0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What are three types of utility in economics?
form utility time utility place utility
Why indifference curve cannot intersect?
Because if they intersected, they would not be "indiffernece" curves. Imagine two intersecting ICs, call them x and y. That means that all points on y have the same utility. Also, all the points on x have the same utility, but that number is different from x. (From this we know that X1 = X2 = X3 = X4 etc etc and the same thing with Y1 = Y2 etc etc where the subscripts are points on the curves). We can refer to each curve by its utility value, call them x and y. So being that they are different curves, we expect them to have different utilities. So, U(x) != U(y). In words, the utility of x is never equal to the utility of y. Now imagine a point at which they cross. We would obviously have a point, let's call it A, where this does not hold true. More importantly though, we need to remember that ALL POINTS ON AN INDIFFERENCE CURVE HAVE THE SAME UTILITY. So back to this interesection at point A, we get X1 = X2 = XA. Also, Y1 = Y2=YA where A is the intersection. From this, we transitively know that X1 = X2 = Y1 = Y2. This creates on obvious problem. It would mean that every point on the two separate indifference curves would have the same utility, which is the complete opposite of the first rule of indifference curves, that all points on them have the same utility.
What are the Different types of utilities created by intermediaries?
There are Six Utilities: Form Utility, Time Utility, Place Utility, Possession Utility, Information Utility, and Service Utility.
What are some economic utilities created by business activities?
Form Utility, Place Utility, Time Utility, Possession Utility, and Information Utility.
Which economic utility is not classified as a marketing utility?
form utility.
Where can one purchase an aluminum utility trailer?
Utility trailers may be purchased either new or used from a direct distributor. One may also find utility trailers at the larger chain home improvement warehouses.
If you already have directx 10 installed why does flight simulator x say you need to install directx 9.0?
Direct X 10 is a completely new Direct X. It as far as i know has nothing to virtually nothing in terms of files from Direct X 10. By installing Direct X9 it will NOT overwrite your direct X10 but what it will do is add the direct X9 files to your direct x and increase compatibility with software that requires the components that belong to DirectX 9. Hope that was helpful
Where can one find more information on Direct X?
Direct X is a type of application programming, mainly for video games. More information on Direct X can be found at the official webpage or from Microsoft's page.
Is direct debit related to banking?
Yes, many people prefer to pay bills by direct debit. What happens is an account holder agrees to alow a company such as a utility to debit the account for the amount owed on the utility. Normally done monthly, this way now check needs to be writen and mailed.
How are proportions related to direct variations?
If two variable, X and Y are in direct variation, then the proportion of X/Y or Y/X has a constant value.
OS X Leopard includes a backup utility called?
Time Capsules
Where can you buy system utility software?
If you are interested in purchasing a system utility software program then you will find several online retailers available. Ebay, Amazon, and Tiger Direct are just a few of the websites available.
What does Mac OS X Snow Leopard include as a backup utility?
Because it did you idiot
In the FPS gaming world What does DX mean?
DX is a symbol for direct x which is the level of graphics a game is using. Many computers will tell you what direct x number it is capable of using. A still great gaming computer could be using direct x 9 but for the best games like Bioshock or Crysis you will want direct x 10.
What is direct variation and how would solve direct variations?
k=0.3 and x=65
How much does a 12 x 6 steel and wood utility trailer weigh empty?
1300lbs
What is an example of a direct proportion in math?
x is ppnal to x by integrationn method
