## Question

###### Peter has a utility function U(x, y) = min {2x, y}. The price of good x...

Peter has a utility function U(x, y) = min {2x, y}. The price of good x is $5, and the price of good y is $10. If Peter's income is $200, how many units of good y would he consume if he chose the bundle that maximizes his utility subject to his budget constraint?

## Answers

#### Similar Solved Questions

1 answers

##### If an organism expresses a recessive phenotype can you tell the genotype

if an organism expresses a recessive phenotype can you tell the genotype? Explain your answer by giving an example. i cant understand how or what a good example is. please help thanks...

1 answers

##### You're driving down the highway late one night at 20m/s when a deer steps onto the...

You're driving down the highway late one night at 20m/s when a deer steps onto the road 57 m in front of you. Your reaction time before stepping on the brakes is 0.50s, and the maximum deceleration of your car is 10m/s2. What is the maximum speed you could have and still not hit the deer?...

1 answers

##### Please show work Answer shown below Problem 10: Use the moment-distribution method to find the member...

Please show work Answer shown below Problem 10: Use the moment-distribution method to find the member end moments for the beam shown below. EI-constant. Draw free body diagrams of both members with the final member end moments (do not calculate member end shears) 18 k 2 k/ft Problem 10: М&#...

1 answers

##### Ssion-Practice&courseContextID=4997899&cont CK-12 Linear Regression 2/10 Prof. Johnson finds that his scatter plot of number of books...

ssion-Practice&courseContextID=4997899&cont CK-12 Linear Regression 2/10 Prof. Johnson finds that his scatter plot of number of books sold by a store (z) vs. advertisement costs (y) has a line of best fit with the equation y10 What does this line predict for the advertisement costs for selli...

1 answers

##### How to write a letter fo resident at nursing home A little bit about yourself Where...

how to write a letter fo resident at nursing home A little bit about yourself Where you attend school A cheerful sentiment or quote...

1 answers

##### Problem 10-2 Bond Yields (LO1, CFA2) Rolling Company bonds have a coupon rate of 6.60 percent,...

Problem 10-2 Bond Yields (LO1, CFA2) Rolling Company bonds have a coupon rate of 6.60 percent, 23 years to maturity, and a current price of $1,216. What is the YTM? The current yield? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Answer is com...

1 answers

##### What is the undiscounted cash flow in the final year of an investment, assuming: $10,000 after-tax...

What is the undiscounted cash flow in the final year of an investment, assuming: $10,000 after-tax cash flows from operations, the fully depreciated machine is sold for $1,000, the project had required $2,000 in additional working capital, and a 35% tax rate?...

1 answers

##### 1. (20 points) Create a MATLAB script called Optim_Name.m that graphically identifies the optimum of the...

1. (20 points) Create a MATLAB script called Optim_Name.m that graphically identifies the optimum of the function below. 1-5G f(G) = (7G3 – G) el 2) Evaluate from G=0.5 to 4. Use the min fx (not the max!) to find the optimum G. Use the plot fx to display the graph of the function within the ra...

1 answers

##### Figure: Short-Run Costs Cost curves (dollars) $200 150 100 50 0 1 2 3 45 6...

Figure: Short-Run Costs Cost curves (dollars) $200 150 100 50 0 1 2 3 45 6 7 8910 11 Quantity of output (per day) Reference: Ref 6-14 Figure: Short-Run Costs) A is thecost curve. A. total B. marginal C. average variable D. average total...

1 answers

##### Chem 241 Worksheet for chapters 7,8,9 Name Date Write answers in full sentences. Show all calculations...

Chem 241 Worksheet for chapters 7,8,9 Name Date Write answers in full sentences. Show all calculations and other work used to solve the problems. pts) Give the mechanistic symbol OR symbols (Sul, SA2, EI, E2) that are most consistent with each of the following statements: A) Hydride shifts are most ...

1 answers

##### Choose the cis-elements. Click on the cis regulatory elements only. Control of eukaryotic gene expression (gene...

Choose the cis-elements. Click on the cis regulatory elements only. Control of eukaryotic gene expression (gene control) can occur at multiple levels from DNA accessibility to post-translational changes to polypeptides/proteins. Silencers, repressors, transcription factors, activators, enhancers, in...

1 answers

##### Suppose a perfectly Competitive firms minimum average variable cost is $1 when it produces 50. If...

Suppose a perfectly Competitive firms minimum average variable cost is $1 when it produces 50. If the price is $2 and the firm's marginal cost is $2 the firm should Continue to produce, but produce less than 50 Continue to operate, but produce more than 50 Shut down Continue to produce 50 To m...

1 answers

##### Problem 2. (Optimal policy) Suppose the Phillips curve of an economy is given by Also suppose the...

Problem 2. (Optimal policy) Suppose the Phillips curve of an economy is given by Also suppose the objective of the policymaker is to minimize the loss function L given by In this question we are going to evaluate a variety of policy rules the policymaker can implement. (a) If the policymaker commits...

1 answers

##### Which of the following statements is true? Select one: O a. The determination of whether a...

Which of the following statements is true? Select one: O a. The determination of whether a taxpayer is subjust to underpayment payments is made on a quarterly basis. O b. All of these statements are true. O c. For 2020 the due dates for estimated taxes will be April 15, 2020, June 15, 2020, Septembe...

1 answers

##### Required Information Exercise 4-47 and 4-48 (Algo) (LO 4-4) [The following information applies to the questions...

Required Information Exercise 4-47 and 4-48 (Algo) (LO 4-4) [The following information applies to the questions displayed below) Mel's Meals 2 Go purchases cookles that it includes in the 10,000 box lunches it prepares and sells annually. Mel's kitchen and adjoining meeting room operate at 7...

1 answers

##### Problem 5-24 (LO 5-7) On January 1, 2018, Ackerman sold equipment to Brannigan (a wholly owned...

Problem 5-24 (LO 5-7) On January 1, 2018, Ackerman sold equipment to Brannigan (a wholly owned subsidiary) for $210,000 In cash. The equipment had originally cost $189,000 but had a book value of only $115,500 when transferred. On that date, the equipment had a five-year remaining life. Depreciation...

1 answers

##### About how long will it take for a 3000 mu F capacitor to charge to 95%...

About how long will it take for a 3000 mu F capacitor to charge to 95% of its maximum potential difference when it is connected in series to a 6,000 ohm resistor as in figure 1? Show how you arrived at your answer....

1 answers

##### Small sample Issues In this section, we consider the case where we have a small sample, but still wish to either λ , pr...

Small sample Issues In this section, we consider the case where we have a small sample, but still wish to either λ , provide a range for it, or perform a hypothesis test. Here we consider the scenario in the first section, where we haven-10 observations ,X,-12 X,, ,X, such that Select all tru...