{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-13T16:15:50-04:00", "answer_date": "2024-06-13 16:15:50", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2970764", "url": "\/study-help\/questions\/a-and-b-are-workstudy-students-their-utility-functions-representing-2970764", "question_creation_date_js": "2024-06-13T16:15:50-04:00", "question_creation_date": "Jun 13, 2024 04:15 PM", "meta_title": "[Solved] A and B are work-study students. Their ut | SolutionInn", "meta_description": "Answer of - A and B are work-study students. Their utility functions representing satisfaction per day are:A=Ua=C 2 H.B=Ub=CH 2 C= | SolutionInn", "meta_keywords": "work-study,students,utility,functions,representing,satisfaction,per,day,=ua=c,2,h=ub=ch,c=units", "question_title_h1": "A and B are work-study students. Their utility functions representing satisfaction per day are:A=Ua=C 2 H.B=Ub=CH 2 C=Units of consumptionper day H=Units of leisure or", "question_title": "A and B are work-study students. Their utility functions representing satisfaction per", "question_title_for_js_snippet": "A and B are work study students Their utility functions representing satisfaction per day are A Ua C 2 H B Ub CH 2 C Units of consumptionper day H Units of leisure or Non work hours per day Each works L hours per day, consumption costs each $P per unit Suppose B is given additional non wage income equal to K per day Specify the budget constraint for B Solve for the optimal amount (units) of daily consumption that B purchases as a function of the financial parameters ", "question_description": "
A and B are work-study students. Their utility functions representing satisfaction per day are:A=Ua=C2<\/sub>H.B=Ub=CH2<\/sup><\/p> C=Units of consumptionper day H=Units of leisure or Non-work hours per day<\/p> Each works L hours per day, consumption costs each $P per unit.<\/p> <\/p> Suppose B is given additional non-wage income equal to K per day. Specify the budget constraint for B. Solve for the optimal amount (units) of daily consumption that B purchases as a function of the financial parameters.<\/p>",
"transcribed_text": "",
"related_book": {
"title": "Statistics Informed Decisions Using Data",
"isbn": "978-0134135373, 134133536, 134135377, 978-0134133539",
"edition": "5th Edition",
"authors": "Michael Sullivan III",
"cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1382.jpg",
"uri": "\/textbooks\/statistics-informed-decisions-using-data-5th-edition-1382",
"see_more_uri": ""
},
"free_related_book": {
"isbn": "1467133787",
"uri": "\/textbooks\/houston-aviation-1st-edition-978-1467133784-168173",
"name": "Houston Aviation",
"edition": "1st Edition"
},
"question_posted": "2024-06-13 16:15:50",
"see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01",
"step_by_step_answer": "The Answer is in the image, click to view ...",
"students_also_viewed": [
{
"url": "\/check-the-required-conditions-for-exercise-1612",
"description": "Check the required conditions for Exercise 16.12.",
"stars": 3
},
{
"url": "\/study-help\/global-marketing\/6-what-role-does-direct-marketing-have-in-a-global-1786485",
"description": "6. What role does direct marketing have in a global companys promotion mix? Name three companies that have successfully used direct mail or other forms of direct-response advertising.",
"stars": 3
},
{
"url": "\/study-help\/introduction-to-probability-statistics\/243-construct-a-box-plot-for-these-data-and-identify-1980992",
"description": "2.43 Construct a box plot for these data and identify any outliers: 3, 9, 10, 2, 6, 7, 5, 8, 6, 6, 4, 9, 22",
"stars": 3
},
{
"url": "\/jana-has-a-pap-with-the-following-coverages-liability-coverages-10000030000050000-medical",
"description": "Jana has a PAP with the following coverages: Liability coverages: $100,000\/$300,000\/$50,000 Medical payments coverage: $5,000 each person Uninsured motorists coverage: $25,000 each person Collision...",
"stars": 3
},
{
"url": "\/study-help\/questions\/cintas-corporation-is-the-largest-uniform-supplier-in-north-america-9740598",
"description": "Cintas Corporation is the largest uniform supplier in North America. Selected information from its annual report follows. For the 2016 fiscal year, the company reported sales revenue of $4.9 billion...",
"stars": 3
},
{
"url": "\/study-help\/questions\/blue-corporation-leases-equipment-from-falls-company-on-january-1-950638",
"description": "Blue Corporation leases equipment from Falls Company on January 1, 2025. The lease agreement does not transfer ownership, contain a bargain purchase option, and is not a specialized asset. It covers...",
"stars": 3
},
{
"url": "\/study-help\/questions\/x-p-x10-you-need-to-add-another-current-so-5321502",
"description": "X P X10. You need to add another current so that B]; = D. A classmate suggests that you run a current through point R parallel to all the others. Could this work? lfit could: determine the direction...",
"stars": 3
},
{
"url": "\/study-help\/questions\/answer-all-4-the-uris-warren-ratings-agency-5390039",
"description": "Answer all . 4. The Uris & Warren Ratings Agency rates bonds on a simplified scale with just three categories: A, B, and C. The Professors Pension Fund has all its money invested in two bonds, X and...",
"stars": 3
},
{
"url": "\/study-help\/questions\/49-condensed-financial-statements-for-dragoon-enterprises-follow-a-calculate-5291921",
"description": "4.9. Condensed financial statements for Dragoon Enterprises follow. (a) Calculate the amount of dividends Dragoon paid using the information given. (b) Prepare a statement of cash flows using the...",
"stars": 3
},
{
"url": "\/study-help\/questions\/a-plant-operating-at-capacity-would-suggest-that-most-likely-5721428",
"description": "A plant operating at capacity would suggest that most likely: Select one: a. only some specific machines or processes are operating at the maximum rate possible. b. every machine and person in the...",
"stars": 3
},
{
"url": "\/study-help\/questions\/insert-a-pivottable-and-a-pivotchart-15-create-a-pivottable-4151997",
"description": "Insert a PivotTable and a PivotChart 15. Create a Pivot Table on the Inventory Listing tab based on the inventory balances displayed for all five years. 16. Rename the new worksheet tab containing...",
"stars": 3
},
{
"url": "\/study-help\/questions\/i-am-having-trouble-solving-the-two-problems-below-assume-4632245",
"description": "I am having trouble solving the two problems below. Assume a college has 1000 college seniors deciding to go to grad school.There are two in-state colleges CandD.CollegeCis only an in-person college,...",
"stars": 3
}
],
"next_back_navigation": {
"previous": "\/study-help\/questions\/what-are-the-three-basic-economic-questions-that-all-2970763",
"next": "\/study-help\/questions\/bus-340-introduction-to-information-system-2970765"
},
"breadcrumbs": [
{
"name": "Study help",
"link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers"
},
{
"name": "Business",
"link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business"
},
{
"name": "Economics",
"link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-economics"
},
{
"name": "A and B are work-study students. Their utility functions representing satisfaction per",
"link": "https:\/\/www.solutioninn.com\/study-help\/questions\/a-and-b-are-workstudy-students-their-utility-functions-representing-2970764"
}
],
"skill_details": {
"skill_id": "12",
"skill_name": "Economics",
"parent_id": "1"
}
}1"
}
}