User Account

All Pages

Assumptions of indifference curves

Assignment Help Macroeconomics
Reference no: EM131239453

List the four assumptions of indifference curves. If a consumer goes the grocery store to buy 5 pound potato and find 10 pound potato bag $1.99 and 5 pound potato bag is also for $1.99. Keeping in mind the assumptions of indifference curves, which quantity of potato the consumer would buy?

Reference no: EM131239453

Questions Cloud

Federal deposit insurance encourage : How does federal deposit insurance encourage greater risk taking by banks? Could the banking system function without government deposit insurance? How? How would you personally be affected if there was no federal deposit insurance? What would ..
Estimate the delta of the option from tree : Use a three-time-step tree to value a 9-month American call option on wheat futures. The current futures price is 400 cents, the strike price is 420 cents, the risk-free rate is 6%, and the volatility is 35% per annum. Estimate the delta of the op..
Explain difference between purely private and public goods : Explain the difference between purely private and public goods and how it applies to environmental problems faced by developing countries. What are the implications of the free-rider problem for allocation of a public good?
Why monte carlo simulation approach cannot easily be used : A 9-month American put option on a non-dividend-paying stock has a strike price of $49. The stock price is $50, the risk-free rate is 5% per annum, and the volatility is 30% per annum. Use a three-step binomial tree to calculate the option price.
Assumptions of indifference curves : List the four assumptions of indifference curves. If a consumer goes the grocery store to buy 5 pound potato and find 10 pound potato bag $1.99 and 5 pound potato bag is also for $1.99. Keeping in mind the assumptions of indifference curves, which..
Identify five factors that tend to weaken the intensity : Identify five factors that tend to weaken the intensity of competitive rivalry among an industry's member firms. Think of the academic textbook industry to analyze this question.
How might they detract from economic growth : Why are children more susceptible than adults to health risks posed by their environment?
Analyse the impact of time on elasticity : Elasticity of demand is different in the short run and in the long run for most goods. Analyse the impact of time on elasticity of (a) demand for gasoline and (b) consumer durables. (c) what difference do you find in the short run and long run el..
Explain the given statement : ‘‘For a dividend-paying stock, the tree for the stock price does not recombine; but the tree for the stock price less the present value of future dividends does recombine.'' Explain this statement.

Reviews

Write a Review

Macroeconomics Questions & Answers

  How determine the correlation coefficient

How Determine the correlation coefficient

  Level of equilibrium gdp compared

Under what circumstances is an open economy likely to produce a lower level of equilibrium GDP compared to a closed economy? Would free trade still be desirable? Why or why not?

  Democratic political system

When all people use economic reasoning, incompetence is impossible, because if the profit of decreasing that inefficiency were greater than the expenses, the inefficiency would be eliminated.

  What is the growth rate of real gdp

Use the production and price information in the table to calculatereal GDP for 2009, 2010, and 2011 using 2010 as thebase year.What is the growth rate of real GDP from 2009 to2010 and from 2010 to 2011?

  Predict the equilibrium number of book stores

The city of Bookburg initially allows only one book store, which sells books at a price of $20 and an average cost of $11. Suppose the city eliminates its restrictions on book stores, allowing additional stores to enter the market. According to an..

  The market for a product is expected to increase

The market for a product is expected to increase at an annual rate of 8%. First year sales are estimated at $60,000, the horizon is 15 years, and the interest rate is 10%. What is the present value?

  Describe the motivations fueling each candidates policies

Research and critique the international trade and investment policies proposed by both U.S. Presidential candidates. Describe the motivations fueling each candidates policies and then asses how effective you think these policies would be.

  Maria and emmanuel need to cut logs for shelter or gather

maria and emmanuel need to cut logs for shelter or gather food to stay alive per day. maria produces 10 cut logs of

  Categories of revenues for the federal government

Determine the three major categories of revenues for the federal government and three major categories of expenditures for the federal government?

  Market-based system with freely determined prices

The movement in the direction of a market-based system with freely determined prices, competition, profits, private ownership, and other features of capitalism is not simple. Discuss some of the challenges associated with an economy transitioning ..

  Main concepts that we study in macroeconomics

What are the main concepts that we study in macroeconomics.

  Illustrate what factors might have been at work

This seems to have reversed itself somewhat in recent years. Illustrate what factors might have been at work.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd