subject
Business, 23.12.2020 04:00 gabistel06

Marvin has a Cobb-Douglas utility function, , his income is Y$, and initially he faces prices of $ and $. If increases from $ to $, what are his compensating variation (CV), change in consumer surplus (CS), and equivalent variation (EV)? Marvin's compensating variation (CV) is $ 372.8. (Enter your response rounded to two decimal places and include a minus sign if necessary.) Marvin's change in consumer surplus (CS) is $ 311.92. (Enter your response rounded to two decimal places and include a minus sign if necessary.) Marvin's equivalent variation (EV) is $ nothing. (Enter your response rounded to two decimal places and include a minus sign if necessary.)

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 02:00
Ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $860. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 320 units sold 285 units in ending inventory 35 variable costs per unit: direct materials $ 135 direct labor $ 355 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 64,000 fixed selling and administrative $ 27,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 245,100 cost of goods sold 205,200 gross margin 39,900 selling and administrative expense 31,275 net operating income $ 8,625 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing. what is the amount of the difference in net operating income between the two costing methods?
Answers: 1
question
Business, 22.06.2019 05:30
U.s. internet advertising revenue grew at the rate of r(t) = 0.82t + 1.14 (0 ≤ t ≤ 4) billion dollars/year between 2002 (t = 0) and 2006 (t = 4). the advertising revenue in 2002 was $5.9 billion.† (a) find an expression f(t) giving the advertising revenue in year t.
Answers: 1
question
Business, 22.06.2019 08:10
The sec has historically raised questions regarding the independence of firms that derive a significant portion of their total revenues from one audit client or group of clients because the sec staff believes this situation causes cpa firms to
Answers: 3
question
Business, 22.06.2019 12:00
In mexico, many garment or sewing shops found they could entice many young people to work for them if they offered clean, air conditioned work areas with high-quality locker rooms to clean up in after the work day. typically, traditional garment shops had to offer to get workers to apply for the hard, repetitive, and somewhat dangerous work. a. benchmark competitive wages b.compensating differentials c. monopoly wages d. wages based on human capital development of each employee
Answers: 3
You know the right answer?
Marvin has a Cobb-Douglas utility function, , his income is Y$, and initially he faces prices of $ a...
Questions
question
Arts, 27.04.2021 18:50
question
Mathematics, 27.04.2021 18:50
question
English, 27.04.2021 18:50
question
History, 27.04.2021 18:50
question
English, 27.04.2021 18:50
question
Mathematics, 27.04.2021 18:50
Questions on the website: 13722367