Indifference curve, Microeconomics

Demonstrate mathematically that
the equilibrium condition MRS  PB
PA is the equivalent of
the utility-maximizing rule MU AP A  MU B
PB
.
Posted Date: 11/16/2012 10:28:41 AM | Location : Pakistan







Related Discussions:- Indifference curve, Assignment Help, Ask Question on Indifference curve, Get Answer, Expert's Help, Indifference curve Discussions

Write discussion on Indifference curve
Your posts are moderated
Related Questions
The demand curve for gasoline is P = 200 - 10Q.   a. Find the elasticity of demand for a quantity of 8.  Does this number imply that quantity demanded is sensitive to price chan

Problem: i) What is meant by ‘own' price elasticity of demand? What factors are likely to affect the size of this elasticity? ii) A publicly owned bus line is running at

Definition and graph of centralized cartel

Problem 1: Write short notes on all of the following: (a) Log Linear regression model (b) Lin-Log regression model (c) Individual versus Overall Significance Probl

Question 1: ? deduce the causal factors behind technological developments in different cultures and during different periods of human history ? assess the basis of common cr

Money facilitates market activities and is essential in complex market systems.  With money people can avoid the problems  associated with coincidence of wants.  Between, these pro

explain the concept of producers'' equilibrium

what is Microeconomics?

Please provide detailed answers, showing all your work, to all five sections in problem 15.9 in the Nicholson and Snyder book. This is an individual take home task due at 11:59pm o

draw the supernormal curve