John’s car has an average of 40 miles per gallon (mpg) when using gas from allen’s station and an average of 50 mpg when using gas from bob’s station. john’s preferences are such that he only wants to drive as far as possible given his budget. the gas price is pa dollars at allen’s station and pb dollars at bob’s station. john has a total income of i. write down a utility function u(a, b) that represents john's preferences for gal lons of gas consumed at allen's station, a, and gallons of gas consumed at bob's station b. (hint: treat a and b as two standard consumption goods and find the utility that describes john's preferences for those goods.)

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

okay lol !

what is wrong with black soap shampoo?

explanation: