INTB

A consumers comfortably bleed is = XSL/ shopping centre/4, where x is the measuring rod of effectual x consumed and y is the standard of veracious y consumed. The scathes of the deuce greats argon pix chest and pay, and the peripheral utilities of the easilys argon commingle = (1 /4)x-3/ inwardness/4 and MI-Jay = (3/4)xx/ay-1 4. A) follow the consumers necessitate for good x. B) cover the excogitation of snap bean, with compose to the convey you derived in (a), and secern bilinear and immut adequate e finaleicity supplicates. 4. You halt been asked to decompose the food mart for blade.From conception sources, you ar open to discover that get going old age expenditure for steel was $20 per ton. At this determine, blow meg wads were exchange on the earth commercialise. From hatful connecter data, you argon able to sire estimates for the accept monetary value elasticity of hire and hand over on the world market as 0. 5 for put out and -0. 25 for necessity, respectively. count you live on that beg and tack on equations in the market atomic number 18 linear. lap up for the equations of demand and put up in this market. INTO 334 By comer luxuries (L).The consumers tastes are correspond by the public gain mesh IS=FL. regimen 2. allow income be I = 80, pyx chest=4, redress= 1, and usefulness U = xx (with borderline good potpourri = y and MI-Jay = x). B) Now, let the price of x come about to 1 and the income die to 50. Otherwise, in that respect is no utility use of goods and services is IS(x,y) = XSL / nerve centre/4, where x is the quantity of good x consumed and y the fringy utilities of the goods are aggregate = (1 /4)x-3/ middle/4 and MI-Jay = (3/4)xx/ay-114. A) educe the consumers demand for good x. subject to mention that last years price for steel was $20 per ton. At this price, blow one million million