4. Jen from Thunder Bay consumes housing (H) and food (F). Her student stipend is $600/month. She has a utility function of U(H, F) = F'/3 H²/3¸ The initial price of food is pp = 1 and the price of housing is pí = 10. (a) Determine how much food and housing she consumes. (b) Suppose the government decides to subsidize her housing by 50%. This has the effect of lowering the price she actually pays for housing to $5. If the price of food is $1 and the price of housing is $5, calculate Jen's utility maximizing bundle of goods. (c) How much does the Government spend on this program (just on Jen)?

Q: three types of business activities? Distinguish one from the other

A: Business activity can be considered as an economic activity and a profession at the same time.…

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

Q: Write a note on easy writing and discuss types of eassys

A: Essay writing would mean simple writing Writing that would include systematic paragraph…

Q: What plan that suggest alternative steps when faced with issues or failure?

A: An activity plan is composed with the goal that any representative can do the assignment effectively…

Q: (Trade Restrictions) Suppose that the world price for steel is below the U.S. domestic price, but…

A: When a country wants to restrict its imports of foreign goods it can use two devices: Tariffs…

Q: In a company, who gets to determine when and how data should be used?

A: Data refers to individual facts, figures, or bits of information that are often quantitative. A…

Q: What is science

A: Science refers to knowledge that deals with the physical world and its phenomena and is based on…

Q: This is practice and I need it explained in detail please.

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Answer the questions a through f

A: As per company policy we are only supposed to answer one question up-to 3 subsets in one session, so…

Q: Part 4 and 5 of the question please.

A:

Q: part A is incorrect and Part B is incorrect can you re try

A: Present Worth, also known as Net Present Value (NPV), represents the total value of cash flows (both…

Q: could you also help with question g ?

A: Ariel's opportunity cost for 1 book 2/3=0.67 problem set.So Ariel will accept price when her…

Q: The Process of Communication Essay

A: Communication is the process of bringing individuals together in order to organise them around a…

Q: how do you write an audit of how you nonverbally communicate?

A: Title: Audit of Nonverbal Communication SkillsIntroduction:This audit aims to evaluate and assess…

Q: c) What is the cost of the consumer's original 2018 bundle at the new 2019 prices? How much…

A: Now, the price of food F1= $100  the price of housing increased H1 = $200. the cost of the…

Q: What is a business and how does it work?

A: The term business refers to the combine efforts of individuals who are engaged in the profit-making…

Q: What is the organization’s main activity at a particular time?

A: Many people and activities make up an organization. Companies strategize for the future while also…

Q: A list of references or citations in an article is a good place to look for additional sources. True…

A: References or citations are used to give credit or refer to the source from which information is…

Q: blanks

A:

Q: What's the answer I can't see it

A: Demand for good X with respect to good Y is cross-price elastic: With every 1% increase in the price…

Q: Judging types O Miss deadlines Take a long time to make decisions Are judgmental people Come through…

A: "Judging type" is a term often used in personality typing systems like the Myers-Briggs Type…

Q: The South Korean Economy in the 1970s faced a choice between Consumption and Investment. This…

A: The three economic problems which any economy faces are: (i) The needs of the human beings are…

Q: If a design will will it be perfect for everyone 

A: Frequently, we design items to suit our requirements, age grades, foundation, capacities,…

Q: Show working out and answer to h?

A: In this case, revenue generation of Tesco is given here. We have to show the evenly distributed…

Q: please answer second question as a different question now!

A: Investment can refer to physical assets such as machinery, buildings, and land, or financial assets…

Q: which technology change affect consumer taste

A: The Law of Demand states that as price rises, demand declines keeping tastes and preferences…

Q: What is good and services

A: Economics is the study of individual behavior and concern with how they earn their living in the…

Q: A pharmaceutical corporation has developed a unique new drug, making the company a monopoly. Demand…

A: For a monopoly, profit maximization occurs at the point where MR equals MC

Cost of Production

In economic theory, production costs are the costs incurred by an industrial organization when it engineers a project or provides a service that generates revenue and benefits. Labor costs, raw materials, consumable manufacturing costs, and general overhead sum up, accounting for production costs. Total cost data is calculated by combining total direct costs of materials, labor costs, and total production costs.