User Account

All Pages

Explain why the consumer utility is not maximised

Assignment Help Business Economics
Reference no: EM132456327

Please help me for following questions

Question 1: Explain what MRS12 is (without referring to indifference curves.) Then, explain why the consumer's utility is not maximised at a point where MRS12 > p1/p2.

Question 2: Carefully explain why the firm's profit is not maximised at a point where the price elasticity of demand is below one

Reference no: EM132456327

Questions Cloud

Explain the differences between two types of validity : Explain the differences between two types of validity. Explain how experimenters control for subjects' and researchers' expectations.
What are the role that the product plays in society : Where does human factors engineering occur - design, manufacture, test and evaluation, etc.What are The role that the product plays in society
Pathways in disease development : Describing the experimental design used to address the goal/problem and list the major results from each approach.
Discuss the anthropometric design principle : Select a workstation where an anthropometric design principle was used or should be used. Characterize the user population. research a case study
Explain why the consumer utility is not maximised : Explain what MRS12 is (without referring to indifference curves.) Then, explain why the consumer's utility is not maximised at a point where MRS12 > p1/p2.
Explain the difference between errors and faults : Explain the difference between errors, faults, and failures. Give an example of an error that leads to a fault in the requirements; the design
NIT1204 Web Application and Server Management Assignment : NIT1204 Web Application and Server Management - Laboratory Assignment Help and Solution, Victoria University, Australia. Modify the Registration application
Normally use two antibodies sequentially : Immunostaining. Share with your peers your answer as to why, in immunostaining procedure for a specific antigen, do you normally use two antibodies sequentially
Discuss one of the osi layers and research it in-depth : Discuss one of the OSI Layers and research it in-depth,understanding of its operation can help a network security professional in the real world.

Reviews

Write a Review

Business Economics Questions & Answers

  How many frisbees are being sold in equilibrium

(a) How many Frisbees are being sold in equilibrium? (b) How many (identical) firms are initially producing Frisbees?

  What is the cross price elasticity of apple sauce

this leads to an increase in demand for apple sauce from 100 to 140 jars, what is the cross price elasticity of apple sauce and pork chops at a pork chop price of $6?

  Relevant factors that should be considered

Discuss the ways in which How Proposed Trump Tax Cuts Will Affect a Trump presidency might have an effect on a firm whose headquarters are in New York.

  Formula for calculating consumer surplus

What is the formula for calculating consumer surplus? producer surplus?

  What effect an advertising campaign touting

What effect an advertising campaign touting how "the boost of energy from Energyshot will last the whole day!", will impact these lesser developed countries.

  Would introducing the new soft drink be the most profitable

Prior to 1999, PepsiCo did not have a product that competed directly against Sprite and had to decide whether to introduce such a soft drink. By not introducing a lemon-lime soft drink, PepsiCo would continue to earn

  Klems models of modern production

Which of the following resources are not considered inputs in “KLEMS” models of “modern” production?

  Which situations affect j curve

Please write a well developed essay which analysis all relations of Marshall lerner condition with foreign exchange market instability and j curve.

  Consumption of compact discs

Then the price of compact discs fell to $8 each. The change in her consumption of compact discs that resulted was

  Qto purchase a house that cost 250000 adriana lopez made a

q.to purchase a house that cost 250000 adriana lopez made a 25000 down payment. she financed the remaining 225000 using

  What is the difference between recession and depression

Explain the four phases of the business cycle. What is the difference between recession and depression? How or what are the causes?

  What is the explicit cost of running this business

What is the fixed cost of running this business for one year? What is the marginal cost of selling one set of earrings? Does the marginal cost change depending on quantity sold? If so, how? If Mel’s goal is to maximize economic profit, how many bags ..

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