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A demand curve with Unitary Elasticity at all points is?
Is negatively sloped linear curve
What is the shape of the marginal-revenue curve if the total-revenue curve is a positively sloped straight line?
it will be parallel to horizantal axis
Why indifference curves are always negatively sloped?
its something to do with a non satiation assumption. ie if all the bundles on the indifference curve are "goods" (actively wanted products) then the indifference curve slopes downward from L to R. if there is a "good" and a "bad" on the curve then it will be positively sloped. (upward from L to R)
Why demand curve is negatively sloping?
The demand curve is negatively sloped to represent the declining marginal utility from consumption. At greater quantities of consumption each additional unit of a good consumed will yield relatively less utility, thereby reducing the marginal willingness to pay for that good.
Why supply curve is positively sloped?
Increasing population creates increasing demand for goods
A demand curve with Unitary Elasticity at all points is?
Is negatively sloped linear curve
What is the difference between a heating curve and a cooling curve?
heating curve is hotter than the cooling curve
Does NOT represent a step on the heating curve of water?
A horizontal line indicating a phase change from solid to liquid or liquid to gas does not represent a step on the heating curve of water. Instead, it represents the energy required for the phase change to occur without a change in temperature.
What is the shape of the marginal-revenue curve if the total-revenue curve is a positively sloped straight line?
it will be parallel to horizantal axis
Why indifference curves are always negatively sloped?
its something to do with a non satiation assumption. ie if all the bundles on the indifference curve are "goods" (actively wanted products) then the indifference curve slopes downward from L to R. if there is a "good" and a "bad" on the curve then it will be positively sloped. (upward from L to R)
Why demand curve is negatively sloping?
The demand curve is negatively sloped to represent the declining marginal utility from consumption. At greater quantities of consumption each additional unit of a good consumed will yield relatively less utility, thereby reducing the marginal willingness to pay for that good.
Why supply curve is positively sloped?
Increasing population creates increasing demand for goods
What are the major characteristics of an indifference curve?
The three major characteristics of an indifference curve are: 1. They are negatively sloped 2. They are convex to the origin 3. Indifference curve cannot be intersected
Why is the short run supply curve positively sloped?
The short run supply curve is positively sloped because it has positive outputs.The profits are high and maximised.Short run decision for a firm is the quickiest and the most risky way to maximise profits in the short period of time.In the short run decision profits are usually reached which means that the firm didn't loose so the curve must be positively sloped as the firm is not in minus. hope I helped.....
Why is the demand curve negatively sloped?
The demand curve is negatively sloped to represent the declining marginal utility from consumption. At greater quantities of consumption each additional unit of a good consumed will yield relatively less utility, thereby reducing the marginal willingness to pay for that good.
Heating curve illustrates what?
When a substance is heated, a heating curve shows the changes in temperature as well as the physical state of the substance. A heating curve can chart the temperature versus the time elapsed as the changes take place.
How is price elasticity of demand measured on a particular point on a negatively sloped demand curve?
point method
