Now suppose in addition to the price change of good Y (px = py = 4$), Mike’s income is reduced to $160.(j). How much X does Mike consume under new prices and new income?

Mukesh spends all his $100 weekly income on two goods, X and Y .His utility function is given by U(X , Y ) = XY . If PX = 4 andPY = 10, how much of each good should he buy?

Let Government purchases and taxes be 500 and 400 respectively ,investment is 200 ,and the spontaneous portion of consumption is 100 , marginal consumption trend is 0.9 ,which is the value of Y?A.4400B.3800C.4000D.4200

Q 01. Jacob spends 8% of his income on transport and 60% of the remaining amount on food. After these expenses, he managed to save $662.4. His income is: Ops: A. $900 B. $1100 C. $1800 D. $1000 Q 02. If the cost price of an item is $840, the mark up is 15% and the discount is 10%, then find the profit percent. Ops: A. 4.8% B. 6.2% C. 7% D. 3.5% Q 03. The ratio of water and oil in a mixture of 72 litres is 11 : 13 . How many litres of water must be added to the mixture to make the ratio 5 : 4? Ops: A. 22.75 litres B. 15.75 litres C. 19.56 litres D. 14.89 litres Q 04. Incomes of Sophia and Alice are in the ratio of 7 : 9 and each of them saves $360. Find Sophia's income, if the ratio of their expenditures is 2 : 3? Ops: A. $1420 B. $1080 C. $840 D. $1360 Q 05. Rachel bought a bag for $750 and sold it for a loss of $32. What is the selling price of the bag? Ops: A. $825 B. $782 C. $850 D. $718

Given the demand function QX = 5,000 – 250PX +120PY +.04I where PY = $50.00 and I = $60,000, at whatquantity of good X will marginal revenue equal zero?A) 2144B) 3420C) 5500D) 6700E) 7244

A consumer has an income of $10,000 to spend on two goods, X and Y, where the price of good X is $500 per unit, and the price of good Y is $1 per unit. The marginal rate of substitution is given by the formula Y/X. How many units of good Y does this consumer optimally consume?