【单选题】Suppose the demand for good X is given by Qdx= 23 - 7Px + 2Py + M. The price of good X is $6, the price of good Y is $9, and income is $120. Given these prices and income, how much of good X will be p...
【单选题】Yoram's utility function is U (x; y)=2x + 5y. The price of x is $4 and the price of y is $15. Yoram has $150 a week to spend on x and y. Yoram is offered a chance to join a club of y-consumers. If he ...
【单选题】A competitive firm produces output using three fixed factors and one variable factor. The firm's short run production function is q=163x-2x 2 , where x is the amount of variable factor used. The price...