Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Indifference curves present all possible combinations of market baskets that give the similar level of satisfaction to a person.
Indifference Curves
1. Indifference curves slope downward at the right.
If it sloped upward than it would violate the hypothesis that more of any commodity is selected to less.
2. Any market basket remains above and to the right of an indifference curve is preferred to any market basket that remains on the indifference curve.
An indifference map is a set of indifference curves that explains a person’s preferences for every combinations of two commodities.
Every indifference curve in the map reveals the market baskets among which the person is indifferent.
At last, indifference curves cannot cross.
This would disturb or violate the assumption that much is preferred to less.
Neutrality: Bureaucracy is apolitical and neutral. Prof. Frocderich mentions the following features of bureaucracy: (i) differentiation of functions, (ii) qualifications for o
Tariff: A tariff is a tax imposed on the purchase of imports. It is generally imposed in order to stimulate more domestic production of the product in question (rather than meeting
POLICIES FOR SOCIAL INFRASTRUCTURE DEVELOPMENT: The origin of official policies for social infrastructure development is the National Policy of Education, 1986 for the develo
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
In the case of a tax abolition on food staples, what are the short run and long run effects?
FOREIGN TRADE: Interdependence between the economies of the world has increased multifold. External sector in the economy has gained primeimportance. Both exports and imports
How to determine the number of moles of butane by your number of moles of butane? using (PV=nRT)
Determine whether the ff is counted as part of gdp which of the ff statement are included or excluded 1.1A monthly cheque received by an economic stu
how to draw a table of the demand and supply scdule
brief explain of keynesian consumption theory
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd