show that the necessary and sufficient conditions for consumer equilibrium under both cardinal and ordinal utility theories are identical .

Posted Date: 11/5/2014 9:17:02 AM | Location : Kenya

Ask an Expert

Related Discussions:- intermediate microeconomics, Assignment Help, Ask Question on intermediate microeconomics, Get Answer, Expert's Help, intermediate microeconomics Discussions

Write discussion on intermediate microeconomics
Your posts are moderated

Write your message here..

Related Questions

Law of conservation, Law of conservation of mass was proposed by Lavoisier ... Law of conservation of mass was proposed by Lavoisier & verified by Landolt. According to Law of conservation of mass law Matter is neither created nor destroyed in the course of c

Standard electrode potentials, Measured cell emf are the basis for standard... Measured cell emf are the basis for standard electrode potentials. chemistry assignments A method for the presentation of the data obtained from measurements of the equilibrium

How does a firm maximize their total revenue, The definition of a price mak... The definition of a price maker is states as “firm with some power to set the price bcoz the demand curve for its output slopes downward”, that in effect, mean those firms with a d

Cournot firms reaction function, Duopolist P=20-0.1Q where Q=QA+QB CA=QA CB... Duopolist P=20-0.1Q where Q=QA+QB CA=QA CB=0.1QB2

Narrowness of definition of the commodity, Question : (a) Explain why... Question : (a) Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether c

Theory of profit, theory of profit theory of profit

Supply of labour, what is the influence of an increase of migrants on the m... what is the influence of an increase of migrants on the market supply labour

Using the Keynesian income-expenditure model analyse the imp, any ideas? any ideas?

Avogadro''s hypothesis, AVOGADRO''S HYPOTHESIS In equal volumes of gases i... AVOGADRO''S HYPOTHESIS In equal volumes of gases including all under similar conditions of temperature & pressure keeps equal number of molecules. Avogadro''s law and Applicatio

Economic Principles , During the 1990s, technological advance reduced the c... During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in terms of pr