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Mr. A has utility function U(x,y) = ln(x) + ln(y) and budget constraint M = px + qy, solve for the demand functions x* and y* ?

We want to maximize U(x,y) subject to  the constraint M = px + qy, where M is monetary income and p,q are the prices of x and y respectively. Since this is a constrained optimization problem we can use th...

Answered by Gian S. Economics tutor
4861 Views

There are 12 counters in a bag. There is an equal number of red counters, yellow counters and blue counters in the bag. There are no other counters in the bag. 3 counters are taken from the bag. Work out the probability of taking 3 red counters.

If there are 12 counters in a bag,each with colour either red, yellow or blue, we can say that the number of red counters, blue counters and yellow counters must add up to 12.R + B + Y = 12 ( R = No. of R...

Answered by Lewis B. Maths tutor
11978 Views

؛السنة الماضية سافرت الي بغداد مع اهلي لمدة اسبوعين؛ Answer Question in english. How long did she stay in Baghdad.

She stayed there for two weeks

Answered by Sara Z. Arabic tutor
2035 Views

Explain the formation of bays and headlands (6 marks)

Some areas of coast, such as the 90 kilometer Purbeck coastline on the South coast of England are known as discordant coastlines. This means they have bands of rocks with alternating resistance, in layers...

Answered by James S. Geography tutor
8603 Views

State assumptions made about the motion of the molecules in a gas in the derivation of the kinetic theory of gases equation.

The molecules move in random motion. Collisions of molecules with each other and with the walls are elastic (total kinetic energy stays constant). Time in contact is small compared with time between colli...

Answered by Marina J. Physics tutor
4214 Views

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