# Ethel is trying to decide whether to have 0 cars, 1 car, or 2 cars.

Ethel is trying to decide whether to have 0 cars, 1 car, or 2 cars. If x is the number of cars she
has and y is the amount of money she has per year to spend on other stuff, Ethel’s utility function
is U(x; y) where U(0; y) = (y)^1/2; U(1; y) = (15/14)y^1/2; and U(2; y) = (10/9)y^1/2. Suppose that it costs
\$2000 a year to have 1 car and \$4000 a year to have 2 cars. Ethel finds that the right thing to do de-
pends on her income. What is her willingness to pay for 1 car if her income is M? What is the lowest
income at which she would have a car? What is the lowest income at which she would have 2 cars?

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.