tayyabh1010

A consumer with the utility function U(X, Y) = [X – 10] Y^(1/2) with an income of $100 to spend on good X (with price $1) and good Y (with price $15).

1 Express this consumer’s utility maximization problem, using the particulars of this problem.

2 Give two conditions that the consumer’s optimal bundle will satisfy, again using the particulars of this problem.

3 Find the two conditions for the consumer’s optimal bundle. Neatly show your work.

4 Find the demand function for good X for a consumer with the given utility function. In other words, resolve this problem only now leaving the prices and income as variables: pX, pY, and m. Neatly show your work.

Consider a consumer whose preferences are represented by the perfect substitutes utility function U (x, y) = 2x + y. The consumer has an income of I = 60 and the prices of the two goods he cares about are given by px =1and py =2.

(a) Write down the consumer’s utility maximization problem.

(b) Draw budget constraint and representative indi↵erence curves on the same graph.

(c) Find the consumer’s optimal consumption bundle, (x*, y*), and depict the situation on a graph.

(d) What is the share of income spent on good x? Explain briefly why this makes sense for this consumer

given the above prices.

(e) Suppose the price of good x is fixed at 1, but that the price of good y starts to fall from 2. Find that

value of , call it py* , for which the following statement is true: If the price of good y falls below py* , the

consumer’s demand for good x becomes zero.

Consider a consumer whose preferences are represented by U(x,y) = x^0.75y^0.25. The consumer has an incomeof I=360 and the prices of the two goods he cares about are given by px =1 and py =2.

(a) Write down the consumer’s utility maximization problem.

(b) Find the consumer’s optimal consumption bundle.

(c) What fraction of her income does the consumer spend on good x and on y?

(d) Using your result from part b, show that the optimal consumption bundle is unchanged if px, py and I are simultaneously doubled. How do we call this situation?

Question: 4. Consider a consumer who has utility function u(x, y) = min{2x, 3y} where x, y are amounts of goods X, Y consumed respectively.

(a) If px = 1, py = 1, consumer has total budget w = 10. What’s the optimal consumption bundle of this consumer? Explain in detail, using either graph or algebra to justify your answer.

(b) If there is an inflation which doubled the prices px, py as well as the wealth w. Consumer preference is still the same as before. What will be the consumer’s optimal consumption bundle in this case? Explain your answer clearly.

2. Suppose there are two goods, labeled x, y. A consumer has a budget of w = 220. Suppose the following two consumption bundles: (x = 4, y = 10), (x = 6, y = 4) all cost the consumer 220.

(a) What’s the price ratio between the two goods? Namely what’s py px ? Show how you obtain this result.

(b) What’s the price level for good x? What’s the price level for good y?

(c) Write out the algebraic expression for this consumer’s budget line

Suppose a consumer has an income of $30 that is spent on two goods: X and Y. The price of good X is $1.00 and the price of good Y is $3.00. Which of the following bundles of X and Y lie on the individual’s budget constraint?

1. suppose a particular consumer has 8 birr to be spent on two goods x and y. thr unit price good x=5 bir and unit price y of  3 birr

design a blended natural juice recipe with a weight loss purpose in mind. Your ingredients should reflect the purpose of weight loss

Below list 5 ingredients you will use, the calories that come with them, the amount of each protein in grams, saturated fat in grams, unsaturated fat in grams and the key nutrients facts. Provide totals at the bottom of the table

Explain the terms

1 . Age of majority in Canada

 Conjugal relationships

 Polygamy

 Emerging adulthood

 Life structure

 Millennial

 Baby boomer

 Failure to launch

 Family of origin

 Anticipatory socialization

 Dream

 Life course

 Adaptive behaviours

 Deal breakers

 The sandwich generation

 Resocialization

 Infidelity

 Family wage

 Consanguinity

 Cohort

 Horde

 Dream

 Intermarriage

 Fertility

 Kin adoption

 Propinquity

 journal articles within the scope of Entrepreneurship and Small Business Management and the articles published 2015-2021

• What is the major objective of the article?
• What are the theories and findings discussed in the paper and how do they compare?
• If the author argues supporting/rejecting theory and findings, what are his/her reasons and how valid are the reasons?
• How well are conclusions of the article aligned with the findings of the study?
• What exactly does the work contribute and relate to the overall topic of your course?
• In your opinion, what were the strengths and weaknesses of the paper?

Your review report should be structured as follows:

• Summary of the article focusing on the following major issues 
  - Purpose of the article/ Problem statement
  - Methodology
  - Findings, Conclusions, and policy recommendations.
• Your evaluation of the article based on the points 2 through 4.
• Your comment on point number 5
• Your opinion about the strengths and weaknesses of the article(maximum ½ page)
• Lessons learnt from the article

Answer each question from the units.

 Canadian Census definition of the family

 Sociological definition of a family, and what does that definition typically reflect?

 Which family types are seen legitimate based on the Bibby survey?

 Catholic social teaching on the goal of the family

 Social Interactionism – need for feedback

 Cooley’s Looking Glass Self

 2 Major reasons for youth homelessness, 1 thing society can do to help support individuals (Short Answer)

Mate Selection, Marriage and Divorce

 Theories of Mate Selection: Evolutionary theory, Social homogamy, ideal mate theory, exchange theory,

 Dating: script theory- Netflix and Chill, courtship vs dating, propinquity,

 Theory of Romantic love: Sternberg’s love triangle

 Exchange theory: explain divorce, costs vs benefits, list 2 “costs” (Short Answer)