Consumers choice is further constrained

Assignment Help Microeconomics
Reference no: EM13696661

In addition to preferences, a consumer’s choice is further constrained by

A. an equilibrium market where utility is minimized

B. a rising marginal utility curve

C. income and commodity prices

D. nothing

E. the face that the optimal market basket is rarely the equilibrium market basket

Reference no: EM13696661

Questions Cloud

Indicate that a perfectly competitive firm : Which of the following conditions would indicate that a perfectly competitive firm should expand its output to increase its profit?
Regulators manage the moral hazard from various protections : Describe ways in which bank regulators manage the moral hazard from the various protections given to the banking industry. Suppose you are graduating and your rich Uncle makes you an offer. You can accept $5,000 from him today or wait 3 years and rec..
Evaluating projects-robotic-transfer machine was installed : An evaluating projects, Lead Tech’s engineers use a rate of 15%. One year ago a robotic-transfer machine was installed at a cost of $38,000. At the time, a 10-year life was estimated, but the machine has had a downtime rate of 28%, which is unaccepta..
Monopolistic market structure : Which of the following conditions would be least likely to lead to a monopolistic market structure?
Consumers choice is further constrained : In addition to preferences, a consumer’s choice is further constrained by
A consumer is in equilibrium when : A consumer is in equilibrium when
Countries that attemps to be completely selfsufficient tend : In general, individuals and countries that attemps to be completely selfsufficient tend to
Variable input in the transportation of crude oil : Which of the following is most likely to be a variable input in the transportation of crude oil?
Investment account beginning next year-initial investment : Bill decides to start a 401(k) investment account beginning next year with an initial investment of $500. His plan is to make annual investments which increase by $100 each year. If bill earns 10% on his investment, his 401(k) account will be worth h..

Reviews

Write a Review

 

Microeconomics Questions & Answers

  How does banks finding relate to economists traditional

Recently, a bank was trying to decide what fee to charge for "expedited payments" - payments that the bank would transmit extra-speedily to enable customers to avoid late fees on cable TV bills, electric bills, and the like.

  Illustrate diagram of market after a tax of t is imposed on

the following claim is often made with respect to per unit taxes imposed on some good or service the producers will

  You are the chief economic advisor of the president of

you are the chief economic advisor of the president of dreamland. right now the country has unemployment of 7.7 . the

  What is the labour force

What is the labour force?

  Value modificationsuppose that g is a matrix game with

value modificationsuppose that g is a matrix game with value v. proof that kg has value k v for any positive real

  Part-11theory of the firmaif in an efficient brewing

part-11.theory of the firmaif in an efficient brewing industry firms operating at lowest possible average cost produce

  Explain the most important characteristic in perfect competi

Explain the most important characteristic in perfect competition, monopolistic competition, oligopoly, and monopolies and relate the characteristic to how these firms can make profits in the short run. In your analysis, make sure to relate an e..

  What min individual increase in effectiveness must result

the engineering department of a large firm is overly crowded. In many cases, several engineers share on office. It is evident that the distraction caused by the crowded conditions reduces the productive capacity of engineers considerably.

  An exam tomorrow

An exam tomorrow, the subject is econometrics(T-tests/linear regression,dummy variables, Functional forms etc.) . the exam consists of 2 parts. First part is 10multiple choice questions to be completed in 45mins. the second 9 multiple choice an..

  Constraint is analogous to an increase in discount rate

Explain why a reduction in the resource constraint is analogous to an increase in the discount rate. Suppose firms perceive a decrease in demand for their product now and in the future. Will this speed up extraction?

  Can you identify factors that led to our countrys trade

can you identify factors that led to our countrys trade deficit? do you believe our country has developed a great

  Find the basis for support that is write the specific

here are some 200 economic integration agreements in effect around the world already far more than even a few years

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