Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 399 Weeks Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 03 Mar 2018 My Price 9.00

consumption of ale and bread

Consider an economy in which two people, Dinah Mojo and Dynamo Joe, exchange two goods, ale and bread. Let p be the price of ale measured in bread.

a) Dinah’s utility function is

where aD and bD are her consumption of ale and bread, respectively. She is endowed with 10 loaves of bread but no ale. Find

i) Dinah’s budget constraint,

ii) her best attainable commodity bundle, and

iii) her excess demand for ale.

b) Joe’s utility function is

where aJ and bJ are his consumption of ale and bread, respectively. Joe has 18 pints of ale but no bread. Find

i) Joe’s budget constraint,

ii) his best attainable commodity bundle, and

iii) his excess demand for ale.

c) Let p be the price of ale measured in bread. Find the market-clearing value of p. Find the quantity of each good traded, and find each person’s actual consumption of ale and bread.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 03 Mar 2018 10:03 PM My Price 9.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------.Pl-----------eas-----------e p-----------ing----------- me----------- on-----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be-----------

Not Rated(0)