Use separate graphs to draw indifference curves for each of the following utility functions: a. U(x, y)= min {2x + y,2y +x}
b. U(x, y)= max {2x + y,2y +x}
c. U(x, y) =x + min {x+y}
d. In which of these cases are preferences convex?

2standard deviation a particular telephone number is used to receive both voice calls and fax messages. suppose that 25% of the incoming calls involve fax messages, and consider a sample of 25 incoming calls. (a) what is the expected number of calls among the 25 that involve a fax message?

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ

Sally is buying a home and the closing date is set for april 20th. the annual property taxes are $1,234.00 and have not been paid yet. using actual days, how much will the buyer be credited and the seller be debited