Examlex
Max Gross has the utility function U(x, y) = max{x, y}. If the price of x is the same as the price of y, Max will buy equal amounts of x and y.
Q15: The interest rate will be 10% for
Q17: Ambrose has indifference curves with the equation
Q22: Harry has $10 to spend on cans
Q36: If a person is a net supplier
Q41: Casper's utility function is 3x + y,
Q44: A zero coupon bond is a bond
Q45: A newspaper article claims that more students
Q51: Emily's utility function is U(x, y) =
Q59: The equation shows a fission reaction: <img
Q113: The main reason that there is a