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curve that maps an individual's alternative combinations of goods where they receive the same amout of utility. It shows all the points where one is satisfied to the same extent with different combinations of goods (usally two on a graph)
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Explain what happens when the demand curve intersects with the supply curve?
explain what happens inside curve sample
Explain the consumer equilibrium with the help of indifference curve?
Explain the consumer equilibrium with the help of indifference curve?
Movement along a demand curve?
explain graphically the movement along the demand curve
Explain the link between income consumption curve and Engel curve?
Its the same I think :)
For a given increase in supply the slope of both demand curve and supply curve affect the change in equilibrium quantity Is this statement true or false Explain with diagrams?
For a given increase in supply the slope of both demand curve and supply curve affect the change in equilibrium quantity Is this statement true or false Explain with diagrams?
What is the point where the consumer can get the most satisfaction and which at the same time he or she can afford?
The point of tangecy between the consumers buget constraint and highest atainable indiference curve. To find this you make the slopes equal each other. The slope of the indiference curve is the marginal rate of substitution (mux/muy) and the slope of the buget constraint is the price of the horizontal good divided by the price of the virtical good (px/py). Mux/muy=px/py
Explain what happens when the demand curve intersects with the supply curve?
explain what happens inside curve sample
Explain the consumer equilibrium with the help of indifference curve?
Explain the consumer equilibrium with the help of indifference curve?
What is the nature of the J-curve?
example of a J-curve population in nature? Explain.
What is diagram and explain The classical curve of economics?
How do you draw the total product Curve:
Movement along a demand curve?
explain graphically the movement along the demand curve
Explain the link between income consumption curve and Engel curve?
Its the same I think :)
Explain the B-H curve?
hysteresis losses
For a given increase in supply the slope of both demand curve and supply curve affect the change in equilibrium quantity Is this statement true or false Explain with diagrams?
For a given increase in supply the slope of both demand curve and supply curve affect the change in equilibrium quantity Is this statement true or false Explain with diagrams?
Explain long run L - shaped cost curve?
L shapes cost curvr is a long run cost curve
Draw a production possibility curve and use it to explain scarcity choice and opportunity cost?
Production Possibility Curve this is an image of a ppf/ ppc
Explain why the term bell curve is appropriate for a graph of a normal distribution of traits?
No
