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In a quasilinear preference what is the only condition for to be consumed together?
In economics and consumer theory, quasilinear utility functions are linear in one argument, generally the numeraire. Formally, for example, such a utility function could be written U(x,y) = u(x) + by, where b is a positive constant. Then if u'(x) > 0 and u''(x) < 0, the indifference curves are parallel. Because in standard consumer theory utility functions are ordinal, one may assume without loss of generality that b = 1.
These links will lead you to a detailed explanation :
http://www.econ.ku.dk/grodal/RES.pdf
http://www.hks.harvard.edu/nhm/notes/not…
What else can I help you with?
What kind of good is consumed together like peanut butter and jelly?
Complementary goods are consumed together.
How do indifference curves for complementary goods illustrate the relationship between the quantities of two goods that are consumed together?
Indifference curves for complementary goods show that as the quantity of one good consumed increases, the quantity of the other good consumed also increases to maintain a certain level of satisfaction. This illustrates the interdependence between the quantities of two goods that are consumed together.
Items used or consumed together in order to function best defines?
Items used or consumed together in order to function best define "complementary goods." These are products or services that enhance each other's utility when used in conjunction, such as printers and ink cartridges or coffee and sugar. The demand for one item typically increases the demand for its complement, as they provide a more complete solution or experience when paired together.
Can you define what a complementary good is and provide an example to illustrate its relationship with another product?
A complementary good is a product that is typically used together with another product. An example of this is peanut butter and jelly. Peanut butter and jelly are often consumed together, making them complementary goods.
What is the relationship between a complementary good and the main product it is paired with?
A complementary good is a product that is typically used together with another product. The relationship between a complementary good and the main product it is paired with is that they are often purchased or consumed together because they enhance each other's value or utility. When the price of one product changes, it can impact the demand for the complementary good as well.
Does a mixture of lemon and honey have side effects when consumed together?
No it has no side effects when consumed together
What kind of good is consumed together like peanut butter and jelly?
Complementary goods are consumed together.
How do indifference curves for complementary goods illustrate the relationship between the quantities of two goods that are consumed together?
Indifference curves for complementary goods show that as the quantity of one good consumed increases, the quantity of the other good consumed also increases to maintain a certain level of satisfaction. This illustrates the interdependence between the quantities of two goods that are consumed together.
What is the condition of material closely packed together called?
The condition of material closely packed together is called "dense" or "compact."
Can you mix Effexor and Oxycontin together?
If you did you could seriously damage the body if consumed and possibly die.
What is the past participle of get together?
Had gotten together. Present - We are getting together. Future - We will get together. Past - We got together. Past Participle - We had gotten together.
What is The actual material that is consumed by a fire is?
The actual material that is consumed by a fire is usually a combination of fuel, oxygen, and heat. The fuel can be anything that can burn, such as wood, paper, or gas. When these elements come together in the right conditions, combustion occurs and the material is consumed by the fire.
How much meat is consumed annually in the US?
The amount of meat consumed in the U.S. is hard to calculate because of the types of food grouped together in the "meat" category. In 2012, meat companies produced more than 26 billion pounds. This is just what was produced in the U.S, not what was consumed or wasted.
Why is domestic violence more common at Christmas?
Because it is a time when families come together and more alcohol is consumed.
What Goods that are normally consumed together like peanut butter and jelly are what kind of goods?
They are called complementary goods.
Does calcium cancel out iron absorption in the body?
Yes, calcium can inhibit the absorption of iron in the body when consumed together.
Goods that are normally consumed together like peanut butter and jelly are What kind of goods goods?
They are called complementary goods.
