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Consumer goods can never be considered capital goods?
FALSE a+ users
What does a consumer's indifference curve do?
A consumer's indifference curve represents a graphical illustration of different combinations of two goods that provide the same level of utility or satisfaction to the consumer. Points along the curve indicate that the consumer is indifferent between those combinations, meaning they would derive equal satisfaction from any of them. The shape of the curve typically reflects the consumer's preferences and the rate at which they are willing to substitute one good for another. Indifference curves never intersect and are typically convex to the origin, illustrating diminishing marginal rates of substitution.
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 .
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
Was Sauk rapids mn the state capital before saint paul?
No, Sauk Rapids was never the state capital of Minnesota. The capital was originally located in Saint Paul, which became the official capital in 1849. Sauk Rapids was considered as a potential capital location, but it ultimately did not succeed in becoming one. Saint Paul has remained the state capital since its designation.
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.
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.
