Draw the indifference curve of the consumer depicting

Assignment Help Business Economics
Reference no: EM13830454

The consumer likes orange juice and cranberry juice but he or she does not like to have them together. In another words, consumer prefers 8 units of orange juice and 2 units of cranberry juice or 8 units of cranberry juice and 2 units of orange juice to 5 units of each of orange and cranberry juice. Draw the indifference curve of the consumer depicting this kind of preference. what is this particular preference called?

Reference no: EM13830454

Questions Cloud

Principles of effective intervention in criminal justice : List the four principles of effective intervention in criminal justice in sequential order. What do principles mean and do they work? If so why or why not.
Resources optimally in orthopedic-rheumatology department : A practice would like to allocate their resources optimally between the orthopedic and rheumatology departments. The revenues per case generated by orthopedics and by rheumatology are $2,000 and $1,000, respectively.
Evaluate target customer segments and positioning products : Examine the marketing science of customer behavior and products in the marketing exchange process and create dynamic strategies for competing and evaluate the basis for market segmentation and approaches to segmentation.
Write an essay about negoliatiol strategies for mutual gain : Write an essay paper about Negoliatiol Strategies for Mutual Gain.
Draw the indifference curve of the consumer depicting : The consumer likes orange juice and cranberry juice but he or she does not like to have them together. In another words, consumer prefers 8 units of orange juice and 2 units of cranberry juice or 8 units of cranberry juice and 2 units of orange juice..
What are the characteristics of leaders who derailed : How do you think your co-workers view you in regard to these characteristics -  What are the characteristics of leaders who derailed
Two consumption bundles having equal amounts : Let us suppose that the consumer is choosing between beer and milk. The consumer will always prefer beer to milk. However, if the consumer has two choose between two consumption bundles having equal amounts of beer and different amounts of milk, then..
Importance of how training is delivered : For this option, you will explore the importance of how training is delivered. Reflect on the best training program that you have ever attended.
Draft budgeted financial statements from 2012 to 2015 : Draft budgeted financial statements from 2012 to 2015 under both options that provide a realistic assessment of expected revenues and costs, and explain how you have arrived at these budgeted figures.

Reviews

Write a Review

Business Economics Questions & Answers

  Discuss whether horizontal or vertical boundaries

Discuss whether horizontal or vertical boundaries have been changed, and whether they were extended or shrunk. Following the September 11, 2001 attacks, the U.S. government established the Department of Homeland Security.

  Which market structure would you classify airline industy

Given this structure, why is it that there is little price competition between carriers on the same route Why is there not more price competition If they do not choose to compete on price in most cases, how do they compete with one another What..

  Qjp morgan chase and co1 give a brief overview of your

q.jp morgan chase and co1. give a brief overview of your company the business it is in and its financial performance.2.

  Assume the elasticity of supply of cigarettes

The elasticity of demand for cigarettes is estimated to be about - 0.5. Assume the elasticity of supply of cigarettes is 1. If the government places a tax of $0.60 on cigarettes, how much will the price of cigarette increase (approximately)?

  Worker employment tax-burden-employment and market wage

Consider a new per-worker employment tax on workers (where previously there was no tax). Outline the consequences of this tax on the local labor market. Use appropriate, clear, and well-labeled diagrams. In your answer show (1) the burden of the tax ..

  Subsistence labor norms when one needs to create wealth

Discuss why commercial labor norms are superior to subsistence labor norms when one needs to create wealth.

  What will happen to the value of the dollar

what will happen to the value of the dollar? Use the demand-supply model of the dollar to explain.

  Congress and state legislatures

What steps can Congress and state legislatures take to alleviate a serious national shortage of skilled providers. Research suggests medical errors have been linked to inadequate staffing.

  Can jud be held to the typewritten amount

If Jud offered the Krauses one price and inadvertently typed a different, higher price into the contract, can Jud be held to the typewritten amount?

  Illustrate what is the short run total cost of producing

Currently, boats rent for $500 per day and workers cost $100 per day. Suppose your company decided purchase 12 shrimp boats (Jenny 1 - Jenny 12). These boats are a fixed resource for the firm. Illustrate what is the short run total cost of produci..

  What the balance sheet will look like

Elucidate how Illustrate what the balance sheet will look like (comparison to above) if Brimstone declares a 10% stock dividend.

  The unemployment produced by fluctuations in economic

Which of the following equals the market value of all final goods and services produced in an economy, stated in the prices of a specific base year?

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