Utility Steak
Question Regarding Indifference Curves, Budget Constraints, and Consumer Choce?
Ms. Peachy buys two goods, Steak (Y) and Potatoes (X). Her Utility function is U=(S^2/5)(P^3/5). She has a weekly budget of 100 dollars; steak costs 2 dollars per unit and potatoes cost 1 dollar per unit. How much does she spend on Steak and Potatoes?
Calculate the marginal rate of substitution (dU/dS / dU/dP) and set it equal to the slope of the budget line (aka the price ratio or 2/1). You will get an equation that is still in terms of the two variables (S & P), so use the budget line equation 2S+1P=100 to solve for one of them then plug that into the budget equation to get the other.
 RADA S06 Six Steak Utility Knives Gift Set  US $34.50
|
 R104 Utility Steak Knife by Rada Cutlery 3 pack US $15.00
|
 Japanese Stainless Steak Knives Utility Knife 4 pc NEW US $31.00
|
 Rada R104 Utility Steak Knife kitchen cutlery sharp US $3.89
|
 Rada Cutlery R 104 Utility Steak US $5.00
|
 RADA R104 Steak Utility Knife US $5.80
|
 Rada Utility Steak Knife R104 kitchen cutlery NEW US $5.59
|
 RADA W204 UTILITY STEAK KNIFE Black Handle SSR 11 09 US $5.00
|
 RADA STEAK UTILITY KNIFE R104 11 09 US $5.00
|
 RADA S06 Six Utility Steak Gift Set 12 sets 10 09 US $381.11
|
 RADA catalog S06 Six Utility Steak Knives Gift Set US $31.76 |
 RADA S06 Six Utility Steak Gift Set 6 sets 10 09 US $190.55
|
 RADA W204 UTILITY STEAK KNIFE NEW One DOZEN 11 17 09 US $60.06
|
 F DICK 4 1 4 UTILITY STEAK KNIFE SERRATED EDGE US $13.33
|
 Utility Steak Knife Rada Kitchen Tools Gadgets US $7.50
|
 RADA S06 Six Utility Steak Gift Set 3 sets 10 09 US $95.28
|
 Rada Cutlery W 204 Utility Steak Knife US $5.75
|
 Steak Knife Utility by Rada set of 6 US $33.00
|
 Sabatier Stainless 9 Utility or Steak Knife US $7.95
|
 RADA CUTLERY KITCHEN TOOL R104 STEAK UTILITY KNIFE US $7.69
|
| Powered by phpBay Pro |
 |
Ginsu 04817 International Traditions 14-Piece Knife Set with Block, Natural
List Price:  |
DescriptionMany associate Ginsu knives with the product’s kitschy infomercial from the â70s that begins with a karate kick to a watermelon and proceeds with a demo of these knives cutting through just about anything in the house... Features
|
 |
J.A. Henckels International Forged Premio 13-Piece Block Set
List Price: |
DescriptionForged Premio is fully forged, and has a high quality satin finish stainless Steel Blade, with a Full Tang 3 rivet handle. There is a metal end cap with the Henckels International Logo. Each blade is fully forged for better balance and comfort... Features
|
 |
Miracle Blade III 91M3RBXST2 Perfection Series 11-Piece Cutlery Set
List Price: |
DescriptionThe Miracle Blade Iii 11-pc. Knife Set is a multi-purpose collection of ultra durable kitchen tools. Crafted with revolutionary comfort handles and a unique 3-in-1 blade edge. These durable knives make quick work for meal preparation... Features
|
 |
Caterpillar 91-C6405274 Oak Tone Steak Knfe Set
|
Features
|
 |
Blackie Collins Designed Maxam Patented Assisted Opening Razor Knife Glass Filled Nylon Handle
List Price: |
DescriptionBlackie Collins Designed Maxam Patented Assisted Opening Razor Knife Glass Filled Nylon Handle Features
|
 |
Mercer Cutlery Genesis 6-Piece Knife Set with Tempered-Glass Block
List Price: |
DescriptionA supplier to the vast majority of cooking academies, Mercer Cutlery offers the Genesis Collection of kitchen knives to provide professional quality to the home chef. Comfortable, durable, and efficient, Genesis knives feature fully forged, single-piece blades made from high-carbon, no-stain German steel... Features
|
 |
Ginsu 10pc Bakelite Cutlery Set Includes 8" Slicer 6" Chef's Knife Utility Knife Steak Knives
List Price: |
DescriptionBeautifully shaped stainless handles are ergonomically designed to fit smoothly into your hand Knife blocks are made of richly grained hardwood and are designed to protect your fine cutlery.Set includes 8" slicer, 6" chef's knife, 4... Features
|
 |
Steak Belt Buckle
|
DescriptionThis "Steak" Belt Buckle Measures:3 7/8" by 2 1/4" |
Wood Block
Peeler Peel
Ulu Knife
Utility Paring
Perfection Rock
Regency Kitchen
Kitchen Shears
Scoop Knife
White Ceramic
Cut Supreme