Consider an economy with two agents, Amy and Becky, and two goods, x and y. Amy's utility function is U_A(x,y)=x_Ay_A, and Becky's utility function is U_B=\min\{4x_B,y_B\}. Amy and Becky's endowments are both \omega_A=\omega_B=(4,1). Suppose that the contract curve in this economy can be represented as y_A=mx_A. Find m.

Answers

Answer 1

Answer:

M=3

Explanation:

1. UA(x,y) = XAYA & Ug = min{3XB,YB} WA=WB=(3,1)

Now contract curve is locus of all Pareto efficient allocations,

Where

3XB_YB

XA + XB = X = 3+3=0

→ XB = 6 - X^

YA+YB = 1 + 1 = 2

YB = 2 - YA

Thus 3(6-XA) 2 - YA =

18-3XA-2+ YA = 0

➡16-3XA+ YA = 0

➡YA 3XA - 16 =

YA = 3XA

m = 3

as

So, if

then

2. UA(XA,YA) = 6XA+ YA & UB(XB, YB)= XB + 6YB

WA WB (10,10)

Core is locus of all pareto efficient allocations that make both individuals better off, as compared to these welfare level at endowment levels,

MRSA MUX/MUY = 6, MRSB-1/6 UA-6(10) + 10 = 70 = UB

Now, min XA is such that Uª> 70

➡ 6XA + YA≥ 70 as for core, allocation is Necessarily first pareto optimal,

So, YA = 0, then

➡ 6X₁> 70

➡XA≥ 70/6

Min XA2 11.67 is the answer.


Related Questions

Research suggests that the adoption of may increase efficiency and lower unit costs relative to what can be achieved by the mass production of a standardized output. Group of answer choices Just-in-time manufacturing Unscheduled manufacturing Flexible production technology Quick technology

Answers

The answer is "flexible production technology".

It is also known as a "flexible manufacturing system".  FMS is a production method that can easily adapt to variations in the item's kind and quantity. The user could be configured machinery and computing devices like that it should produce a variety of products and manage varying production levels.

The incorrect choice can be defined as follows:

A just-in-time manufacturing method, it aims to reduce production cycle durations as well as reaction times between suppliers and customers to save costs.Unscheduled manufacturing orders could be removed and afterward reinserted into the production schedule.Quick technology must be made much easier so that society's largest problems may be addressed, and individuals and companies could become more innovative, effective, and productive.

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A major financial institution hired a renowned security firm to attempt to compromise its computer network. A few days later, the security firm reported that it had successfully entered the financial institution's computer system without being detected. The security firm presented an analysis of the vulnerabilities that had been found to the financial institution. This is an example of a

Answers

Answer:

detective control.

Explanation:

Cyber security can be defined as preventive practice of protecting computers, software programs, electronic devices, networks, servers and data from potential theft, attack, damage, or unauthorized access by using a body of technology, frameworks, processes and network engineers.

IDS is an acronym for intrusion detection system and it can be defined as a security system which is typically used to monitor network traffic and it notifies the engineer when there's a malicious activity.

Generally, the detection methods used by the Intrusion Detection Systems (IDS) are;

1. Statistical anomaly-based detection.

2. Stateful protocol analysis detection.

3. Signature-based detection.

Hence, the operations in this scenario is an example of a detective control which avails a business firm information about vulnerabilities that exist in its network system.

Select all that apply Some disadvantages of relying solely on financial measures include that: (Check all that apply.) Multiple select question. they can encourage managers to focus too heavily on short-term goals. they can encourage managers to focus too heavily on long-term goals. some profitable opportunities may be rejected to keep return on investment high. residual income is not as effective when comparing investment centers of different sizes. they require managers to focus on too many perspectives.

Answers

Answer:

they can encourage managers to focus too heavily on short-term goals.some profitable opportunities may be rejected to keep return on investment high. residual income is not as effective when comparing investment centers of different sizes.

Explanation:

Nasir finds a used car for $4,000.00. It has all of the features he wants. He compares prices of similar cars at other car lots and finds the best deal at the local used car lot. The car looks even better than it did in pictures. It has a nice paint job, new tires, and new windshield wipers. Nasir pays $300.00 for a down payment and then purchases the car. He also bought an extended warranty and detailed car washing. What did he forget to do

Answers

Answer: a. Check the car for mechanical problems

Explanation:

Much like a house needs to be inspected before you move in, so also does a car. Especially when that car is an already-used car.

Regardless of how well the sellers may have made the car look aesthetically, Nasir should still have the car checked for mechanical problems as these are not visible upfront but can be very troublesome if present.

Checking the car would also enable him negotiate better because it would show the exact condition and he can take this into account during price negotiations.

What are the qualifications to become a primary teacher and a secondary? Write them.​

Answers

Answer:

The eligibility requirement for a Primary Teacher in a Government School is Senior Secondary School certificate or Intermediate or its equivalent, and Bachelor of Elementary Education (B. El. Ed.), or Diploma or certificate in basic teachers' training of not less than two years duration.

What are the two biggest enemies of coffee that affect the freshness of the beans (for my biggby job pls)

Answers

The answer is C I just know this to easybecause I took this test before and I got it right

Sirius Cybernetics Corp. produces touch-enabled wearable devices. Its research and development team recently became aware of a new, open-source technology produced by a firm overseas that would improve the processing speed and battery life of all Sirius Cybernetics devices. In this scenario, Sirius Cybernetics would be best served to embrace
A. open innovation.
B. closed innovation.
C. disruptive innovation.
D. radical innovation.

Answers

In the given situation, Sirius Cybernetics should be best served as the open innovation.

The information related to open innovation should be as follows:

The motive of using the inflows and outflow of the knowledge in order to accelerate internal innovation.It is also be used for diversifying the market for innovation purposes.It is for promotion purposes with respect to innovation & the awareness of the new and open technology source.

It cannot be a closed innovation, disruptive innovation, and radical innovation.

Therefore we can conclude that Sirius Cybernetics should be best served as open innovation.

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A county that did not previously have a property tax levies a property tax for $900,000 on January 1, 2020 for the budget year January 1 to December 31, 2020. The county collected $875,000 during 2020, $20,000 during January 1 through February 28, 2021, and the remaining $5,000 in June 2021. What adjustment is needed to the data reported in the governmental fund financial statements to prepare the government-wide statements

Answers

Answer: See explanation

Explanation:

The adjustment is needed to the data reported in the governmental fund financial statements to prepare the government-wide statements will be:

Deferred revenues—property taxes

5,000

Revenues—property taxes

5,000

Deferred revenue, in this case refers to the advance payments that a company receives for the goods that are to be delivered in the future.

Agile project management involves ____ whereas traditional project management involves _______. Multiple Choice known and stable scope, unknown requirements high certainty, projects with unstable scope projects with high predictability, project with unknown or unstable requirements iterative and incremental delivery, upfront planning with high predictability high uncertainty, projects with unknown requirements

Answers

Answer:

For comprehension purposes, I would write the question again with options attached below:

Agile project management involves ____ whereas traditional project management involves _______. Multiple Choice

a. known and stable scope, unknown requirements

b. high certainty, projects with unstable scope

c. projects with high predictability, project with unknown or unstable requirements

d. iterative and incremental delivery, upfront planning with high predictability

e. high uncertainty, projects with unknown requirements

The correct answer is option d. (iterative and incremental delivery, upfront planning with high predictability)

So, Agile project management involves iterative and incremental delivery whereas traditional project management involves upfront planning with high predictability.

Explanation:

Agile project management involves iterative and incremental delivery as Agile project management allows making changes to the product which then opens ways for iteration. Agile life cycles are composed of several iterations because of changes that might arise due to feedback during the production process of the project.

Traditional project management is highly predictable and it doesn't give room for changes as project cycles and stages are planned ahead. It's a rigid process.

According to business strategy, Agile project management involves iterative and incremental delivery,

whereas traditional project management involves upfront planning with high predictability.

What is Agile Project Management?

Agile Project Management is a style of business or production management that allows the production process to be changed accordingly throughout the process till final delivery or life cycle.

On the other hand, traditional project management is a style of project management that ensures the proper planning is done with preparation for uncertainty made at the planning stage; thereby, little or no adjustment is made till final delivery or project cycle.

Hence, in this case, it is concluded that the correct answer is option C. "iterative and incremental delivery, upfront planning with high predictability."

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The government of Namibia is strapped for cash, and it has decided to tax all foreign investments (such as food packaged in the country) by up to 40 percent of the appraised value. The Namibian government has found that this is the handiest and quickest means of finding operating funds. The economic risk in discussion here is

Answers

Answer:

Tax control

Explanation:

Considering the scenario described above, the economic risk in the discussion here is TAX CONTROL.

This is because Tax Control is a means or process of identifying, securing, and controlling a company's tax risks to manage the total tax issues of the company involved.

Hence, in this case, the issue at hand is how the government of Namibia will be using the tax control framework to identify and secure tax returns from foreign investment.

Identify two examples of suitable places Sarah could advertise vacancies

Answers

Answer:

permanent roles, and contract roles.

What is one main objective in the study of economics?
RE
recognizing the types of services available to everyone
O recognizing the relationship between producers and consumers
O recognizing the reasons why consumers supply services
O recognizing the difference between producers and consumers

Answers

Answer:

O Recognizing the relationship between producers and consumers.

Explanation:

Economics is the study of how resources are used by people to produce goods and provide services. This branch of study focuses on the production, distribution, and consumption of goods and services.

While the study of economics can be classed into macroeconomics and microeconomics, one of the main objectives of this study is to determine the relationship between producers and consumers. The focus is on the way people respond to the availability and use of the resources.

Thus, the correct answer is the second option.

what is accounting in entrepreneurship​

Answers

Answer:

Definition: A business's bookkeeping system that tracks the money coming in vs. the money going out. Aside from every business owner's inherent desire to stay in business, there are two other key reasons to set up a good bookkeeping system: 1.

Two unrelated individuals, John and Tom, own all the stock of Regal Corporation, which has earnings and profits of $400,000. Because of the inactivity of the business for the last several years, Tom has decided to retire from the business and move to Alaska. Accordingly, Regal Corporation will redeem all the stock owned by Tom and, in return, Tom will receive a distribution of $500,000. Tom's adjusted basis in the stock is $250,000. What will be the tax effect to Tom

Answers

Answer:

Capital gain of $250,000

Explanation:

Calculation to determine What will be the tax effect to Tom

Redemption proceeds $500,000

Less Adjusted basis in the stock ($250,000)

Capital gain $250,000

($500,000-$250,000)

Therefore the tax effect to Tom will be CAPITAL GAIN of $250,000

The management at Kohler Inc., a manufacturer of sinks, tubs, and other plumbing products, thinks that there will soon be a major growth in home remodeling due to rising interest rates. The management decides to use ____ in several key cities to provide support services for its sales force in those areas, carry inventory, and offer credit and other services to its retail plumbing customers.

Answers

Answer:

sales branches.

Explanation:

A sales branch can be defined as a wholesaler owned by a manufacturer and takes product title, assumes the risk associated with the ownership of this product, resells the product, as well as providing services to the end users or consumers. Thus, it's a form of business management set up by manufacturers in order to improve on their inventory control, sales, as well as the promotion of goods and services.

In this scenario, the management at Kohler Inc. is using sales branches in several key cities because it provide support services for its sales force in those geographical areas, carry inventory, as well as offering credit and other services to its retail plumbing customers.

The Sarbanes-Oxley Act: Group of answer choices protects American consumers from fraudulent foreign business practices. imposes penalties on foreign firms that try to bribe U.S. officials. requires that financial officers and CEOs personally certify the validity of their financial statements. prevents workplace discrimination based on age, gender, or race.

Answers

Answer:

requires that financial officers and CEOs personally certify the validity of their financial statements

Explanation:

A condo owner, a citizen of State A, hired an electrician, a citizen of State A, and a gas worker, a citizen of State B, to fix the wiring in his condo and install a new gas stove. Unfortunately, the condo burned down while they were working on it. The condo owner sued the gas worker for negligence, seeking $100,000. The gas worker files a motion to dismiss the case for failure to join the electrician, alleging that he contributed to the fire. How should the court rule

Answers

Answer:

Deny the motion, because the electrician is not a necessary party.

Explanation:

A necessary party is defined as a party that is required to be joined as part of a case and without who a case cannot be decided.

The party must be indispensable in the ruling to be considered as being required to be joined.

However in this scenario either electrician or the gas worker can be held entirely responsible for the fire. So the case can be satisfactorily decided without joining the electrician.

The home owner can raise a seperate case against the electrician if he so feels in the future.

important of doctor any five

Answers

Answer:

saving life, extending life, humanitarian work, controlling epidemic and conducting research

A doctor is only the person with the profession of treating and curing sick.

Doctors help us by taking care in the hospital if we have any injuries or illness.

If there are no doctors and we are injured or ill there will be many chances to lose our lives without doctor in that situation.

There are many doctors like dental doctor, ophthalmologist (eye doctor) etc.. who can help us in different types of illness.

Doctors treat not only physical ailments but also the mental ailments of a patient as a Psychiatrist (medical doctor; who specializes in mental health, including substance use disorders.)

A homeowner was injured when an automatic cutoff switch failed to function on a snowblower he was using. The cutoff switch had functioned well for a year after he purchased the snowblower but failed after the machine had been improperly repaired by a mechanic. The snowblower's operating manual contained a clear and prominent warning against making the very alteration to the switch mechanism that was made by the mechanic. The mechanic, however, did not have a manual available when he repaired the snowblower. Does the homeowner have a viable claim against the manufacturer of the snowblower for damages

Answers

Answer:

No, because the injury resulted from a substantial alteration of the snowblower by a third party.

Explanation:

The snowblower user had repaired the machine by a local mechanic. It was written on the operating manual that mechanics of the machine is not easy and if there is any alteration made to to switch the machine may function abnormally. The alteration was made to the snowblower despite of clear warning by the manufacturer. Therefore homeowner cannot have a valid claim against the manufacturer of snowblower for damages.

We wish to develop a confidence interval for the population mean. The population follows the normal distribution, the standard deviation of the population is 3, and we have a sample of 10 observations. We decide to use the 90 percent level of confidence. The appropriate value of to represent the level of confidence is ________________.

Answers

The answer is supposed to be: -1.645

A broker has an exclusive right-to-sell listing on a building. An offer to purchase the building is received while the owner is out of town. The offer requires a commitment from the seller before the seller is scheduled to return to the city. Under these circumstances, the

Answers

Answer:

Broker must obtain the signature of the seller to effect a contract.

A cash equivalent is: Multiple Choice Generally within 3 years of its maturity date. Close to its maturity date but its market value may still be affected by interest rate changes. Is not considered highly liquid. Another name for cash. An investment readily convertible to a known amount of cash.

Answers

Answer:

An investment readily convertible to a known amount of cash

Explanation:

Cash equivalents are items usually recognized in the balance sheet along with cash (then names Cash and cash equivalent) that are readily or easily convertible to cash at an amount that is measurable.

Examples of cash equivalents include commercial papers, bank certificate of deposit, treasury bills usually with a tenor of 3 months or less etc.

Cash equivalents are assets and help improve the company's liquidity.

Why feasibility analysis is important before starting a new business venture?state the role feasibility analysis with in entrepreneurial success.

Answers

i am a right outside linebacker blitzing off the edge

Because attempting to define a particular market can be difficult and controversial the Federal Trade Commission has begun to look less at market share and more at the data on actual ______________________________. competition in the overall economy selective anti-competitive industry practices competition between businesses market definition

Answers

Answer:

competition between businesses

Explanation:

The Federal Trade Commission can be regarded as independent agency that is been set up by United States government to enforce antitrust law as well as carry out of the promotion of consumer protection. Since to define a market can seems difficult, they tends to use competition between businesses when carrying out their operation. Business competition can be regarded as a process whereby different companies as well as individuals compete in the same industry, this could be in the type of product and services been offered, with compitition, the consumers can have different options when seeking for product not services to consume.

A famous jazz pianist and a nightclub owner executed a contract that called for the pianist to perform at the nightclub five times per week for six months. The contract prohibited the pianist from giving public performances during the contract period at any other venue located within a specified distance of the nightclub. Three months into the contract term, the pianist received a more lucrative offer to play a series of shows at a restaurant located within the contractually prohibited area. The pianist accepted the offer. Upon learning about this arrangement, the nightclub owner filed a suit seeking an injunction to prevent the pianist from performing at the restaurant. The nightclub owner has made no attempt to hire another performer to replace the pianist. The judge determines that the contract restriction on the pianist is reasonable. Is the judge likely to grant the injunction

Answers

Answer:

Famous Jazz Pianist and a Nightclub Owner

The judge is likely to grant the injunction to prevent the pianist from performing at the restaurant.

Explanation:

This opinion is based on the determination already reached by the judge that the contract restriction on the pianist is reasonable.  The contract is valid with clear terms legally agreed to by the pianist and the nightclub owner.  The pianist is expected to abide by the terms of the contract, which do not impose a total restriction on his trade.

Three business people who wish to invest in a new company. Each person is willing to pay one third of the total investment. . After careful calculation, they realize that each of them would pay $ 7600 less if they could find two more equal investors. How much is the total investment in the new business.
A) $ 64,000
B) $ 54,000
C) $ 21,000
D) $ 5,400
E)e) $57,000

1

1

Answers

5ghost streetdhshahah

Keynesian economists ________. A) observe that prices respond slowly to changes in supply and demand B) believe that the classical dichotomy does not hold in the short run C) believe that monetary policy affect aggregate output and the real interest rate D) all of the above

Answers

Answer:

The choose D.All of the above

I hope I helped you^_^

Quality cost information reports ______. Multiple select question. show managers if quality control costs are poorly distributed help identify the financial cost of defects give managers an idea of where to focus quality control efforts always identify lost sales from customer ill will

Answers

Answer:

• show managers if quality control costs are poorly distributed

• help identify the financial cost of defects

• give managers an idea of where to -focus quality control efforts

Explanation:

Quality costs refers to the costs that is associated with the prevention, detection and remediating of product issues that are related to quality.

The uses of quality cost information include:

• show managers if quality control costs are poorly distributed

• help identify the financial cost of defects

• give managers an idea of where to -focus quality control efforts

What is the percent change in price when the price drops from $6 to $5? What is the percent change in price when the price drops from $6 to $5? Assume your answer is a percent and answer a numeric value only.

Answers

Answer:

16.7%

Explanation:

100/6 = 16.666666667% = 1/6

6-5 = 1

1/6 of the price is taken away so 1/6 is the percent it dropped.

Assuming number 6, then answer in numerical value in 16.7%.

What is the price?

Pricing is a very important factor in determining how well-liked a product is in the market.

100/6 = 16.666666667%

= 1/6

6-5 = 1

The price reduced by 1/6, or 1/6 of the original amount.

As a result, 16.7% is accurate.

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An investor owned a 100-acre parcel that contained several natural asphalt lakes. A construction company was erecting highways for the state in the vicinity of the investor's land and needed a supply of asphalt. The investor executed a document that, in return for a payment of $1 per barrel, gave the company the right to enter on the land and take asphalt in whatever quantities the company desired. The investor reserved the right to remove asphalt herself and to grant this right to others. Last year, the state commenced an action in eminent domain to take the investor's land for a public park. Is the construction company entitled to compensation

Answers

Answer: Yes

Explanation:

The construction company is entitled to compensation because it has a property right to enter and remove minerals.

The investor gave the construction company the right to use the properties on the land, if anything would be done on the land, the construction company should be compensated because they bought the right to do business there. Since the owner granted them the sole right, they are entitled to the resources.

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