Why indifference curve is convex
Why the indifference curve is convex to origin?
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The Indifference curve is always convex to the origin due to diminishing marginal rate of substitution.
Transfers to the poor “in-kind” are probably to be favored over cash transfer payments through: (a) people who are skeptical that the poor can manage their income competently. (b) economists concerned with improving effici
Can someone please help me in finding out the accurate answer from the following question. The directors of garage sales may attempt to shift the responsibility for all the flawed purchases to buyers by posting signs which state: (i) No trespassing. (ii) Carpe diem. (
Why would stocks perform better in the month of January than other months of the year, and discuss whether small market capitalization companies outperform large capitalization companies in the short to medium term?
When one family held ALL the income it would be shown upon the Lorenz curve as: (1) line 0A0'. (2) line 0B0'. (3) line 0C0'. (4) line 0D0'. (5) line 0E0'. Q : Opportunity Cost to the User An An opportunity cost to the user, although not to society as an entire, which would be the: (w) accounting profits realized by a firm of CPAs. (x) interest paid by a borrower for a bank loan. (y) rent paid by a sharecropper to a plantation owner. (z) m
An opportunity cost to the user, although not to society as an entire, which would be the: (w) accounting profits realized by a firm of CPAs. (x) interest paid by a borrower for a bank loan. (y) rent paid by a sharecropper to a plantation owner. (z) m
When you were unconcerned regarding the welfare of other people and your income placed you into the bottom five percent of the population, in that case you would be happiest when the Lorenz curve for your country resembled as: (1) line 0A0'. (2) line
why cotton textile tndustry is a microeconomic study
I can't discover the answer of this question of my economy assignment. Help me out to go through this question. If any variable input is not scarce input, then at maximum output what would be its marginal product?
Can someone please help me in finding out the accurate answer from the following question. When tortilla chips go on sale for fifty percent off, then the demand for salsa is most probable to: (1) Stay similar. (2) Reduce. (3) Raise. (d) Raise only when salsa as well g
On such demand curve, the demand for DVD games is completely elastic at a price of: (w) $50. (x) $25. (y) $20. (z) None of the above. Discover Q & A Leading Solution Library Avail More Than 1422211 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1959310 Asked 3,689 Active Tutors 1422211 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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