q.6 8:02 PM Mon 9 MayAAlearn-eu-central-1-prod-fleet01-xythos.content.blackboardcdn.comG current account of the balance of payments - Google SearchContentE B learn-eu-central-1-prod-fleet01-xythos.content.blackboardcdn.Y 8:01 PM Mon 9 MayAAbb.reading.ac.uk AG current accourB learn-eu-central-1-prod-fleet01-xythos.content.blackboardcdn..Content* Question Completion Status:BQUESTION 6The diagram attached shows a consumer's indifference curves and budget lines, what might cause.their utility change?consumer to move from point a to point b, and how willIndifference curves and budget lines.pdfO a. An increase in income, they will have higher utilityO b. A reduction in income, they will have lower utilityO C. A reduction in the price of X relative to Y, they will have lower utilityO d. A reduction in the price of Y relative to X, they will have higher utilityQUESTION 7What name is given to a merger between two firms in different industries?O a. HorizontalO b. VerticalO C. ConglomerateOd. TakeoverQUESTION 8X and Y are complementary goods. When the price of X is £5, consumers buy 1000 units of X, but when the price of X goes up to £7 they buy 500 units.

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QUESTION 6 The diagram attached shows a consumer's indifference curves and budget lines, what might cause a consumer to move from point a to point b, and how will their utility change? Indifference curves and budget lines.pdf O a. An increase in income, they will have higher utility O b.A reduction in income, they will have lower utility O C. A reduction in the price of X relative to Y, they will have lower utility O d.A reduction in the price of Y relative to X, they will have higher utility

QUESTION 6 The diagram attached shows a consumer's indifference curves and budget lines, what might cause a consumer to move from point a to point b, and how will their utility change? Indifference curves and budget lines.pdf O a. An increase in income, they will have higher utility O b.A reduction in income, they will have lower utility O C. A reduction in the price of X relative to Y, they will have lower utility O d.A reduction in the price of Y relative to X, they will have higher utility

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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a) For each, find the expressions for marginal utilities and the marginal rate of substitution, and determine whether monotonicity and convexity are met.
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a) For each, find the expressions for marginal utilities and the marginal rate of substitution, and determine whether monotonicity and convexity are met.
Solve by hand (no excel)
pls help asap on both