illustrate and explain e the consumer equilibrium ender cardinalist and ordinalist?
when does consumer attain equilibrium under the 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.)
In the context of price discrimination, equilibrium occurs when a firm charges different prices to different consumer segments based on their willingness to pay, maximizing its total revenue. This practice allows the firm to capture consumer surplus and increase profits compared to a single-price strategy. The equilibrium price for each segment reflects the marginal cost of serving that segment, leading to a more efficient allocation of resources. Overall, price discrimination can alter market dynamics, often benefiting the firm while potentially disadvantaging some consumers.
under what condition international convergence promote consumer to taste?
it is a state in which market demand = market supply
when does consumer attain equilibrium under the 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.)
A Cardinal Is A Bird Which Is Classified As An Avian
Depend on the change; higher prices or lower ones.
There is no cardinal of Topeka. Topeka is within the Archdiocese of Kansas City currently (2011) under Archbishop Joseph Fred Naumann (2005-present). He is not a cardinal.
It takes 2/3 of the cardinal electors at the time to elect a pope. A cardinal elector is a cardinal under age 80.
Louis XIV
All cardinal under the age of 80 are eligible to vote in a papal conclave. They are known as cardinal electors. For a complete list of all current cardinal electors click here.
he is a good man with a lots of rights.
CARDINAL RICHELIEU, whose proper named is Armand Jean du Plessis, Cardinal-Duke of Richelieu and of Fronsac, was the French Cardinal and Prime Minister of France who effectively ruled the country during Louis XIII's reign.
Jules Mazarin
Jules Mazarin