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.
WHAT IA GMP
Economies of Scope The ability of a organization to decrease its unit costs by producing two or more products or services that involve complementary skills, experience and
Discuss about the language and methods of mathematics in modern economics. Language and Methods of Mathematics: This section reviews some fundamental mathematics results
Why do some people believe that a mixed economic system solves basic economic problems? Ans) It is due to the private sector and public sector both have a say in answering the
Problem 1: i) How might unemployment arise? ii) Critically explain how fiscal policy can be used to reduce the unemployment rate in an economy. iii) ‘'Inflation always
Q. Explain General Equilibrium? General Equilibrium: Neoclassical economics presumes that production, employment, investment and income distribution are all determined by a con
EOQ formula The EOQ equation assumes demand is constant and steady. It also assumes that demand for different items is independent. This is inappropriate for controlling inve
Lorie teaches singing.Herr fixed cost are $1000 a month,and it costs her $50 of labor to give one class.the table shows the demand schedule for lorie''s singing lessons. Price
to prepared a projects
explain the concept of producers'' equilibrium
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