1 answer

Suppose Cole buys food (X) and clothing (Y) with his income of $500 per month. The prices

that Cole faces in month one are $2 per unit of food and $4 per unit of clothing. His utility-maximizing

choice is 100 food units and 75 clothing units. His preferences are convex.

Now assume that in month two, Cole's income increases by 11% to $555, the price of food increases by 5%

to $2.10, and the price of clothing increases by 15% to $4.60. Use an indifference curve-budget line

analysis to identify his choices in month one and month two. Put food on the horizontal axis and clothing

on the vertical axis. Clearly identify Cole's optimal choice in month two as (X**, Y**). (Note that you do

not have enough information to give a numerical answer for Cole’s month two choice.)

Assuming that his preferences have not changed, have the price changes made Cole better off or worse off

in month two compared to month one? Explain.

1 answer
#####
Mr. Smith wants to take the highest depreciation. He acquired machinery on on 01/01/2018 for $2,950,000...

Mr. Smith wants to take the highest depreciation. He acquired machinery on on 01/01/2018 for $2,950,000 2,950,000 Cost Section 179 Basis Bonus 2,950,000 1,020,000 Total Dep 1,930,000 1,930,000 Sheet1 х a e...

1 answer
#####
The diffuser in a jet engine is designed to decrease the kinetic energy of the air...

The diffuser in a jet engine is designed to decrease the kinetic energy of the air entering the engine compressor without any work or heat interactions. Calculate the velocity at the exit of a diffuser when air at 100 kPa and 30°C enters it with a velocity of 358 m/s and the exit state is 200 kP...

1 answer
#####
Research question- will treating alzheimers early onset before 30years help the prevention of alzheimers later on??...

research question- will treating alzheimers early onset before 30years help the prevention of alzheimers later on?? why? how? or why not? statistics would help too!!...

1 answer
#####
How do you find the domain and range of #f(x)= (3x-1)/((x+3)(x-1))#?

How do you find the domain and range of #f(x)= (3x-1)/((x+3)(x-1))#?...

1 answer
#####
How do you simplify #f(theta)=csc2theta-cos4theta-3cot2theta# to trigonometric functions of a unit #theta#?

How do you simplify #f(theta)=csc2theta-cos4theta-3cot2theta# to trigonometric functions of a unit #theta#?...

1 answer
#####
The random variables Y1 and Y2 follow the bivariate normal distribution in (2.74). Show that if...

The random variables Y1 and Y2 follow the bivariate normal distribution in (2.74). Show that if 12 = 0, Y1, and Y2 are independent random variables. We were unable to transcribe this imageexp1 21 Pí2 (2.74) 2p12 σ2 σ2...

1 answer
#####
4. Jennifer Collins, 13 years old, is admited to the pediatric floor with a diagnosis of...

4. Jennifer Collins, 13 years old, is admited to the pediatric floor with a diagnosis of probable acute rheumatic fever. (Learning Objectives 2, 4, 6, 7, and 8) A. What would the nurse include when performing an initial assessment? B. What tests would the nurse expect to be done on Jennifer? The dia...

1 answer
#####
The following table contains cholesterol levels collected from non-smoking males. The before cholesterol level is before...

The following table contains cholesterol levels collected from non-smoking males. The before cholesterol level is before they exercised, and the after cholesterol level was taken after the same subject regularly exercised for two months. It is claimed that the mean cholesterol level before exercise ...

1 answer
#####
Draw the structures of 1-chlorohexane and 1-chloro-4-methylpentane in your lab notebook and note the following: •...

Draw the structures of 1-chlorohexane and 1-chloro-4-methylpentane in your lab notebook and note the following: • The total number of H atoms in each molecule. • The total number of C atoms in each molecule. • The number of different types of H atoms in each molecule. • The numbe...

2 answers
#####
The ultimate task of all the explorations launched by the Europeans from the fourteenth century onward was

The ultimate task of all the explorations launched by the Europeans from the fourteenth century onward was? A. finding a sea link between Europe and the wealthy civilizations of Asia. B. establishing European political dominion over all of Asia. C. perfecting European knowledge of navigation...

1 answer
#####
One strategy to avoid prize scams from telemarketers is to: Group of answer choices never give...

One strategy to avoid prize scams from telemarketers is to: Group of answer choices never give your credit card number out over the phone unless you initiated the phone call. never pay anything to receive a free prize and never give your credit card number out over the phone unless you initiated the...

1 answer
#####
DISSONANCE BETWEEN EMPLOYEES Matt created his T-shirt business, T’d up, 30 years ago, building the company...

DISSONANCE BETWEEN EMPLOYEES Matt created his T-shirt business, T’d up, 30 years ago, building the company up from a small, no-name brand that he ran out of his parents’ garage while he was in school into a well-known local company that supplies custom T-shirts and other clothing and acc...

1 answer
#####
Please help 14. Using FMO theory, determine whether the cycloaddition drawn is symmetry-allowed or symmetry forbidden....

please help 14. Using FMO theory, determine whether the cycloaddition drawn is symmetry-allowed or symmetry forbidden. Show all work including molecular orbital interactions. Hint: Draw the LUMO of the allylic cabocation and the HOMO of 1,3-butadiene. + (CH₂ Н.С -CH₂...

1 answer
#####
.05 03 ,01 3.4 0002 0003 0003 0003 0003 0003 0003 0003 0003 0003 -3.30003 00040004...

.05 03 ,01 3.4 0002 0003 0003 0003 0003 0003 0003 0003 0003 0003 -3.30003 00040004 0004 0004 0004 0004 0005 0005 .0005 -3.20005 00 0005 0006 0006 0006 0006 0006 0007 0007 -3.10007 0007 0008 0008 0008 0008 .0009 0009 0009 .0010 -3.00010 0010 001 001 0012 0012 0013 0013 .0013 2.90014 0014 .0015 0015 ....

1 answer
#####
Support Services List 3 (three) resources and support services available for clients and their families with...

Support Services List 3 (three) resources and support services available for clients and their families with chronic diseases....

1 answer
#####
Saved points QUESTION 2 Which of the following defines gross profit? a. The amount remaining from...

Saved points QUESTION 2 Which of the following defines gross profit? a. The amount remaining from the sales value after deducting interest expense. b. The amount remaining from the sales value after deducting overhead costs c. The amount remaining from the sales value after deducting the cost of goo...

1 answer
#####
1. HIOs are managed by a ONC b. State agencies c. Private EHR vendors d. Public-private...

1. HIOs are managed by a ONC b. State agencies c. Private EHR vendors d. Public-private partnerships Which of the following was a precursor to today's HIO? , a. HIM b. RHIO c. HIE d. ePHI 3. What is the fourth stage in the following sequence of events: data, information, knowledge, and a. Behavi...

1 answer
#####
Problem 1: (10 points) In the following circuit use Nodal Analysis or Mesh Analysis to find...

Problem 1: (10 points) In the following circuit use Nodal Analysis or Mesh Analysis to find the voltage across R1 and R3 R2 2 kS2 10 mA 21 V...