User Account

All Pages

Consumers preferences are rational and well-behaved

Assignment Help Business Economics
Reference no: EM131589273

a) Given a consumer's preferences are rational and well-behaved, how do I know the consumer's indifference curve must be downward sloping?

b) Assuming that a consumers preferences are rational and well-behaved, explain why indierence curves can't cross.

Reference no: EM131589273

Questions Cloud

Research a health care organization or a network : Research a health care organization or a network that spans several states within the U.S. (Example: United Healthcare, Vanguard, Banner Healthcare, etc.).
Determine a plan for bringing that element back : describe what went wrong and how it failed to stay within scope of project. Determine a plan for bringing that element back within the approved scope of plan.
Discuss the term client advocacy : You have been hired to manage a particular aspect of the new adult addictions center. It is your job to write a proposal to bring to the next board meeting.
Long-term debt to long-term debt plus equity : Calculate the firm's ratio of long-term debt to long-term debt plus equity.
Consumers preferences are rational and well-behaved : Assuming that a consumers preferences are rational and well-behaved, explain why indierence curves can't cross.
Discuss the attachment theory : Discuss the attachment theory and how failure to develop proper attachment is associated with crime
What demographic information is needed : What must you do to effectively negotiate a contract that will earn the group a profit? What demographic information is needed?
Why do fuel prices fluctuate : Why do fuel prices fluctuate? Many products use some derivative of crude oil in their production.
Discuss the collecting evidence : As the Digital Forensic Manager at Triton Corporation, you receive a request from the Internal Affairs Director that an employee was found.

Reviews

Write a Review

Business Economics Questions & Answers

  What proportion of corporations was rate of return negative

An investment portfolio contains stocks of a large number of corporations. Over the last year the rates of return on these corporate stocks followed a normal distribution with mean 12.2% and standard deviation 7.2%. For what proportion of these corpo..

  Reconcile local expectations of questionable payments

As a Manager in a foreign subsidiary, how can you reconcile local expectations of questionable payments with the Foreign Corrupt Practices Act?

  Initial decrease in consumption constant

Suppose you are a thirty-year-old worker choosing between an IRA, a ROTH IRA and a regular brokerage account. Your marginal federal tax rate is 15% now and 15% in retirement. Compare after-tax returns on all three forms of investment. Rank the invest..

  What is the value of the marginal-physical product

For a perfectly competitive firm, the price of its product is $3.50. If an additional unit of a resource yields a value of the marginal product (or MRP) equal to $24.50, what is the value of the marginal-physical product? A firm's objective in busine..

  Compare the rates of core and headline inflation

Compare he rates of core and headline inflation for the most recent months and the past year

  How can infrastructure development from construction

How can infrastructure development from construction projects be used to advance and improve societal interests?

  How changes in government spending also taxes positively

Elucidate how changes in government spending also taxes positively do or negatively affect the economy's production also employment.

  Schematic representation of the organization of the economy

In the circular-flow diagram, the schematic representation of the organization of the economy.

  Q1 suppose there is a 50-50 chance that a risk adverse

q1. suppose there is a 50-50 chance that a risk adverse individual with a current wealth of 20000 will contract a

  Contractionary and expansionary monetary policy

What is the difference between contractionary and expansionary monetary policy? What is the intention of each policy under a depression, recession, or robust economy? Which type of monetary policy is more appropriate today and why?

  What is this tennis players economic rent

As a professional tennis player, an individual earns $300,000 per year. If employed as a model, the next-best option, this person would earn $120,000 per year. What is this tennis player's economic rent (profit)?

  How should they be produced

There are three questions, which must be addressed by any economy: What should be produced, How should they be produced, and to whom do they go?

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