How does market conduct elements influence in market performance

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How does market conduct elements influence in market performance

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Given MUx = X, MUY = 4Y, Price of X is 3 Birr per unit and price of Y is also 3 Birr per unit. If the income of the consumer is 1200 Birr, find the amounts of X and Y that the consumer chooses to consume so as to maximize his utility.
Suppose the government enacts legislation that imposes a price ceiling equivalent to the original equilibrium price. What is the result of this legislation?
suppose a firm produces sandals shoes in a competitive market with cost of productiongiven by c =200+10S-Ssquare+1
Cardinal utility theory assumes that consumers can (A) rank baskets of goods as to their preference. (B) determine the number of utils that can be derived from consuming all goods. (C) determine the marginal rate of substitution between goods. (D) avoid the law of diminishing marginal utility.
Qx= 1.0- 2.0Px + 1.5I + 0.8Py- 3.0Pm+ 1.0A Calculate sales
“If the business operates in the economy, there will be stage of peak, slow down and losses also. That’s the part of business”. Which concept is explain in the statement?
Suppose that Jane spends his entire income on good X and Y. The marginal utilities of both good X and Y are independent of the amount consumed of other good. The price of X is $2 per unit of X and the price of Y is $3 per unit of Y. A distribution of the total utilities of goods X and Y consumed is given below. Distribution of Total Utilities for Good X and Y for Jane. Number of Units Consumed Total Utility for X Total Utility for Y 1 20 24 2 38 45 3 54 63 4 68 78 5 80 87 6 90 90 Provided Mr. Jane has a monthly income of $ 24. How many units of Good X and Good Y should Mr. Jane buy?
Discuss briefly the following concepts (1pt each) a) Cardinal and ordinal utility b) Indifference curve c) Marginal utility and marginal rate of substitution