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Consumer goods can never be considered capital goods.?
FALSE a+ users
Why are all goods scarce?
Generally, because supplies are never infinite, the opposite of scarce. For many goods, demand is constant or growing, and supply is NOT.
Command economies as in the former Soviet Union often have terrible shortages of common consumer goods like bathroom tissue How do market economies usually avoid such terrible shortages?
In market economies consumers learn not to want things that are not supplied, so there can never be a real shortage in a market economy.
Explain the consumers equilibrium with the help of indifference curve technique?
Meaning of Consumer's equilibriumConsumer's equilibrium is that point in which consumer consumes the combination of two goods by his limited income. He gets maximum satisfaction from these goods and never changes this situation. If he will change this point, his level of satisfaction will decrease.We can explain consumer's equilibrium with the help of indifference curve. Before explain this we need to understand following termsIndifference curveIndifference curve shows the combination of two goods which a consumer is consuming. For increasing one good's one unit, he has to leave some quantities of other second goods. The sacrificing of second goods quantity will decreasing because, law of diminishing marginal rate of substitute will apply on it.Income apple ( 0.50 per unit ) orange ( Rs. 1 per unit ) Four rupees 8 0 Four rupees 6 1 Four rupees 4 2 Four rupees 2 3 Four rupees 0 4Condition of Consumer EquilibriumPrice line must be the tangent to indifference curveIt is not necessary that price line cut indifference curve, but it is important that price line must be tangent to indifference curve. Price line when touches indifference curve, then it means that Marginal rate of substitute of apple and orange will equal to the ratio of price of apple and orange .
Which of the following best explains what makes allocation decisions nescessary?
There are never enough goods and services to satisfy all wants and needs
Consumer goods can never be considered capital goods.?
FALSE a+ users
Can consumer goods never be considered capital goods?
FALSE a+ users
What are the perceived problems with consumerism?
The perceived problems of consumerism is an insatiable lust for consumer goods that can never be sated. The consumer is constantly looking for the next new thing.
How did consumers contribute to the Industrial Revolution?
the inventions of the industrial revolution increased the supply of consumer goods as never before in history.
How would you describe an unsought good?
Unsought goods are products that consumers do not want, use, or even think about purchasing. An unsought shopping good could be a product that a consumer may not even know about--or knows about but has never considered purchasing.
When was Norwich the capital of England?
Norwich has never been the capital of England. It was a regional capital under the Romans, but never the capital of the whole country.
City that could have beed Australia's capital city?
Judging from the categories I suspect you want to know that South Australia nominated Mt Gambier for consideration to be the nations capital, but it was never really seriously considered.
Was Birmingham the capital of UK?
No, it has never been the capital
What are unlimited goods?
Unlimited goods is something that never runs out. Example: I have a phone and everything is Unlimited. that means that you can use it and it never runs out.
What are ohios goods?
no one would under stand you never will never have
Was Seville ever the capital of Spain?
Sevilla was never the capital of Spain.
Was Senghenydd ever the capital of Wales?
No, Senghenydd was never the capital of Wales.
