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What is Consumer equilibrium under ordinal utility approach?
Consumer equilibrium is the point where consumer attains highest level of satisfaction. There are two conditions of equilibrium under ordinal approach 1- Necessary Condition: 'Budget line is tangent to the highest possible indifference curve.' 2- Sufficient Condition: 'At equilibrium, Indifference curve must be convex to the origin' Thus, at equilibrium , Px/Py (absolute slope of Budget line) = dy/dx (absolute slope of Indifference Curve) (In simple words, it'd determination of consumer's equilibrium with the help of Indifference curve.)
Consumer equilibrium utility approach?
when does consumer attain equilibrium under the utility approach
How much is a generic monopoly game?
I don't know what you mean by generic Monopoly but you can get some Monopoly varieties for under $10. The original doesn't cost much more.
How will equilibirium be determined under discriminating monopoly with two markets?
It will be so because it will not achieve a social equilbrium of marginal benefit (demand) = marginal cost (supply). It will instead set a private profit equilibrium where private benefit (marginal revenue) = marginal cost and thus create a deadweight inefficiency equal to the difference in total social surplus between the regions.
What company operating under condition of monopoly and oligopoly?
There may be a case for government, the welfare consequences of monopoly, duopoly or oligopoly.
What information does the equilibrium constant give about reaction?
The equilibrium constant (K) gives information about the extent of a chemical reaction at equilibrium. It indicates the ratio of products to reactants at equilibrium and can help predict the direction the reaction will proceed under certain conditions.
What is the equilibrium criteria?
The equilibrium criteria summarize the conditions under which a system reaches a stable state with no net change. In physics, for example, equilibrium is achieved when the sum of all forces acting on an object is zero. In chemistry, equilibrium occurs when the rates of the forward and reverse reactions are equal.
What temperature is the reaction at equilibrium?
The temperature at which a reaction reaches equilibrium can vary depending on the specific reaction and its conditions. For some reactions, the temperature at equilibrium may be higher, while for others it may be lower. The equilibrium temperature is determined by the enthalpy change of the reaction and the equilibrium constant.
Discuss the conditions under which you would expect apomixes to evolve?
This is not a question, it is a home work assignment. do your home work for you.
A Under equilibrium conditions and T 0 K what is the probability of an electron state being occupied if it is located at the fermi level?
one
If a reaction system at equilibrium contains mostly product then?
the reaction is likely to be product-favored, meaning the equilibrium constant (Kc) is greater than 1. This suggests that the forward reaction is favored under the given conditions. The system will resist changes that disrupt the equilibrium and will tend to shift back towards the reactants if conditions change.
When does an equilibrium occur?
An equilibrium occurs when the rate of the forward reaction equals the rate of the reverse reaction. This means that the concentrations of reactants and products remain constant over time. Equilibrium can only be reached in a closed system under certain conditions, such as constant temperature and pressure.
If a eaction has an equilibrium constant just greater than 1 what type of reaction is it?
If the equilibrium constant for a reaction is just greater than 1, it indicates that products are favored at equilibrium. This suggests that the reaction proceeds further towards the products side under standard conditions.
Briefly explain the concept of comparative static derivatives?
comparative statics is a comparative study of economic conditions at two equilibrium positions under two static conditions at two different points in time. in a comparative static analysis, in fact, we are comparing the equilibrium values of the system corresponding to the two equilibrium positions with one another. this sort of comparative analysis of two equilibrium positions may be described as comparative static analysis.
Is the equilibrium constant of a reaction apex?
No, the equilibrium constant of a reaction is not described as "apex." The equilibrium constant (K) is a numerical value that expresses the ratio of the concentrations of products to reactants at equilibrium for a given chemical reaction at a specific temperature. It provides insight into the extent of the reaction but does not indicate a peak or highest point. Instead, it reflects the balance between reactants and products under equilibrium conditions.
What island is under Sicily?
Monopoly Island
What is Consumer equilibrium under ordinal utility approach?
Consumer equilibrium is the point where consumer attains highest level of satisfaction. There are two conditions of equilibrium under ordinal approach 1- Necessary Condition: 'Budget line is tangent to the highest possible indifference curve.' 2- Sufficient Condition: 'At equilibrium, Indifference curve must be convex to the origin' Thus, at equilibrium , Px/Py (absolute slope of Budget line) = dy/dx (absolute slope of Indifference Curve) (In simple words, it'd determination of consumer's equilibrium with the help of Indifference curve.)
