Explain intuitively why indifference curves as defined

Assignment Help Business Economics

Reference no: EM131163051

Explain intuitively why indifference curves as defined, cannot cross. Further, why would an allocation where an indifference curve intersects the budget line be considered inefficient if the indifference curve is not tangent to the budget line at that point?

Reference no: EM131163051

Questions Cloud

Specific management and leadership theories : For this assignment, your focus on discussing specific management and leadership theories is central to your success in this paper. As such, you will need to include research (with citations and references) to support and validate your work. Follo..

Why is an association class used for a class diagram : Why is an association class used for a class diagram? Give an example of an association class that may be found in a class diagram that captures students and the courses that they have taken.

Any combinations or conspiracies in restraint of trade : Should sports leagues be allowed to remain as cartels? More than 100 years ago, the American legislative leaders decided that it was necessary to pass laws prohibiting "...any combinations or conspiracies in restraint of trade."

Under-served populations and healthcare costs : Under-served Populations and Healthcare Costs, Access and Quality Read chapters 11 and 12. Answer the questions in your own words (typing sentences directly from your text is not accepted) and submit your document in the drop box. Substantive answ..

Explain intuitively why indifference curves as defined : Explain intuitively why indifference curves as defined, cannot cross. Further, why would an allocation where an indifference curve intersects the budget line be considered inefficient if the indifference curve is not tangent to the budget line at tha..

Health departments have in healthcare : Using the internet, look up the state and local health departments in your state and provide a brief overview of their activities (three to five points). Discuss the role that state and local health departments have in healthcare. Describe the purp..

How is each type of association depicted on a class diagram : Give two examples of aggregation associations and generalization associations. How is each type of association depicted on a class diagram?

By appealing to the concept of social indifference curves : By appealing to the concept of social indifference curves, explain clearly how the program of maximizing society's welfare subject to its PPF is solved analytically under autarky? How is this also solved under trade in the Ricardian model?

Human activity and climate change : In 3-4 pages, using APA-style formatting, discuss and give your position on the following statement: "Human activity, especially the burning of fossil fuels, is a major contributor to climate change".

User Account

All Pages