User Account

All Pages

Description of the optimal allocation of consumption

Assignment Help Basic Computer Science
Reference no: EM132170487

Based on the Consumer's Theory Model, the following are proper description of the optimal allocation of consumption (X,Y), EXCEPT:

  • Is the point where the consumer maximizes utility given the budget constraint.
  • Is the point where the budget constraint intersects an indifference curve.
  • Is the point where the budget constraint makes tangency with the highest attainable indifference curve.
  • The optimal allocation is unique for any given budget constraint.

Reference no: EM132170487

Questions Cloud

Sectors and dynamics in the labor market : The following are corrected descriptions about sectors and dynamics in the Labor Market, EXCEPT:
Did the police have probable cause to arrest mayo : Last week's response I stated I believed defendant Scott Mayo had every right to be armed in Tennessee with a pistol in the bar where he was bartending.
Increase in the number of workers looking for jobs : The following are likely effects created by a Minimum Wage Regulation, based on the model presented in class, EXCEPT:
Conduct a personal or property search : Probable cause is the legal standard by which a police officer or law enforcement official has the right to make an arrest, conduct a personal or property.
Description of the optimal allocation of consumption : Based on the Consumer's Theory Model, the following are proper description of the optimal allocation of consumption (X,Y), EXCEPT:
Statements about the income effect : The following are correct statements about the Income Effect (IE) and Substitution Effect (SE) coming from an increase in Px, EXCEPT:
Write response on the ethical theories : Ethical theories are relevant for ethical leadership because they help inform an individual's moral compass. Good leaders can fit any number of leadership.
Discuss how persons with disabilities are supported : Select a city and the major functional options that will be included in the tourist information and reservations user interface.
Implications for labor-market participation : What are the likely implications for labor-market participation and for overall labor supply.

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Key components of database design

One of the key components of database design is determination of size and accommodation for growth. As you think about applications you have worked with, consider how often new records are created within patient admissions or patient charting.

  Catch and handle all possible exceptions

A text file words.txt is given, containing a list of words, one per line. Write a program that deletes in the file text.txt all the words that occur in the other file. Catch and handle all possible exceptions.

  How structured approach associates to creating programs

When building the house, structured, modular approach is better than haphazard approach. Describe how structured approach associates to creating programs.

  What is machine learning

1) What is machine learning? 2) What is the relationship between Machine Learning & Big Data? 3) Provide a few business cases where Machine Learning would help.

  Main functions of proposed information system

1. Identify the main functions of your proposed information system and why they are important to the business.

  When transforming a one-to-one relationship

When transforming a one-to-one relationship, are two tables are always created?

  What part of your experience at a baseball game

What part of your experience at a baseball game is primarily intangible? What are you paying for when you go to a ballgame?

  Consider a database system that includes an atomic increment

Consider a database system that includes an atomic increment operation, in addition to the read and write operations. Let V be the value of data item X.

  Research wireless lan applications

Using the Internet, research wireless LAN applications. Compile a list of at least five applications that you had not imagined before for WLANs, and write a one-paragraph description below each one.

  Verify the validity of the chapman-kolmogorov identity

Using this example, verify the validity of the Chapman-Kolmogorov identity.

  What area in network management has been ignored

If a student in a college can monopolize access to a piece of software, causing other students to wait for a long time, which area of network management has failed?

  Variable naming conventions

Provide one (1) example of a variable name that is acceptable to the compiler but is not recommended according to variable naming conventions.

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