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Author Question: At the college level there is complete school choice. a. True b. ... (Read 11 times)

strangeaffliction

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on: Jul 1, 2018
At the college level there is complete school choice.
 
  a. True b. False

Question 2

Sandy derives utility from consuming all other goods, g, and clean air (measured by particulate matter removed per m3), a, as measured by the utility function U(g,a) = g0.6a0.4.
 
  The price of all other goods is 20 and the price of clean air (abatement) equals 10. Brian is the only other consumer in the market for clean air and demands 10 units of clean air. What is the market demand for clean air? A) Total market demand is 14 units of clean air.
  B) Total market demand is 12 units of clean air.
  C) Total market demand is 10 units of clean air.
  D) Total market demand is 16 units of clean air.


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duke02

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

A


strangeaffliction

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

Liamb2179

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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