Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
What do you mean by Consumption Set?
Consumption Set:
We notice a consumer faced along with possible consumption bundles within consumption set X. We generally assume that X is the nonnegative orthant into RL as demonstrated in the right figure, but more exact consumption sets may be utilized. For illustration, it may permit consumptions of some good into a suitable interval such like leisure as demonstrated in the left figure, or we might only comprise bundles which would provide the consumer at least a subsistence existence or which includes only integer units of consumptions as demonstrated in figure. We suppose that X is a closed and convex set unless otherwise stated. There convexity of a consumption set implies that each good is divisible and can be consumed through fraction units.
The left figure: A consumption set which reflects legal limit onto the number of working hours. The right figure: the consumption set R2+
social welfare ordinal
what is demand forecasting and defines its techniques
why mrts should convex to origin
how do you find the average fixed costs using total fixed costs and total product?
Define the production terminology in short. Production Technology: Production is the procedure of transforming inputs to outputs. Characteristically, inputs consist of labor
what is pure competition markets?
Discriminatory Fee Structure This method discriminates between courses and the economic condition of the family to which the student belongs. The cost of providing the educati
1. Select a data series that you wish to forecast. Make sure that it has some importance to you relative to business, future occupation or other special interest. Obtain monthly or
Specific Monopolist: Suppose a monopolist firm, I-Tech, pays $500,000 in short-run costs for its capital and unskilled labor. Its only short-run decision, th
Sources of Divergence The principal cause of extraordinary variation in output per worker between countries today are differences in their corresponding steady-state capital-ou
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd