:1,presentincomeY1=100,futureincomeY2=50(andp1=1andp2=1-noin ation).(a)WritethebudgetconstraintforPaul(b)Writetheconsumptionlevelsc1andc2thatPaulchooses(c)(dicult)Writethebudgetconstraintwhenthereis20%in ation3.GregchoosesconsumptionandleisurecandlasifhemaximizesU=cl2.GreghasH=16hourstoallocatetolaborLandleisurel,Gregispaidanhourlywageofw=20andeachunitofconsumptioncostsp=1.(a)WritethebudgetconstraintforGreg(b)(dicult)Writethedemandfunctionforleisure(c)(dicult)Howdoesleisurechangewhenthewageincreases?Explain.(hint:writethebudgetconstraintinunitsofhours)4.MonicahaspreferencesthatcanberepresentedbyU=c`,hasH=16hoursinherdayandcanearnwagew=10perhour.Unitsofthecompositegoodccostpc=1.(a)WhatlevelofconsumptioncwillMonicachoose?(b)Ifthewagegoesuptow=20butthepriceofconsumptionincreasestopc=2isMonicabetterorworseo?1

Requirement: This is a continuous activity for part A, keep working on the same website you have chosen in part A. In this part you are required to evaluate one of the websites below based on what you learn from this course and your perspective. The evaluation will cover the […]

micro economics question Requirements: up to question Q1 Mohamed produces Toys in the perfectly competitive Toys market. Fill in the missing values in the following table: (5 marks) Suppose the equilibrium price in the Toys market is $30. How many Toys should Mohamed produce? How much profit will he make? […]

Mohamed produces Toys in the perfectly competitive Toys market. 1) Fill in the missing values in the following table: (5 marks) Output per week Total Cost FC VC AFC AVC ATC MC 0 $100 1 150 2 175 3 190 4 210 5 240 6 280 7 330 8 390 […]

Mohamed produces Toys in the perfectly competitive Toys market micro economics multi-part question General Instructions ? PLEASE READ THEM CAREFULLY The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. Assignments submitted through email will not be accepted. Students are advised to make their work clear and […]