Equibilium, Microeconomics

Assignment Help:
Suppose Dlamini has R5 000 to spend on trousers and shirts. The price of trousers is R500
each and that of shirts is R312.50 each.
6.1 Use the information and calculate consumer equilibrium for Dlamini. (5)
6.2 Use a diagram and graphically illustrate consumer equilibrium. Remember to
incorporate indifference curves and a budget line in your diagram. (7)

Related Discussions:- Equibilium

Working of ifc, Working of IFC: The IBRD loans are available only to m...

Working of IFC: The IBRD loans are available only to member-country governments or with the guarantee of member-country governments. Further, IBRD can only make a loan but it

Vitamin a, 1) Vitamin A Vitamin A has been chosen as the vitamin to be incl...

1) Vitamin A Vitamin A has been chosen as the vitamin to be included in the supplement since it has a role in several functions some of which as follows: 1. Helps in proper vision.

Find the marginal products of capital and labour, A farmer produces maize a...

A farmer produces maize according to the following production function Q m = AK 1/3 L 2/3 Where Q m is output of maize, A = land, K = capital and L = labour Given that

Managerial theories of firm., Implications of Williams model of managerial ...

Implications of Williams model of managerial discretion in Nepalese industries

Explain the concept of circular flow of income, Problem 1: i) It has of...

Problem 1: i) It has often been argued that a monopoly has both costs and benefits. Discuss. ii) Explain, using diagram the short and long equilibrium positions of a monopo

Price elasticity of demand, Explain why each of the following factors may i...

Explain why each of the following factors may influence the own price elasticity of demand for a commodity. The narrowness of the definition of the commodity

What are the two types of government cash transfer programs, What are the t...

What are the two types of government cash transfer programs in the U.S., used to help households achieve income security?  Provide examples of each. The two kinds of government

Building up a stable and viable export production base, Building up a Stabl...

Building up a Stable and Viable Export Production Base: It is necessary to make a deliberate production plan and to earmark a part of production for export even if there is a

Labor markets and labor Union, 1. Nonwage Determinants of Labor Supply Supp...

1. Nonwage Determinants of Labor Supply Suppose that two jobs are exactly the same except that one is performed in an air-conditioned workplace. How could you measure the value wor

Oligopoly, reason for kinked demand curve

reason for kinked demand curve

Write Your Message!

Captcha
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