Consumer with convex indifference curves moves

Assignment Help Business Economics
Reference no: EM13885535

A consumer with convex indifference curves moves along her budget line, closer and closer to the horizontal axis. As she is moving

A. The marginal utility she gets from good X declines.

B. The marginal utility she gets from good Y declines.

C. The marginal utility she gets from good X increases.

D. The price ratio changes.

Reference no: EM13885535

Questions Cloud

What is the seasonal-adjusted sales forecast : Demand for a certain product is forecast to be 9600 units for the year 2014. The product follows the seasonal pattern. Based on monthly forecast that were made in 2011, 2012, and 2013 the January seasonal index was calculated to be 1.25. What is the ..
What assessment of wolfensohn''s comprehensive development : What is your assessment of Wolfensohn's Comprehensive Development Frame- work? Does it seem to support conceptions of growth and development?
Using demand and supply analyst : Using demand and supply analyst briefly discuss the effect of each of the following on the market for cigarettes: a cure for lung cancer is found b). The price of cigars increases. c.) Wages increase substantially in states that grow tobacco. d.) A f..
How much would the patient need to cover : A provider charges $200 for an office visit. The insurer's allowed fee is 80% of charges. The beneficiaries pay 20% of the allowed fee. In this case, how much would the insurer pay? How much would the patient need to cover?
Consumer with convex indifference curves moves : A consumer with convex indifference curves moves along her budget line, closer and closer to the horizontal axis. As she is moving
Annual cost of production-what is profit maximizing price : Dylan Co. sells hammers to US retailers. The annual demand for its hammers is d(p)=25,000 × (30 −p) and its annual cost of production is TC(q)= 400,000 + 20q.Its factory has a capacity of 150,000 units. What is the profit maximizing price for Dylan C..
Create a written report pertinent to building a case : Create a written report pertinent to building a case for or against the support of either papers findings: Length guidelines are 5 pages - can be more, but can't be less.
Effort to avoid the adverse selection death spiral : In an effort to avoid the adverse selection death spiral, a private health insurer offers two health insurance policies: one that is intended for those who are more likely to require expensive treatment (and therefore charges a higher premium) and on..
Automobile inventories have been rising : Since August, automobile inventories have been rising. Moreover, recent unemployment numbers suggest that European economies will grow more slowly than expected. What direction are auto prices likely to go?

Reviews

Write a Review

Business Economics Questions & Answers

  1 1because bank funding markets are global and have at

1. 1.because bank funding markets are global and have at times broken down disrupting the provision of credit to

  Exchange for someone doing their tax returns

Caroline has opened a new startup company in web design. Within the first month of business, the startup agrees to maintain an accounting firm’s website in exchange for someone doing their tax returns. Which of the following principles of economic in..

  Situations would you prefer borrowing

In which of the following situations would you prefer borrowing?

  The risk-free rate

A stock has an expected return of 13.2 percent and a beta of 1.18, and the expected return on the market is 12.2 percent. What must the risk-free rate be?

  Use the market relates to vertically integrate

Use the market relates to vertically integrate as:

  What would be better brewery location for minimizing annual

For se shipment patterns, what would be better brewery location for minimizing annual transportation costs to warehouses.

  The market labor supply curve

The market labor supply curve is

  Using the product and expenditure approaches

Assume an economy where there are two producers: a wheat producer and a bread producer. In a given year, the wheat producer grows 30 million bushels of wheat of which 25 million bushels are sold to the bread producer at $ 3 per bushel, and 5 million ..

  Aging production line that constantly needs maintenance

You supervise an aging production line that constantly needs maintenance and new parts. Last month you spent $25,000 replacing a failed controller. Should the following plan be accepted if the interest rate is 15%. The net installed cost of the new l..

  Determine the premium of the european call option mentioned

A European call option allows one to purchase 2 shares of stock B with 1 sare of stock A at the end of a year. A European put option which allows one to sell 2 shares of stock B for 1 share of stock A costs 11.5. Determine the premium of the European..

  With a focus on the concepts introduced in granovetter

With a focus on the concepts introduced in Granovetter (2005), write a brief (1-page) essay comparing his discussion of the Fur of Sudan and Arab merchants with the description in TechCrunch1 of the tech-funding needs in London and the arrival of Sil..

  Producer surplus-consumer surplus-net social benefits

Consider the case of a corn producer. This producer is a monopolist in the corn market. Since corn production uses significant amounts of fertilizers, it negatively affects the environment. Recall that, when a firm is a monopolist, it reduces its pro..

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