Consumers marginal level of satisfaction

Assignment Help Business Economics
Reference no: EM13888221

Which of the following statements about indifference curves is true...(choose the best answer)?

1. The higher an indifference curve is for a? consumer, the greater that? consumer's marginal level of satisfaction.

2. The higher an indifference curve is for a? consumer, the greater that? consumer's total level of satisfaction.

Reference no: EM13888221

Questions Cloud

Bond issue outstanding with a semi-annual coupon : Delta Corporation has a bond issue outstanding with a semi-annual coupon with a nominal rate of 8% and 5 years remaining until maturity. The par value of the bond is $1,000. Determine the current value of the bond if present market conditions justify..
Populations marginal propensity to consume : Compute the effect of a $24 billion federal income tax cut when the population's marginal propensity to consume is 96%.
Integrated business communication : Integrated Business Communication. Write a three to four (3-4) page paper that addresses the following: As a future executive, explain what you think are the most important communication issues you will have to face as you embark upon your career. Di..
Consumers marginal level of satisfaction : Which of the following statements about indifference curves is true.. The higher an indifference curve is for a? consumer, the greater that? consumer's marginal level of satisfaction. The higher an indifference curve is for a? consumer, the greater t..
Define competitive equilibrium for this economy : Consider a simple one-period, closed economy model where the representative consumer has utility function u(C, l) and h available hours to divide between work and leisure. The representative firm has technology given by Y = zF(K, N^d ). Define a Comp..
What is the yield to maturity and what is the yield to call : It is now, January 1, 2012, and you are considering the purchase of an outstanding bond that was issued on January 1, 2010. It has a 9.5% annual coupon and had a 30-year original maturity. What is the yield to maturity? What is the yield to call?
Two goods are supplements-their cross price elasticity : If two goods are supplements, their cross price elasticity will be:
What are some of the examples of biotechnology : Biotechnology is the use of a living thing or any part of a living thing to make a product or process that improves human life. For this part of the assignment, discuss the following: What are some of the examples of biotechnology that have made impr..

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

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