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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
How many stocks are traded in the Dow Jones?
Dow Jones has 30 major stocks included, that's why from time to time its referred to as a Dow30.
How will technological advances affected the production possibilities curve?
Let's briefly explore each one of these and see how they shift the curve. Probably what you hear about most in economics is how changes in technology affect the curve. For example, let's say the country discovers a new technology, such as a new computer system that improves productivity. Anything that improves the productivity of workers is good. This causes output to increase, so the production possibilities curve shifts outward, or to the right. On the other hand, let's say a major war causes destruction of capital equipment in the country. This would cause output to decrease, so in this case, the production possibilities curve shifts inward, or to the left.
Which of these events would indicate a movement along a supply curve for batteries?
Workers at a major battery factory go on strike and stop production.If there was a change in the price of batteries would indicate movement along the supply curve. For example if the battery manufacturer raised the price of AA batteries from 3.50 to 3.95 since it would cause movement along the curve. In an ideal economics situation the price would change if the demand shifts or the supply shifts or the change in price will fall back to being equal.
Why long run average cost curve is U shape?
In long run non of the factors are fixed,long run average cost is the locus of envelope point of various SATC's. The operation of law of returns to scale is major reason for the U shaped of LAC.
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
The first major persecution was ordered by Emperor?
Emperor Decius
When did Major Thomas Jones die?
Major Thomas Jones died in 1713.
When was Major Thomas Jones born?
Major Thomas Jones was born in 1665.
When was Major Jones born?
Major Jones was born on 1953-07-09.
What was a major of baroque art?
Dramatic presentation
What was a major feature of baroque arts?
Dramatic presentation
What has the author Major J Jones written?
Major J. Jones has written: 'Black awareness'
What was the major issue when Anson Jones was president?
he had major debt
What was the major feature in Baroque art?
dramatic presentation
What were the two major types of greek plays?
Tragedies and Dramatic Comedies
Major dramatic question or MDQ is?
*The ideal around which the play is organized
