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.
I have a problem in economics on Calculating Firms accounting profit. Please help me in the following question. The firm has $50,000 in implicit costs, and the economic profit of $10,000. This firm’s: (i) Explicit cost equivalent $40,000. (ii) Accounting profit
I have a problem in economics on Problem regarding Wage Discrimination. Please help me in the following question. The economic term applied if equally productive workers are paid various wages is: (i) Wage discrimination. (ii) Racism. (iii) Employment
When planned savings are bigger or smaller than planned investment, then what will be its consequence on inventories? Answer: It will raise or reduce the inventorie
Economic questions involving both microeconomics and macroeconomics would take in the effects on allocative efficiency and economic development of: (i) War within the Middle East and skyrocketing international prices
Probable reasons for this shift of demand curve from D0 to D1 would not comprise: (1) lowering the lowest age for a driver’s license. (2) Reduces in the prices of ski boats. (3) Raised prices for airline tickets. (4) Decrease in the relative price of gasoline. (
Moving beside the demand curve by Q=0, P4 to Q4, P=0, then elasticity of demand for Pixie’s cheesy fried grits as: (w) doesn't change. (x) falls, then rises. (y) rises, then falls. (z) falls. Q : Error of commission in uncertainty Can Can someone help me in finding out the most precise answer from the given options. The error of commission would be: (1) Student forgets to study for the test. (2) The decision not to make a product which another company later generates successfully. (3) The company s
Can someone help me in finding out the most precise answer from the given options. The error of commission would be: (1) Student forgets to study for the test. (2) The decision not to make a product which another company later generates successfully. (3) The company s
What supply curve illustrates?
is price in the law of demand an absolute or relative price
select the right answer of the question. Which of the below nations are low-income developing countries (DVCs), according to the World Bank? 1) country A only 2) countries A, D, and E 3) countries A and E 4) countries A, B, D, and E Discover Q & A Leading Solution Library Avail More Than 1454756 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1936118 Asked 3,689 Active Tutors 1454756 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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