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Q: What is true if consuming one unit of a good yields 100 utils and consuming the second unit of the good increases satisfaction by 20 utils?
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What is indifference Curve?

indifference curve is the graphical representation of the bundles of commodities for a given income level or budget that yields equal satisfaction at all the points.


Why do farmers increase crop yields?

Higher yields = increased income.


How does the fed purchase of bonds lower yields?

Yes, it generally raises prices and lowers yields


Behaviour of a consumer if the prices of a commodity change holding his money income constant under the ordinalist approach?

This is a controversial question, but here is my best answer: B=ΔC*S, where S is the stimulus or ordinal utility shift. (e.g. John Doe pays for 5 apples and sells 5 oranges over the course of a day, where apples and oranges are the same price yielding an overall stimulus rate equaling 20 utils. If consuming/selling an apple yields 2 utils, and consuming/selling an orange yields 1 util; selling an apple yields 3 utils, selling an orange yields 2 utils, then B=|0-(2+2+2+2+2)-(1+1+1+1+1)|*20 utils^2/day=100 utils^2/day. Calculating utils by calculating the dominant strategy is a task that economists today labor over. Some say it is possible, while others doubt it. Survey data, ranking choices by their social value, appears to be the best method at present for assessing which product/action people favor/choose.


What is known as a holding that yields at least a subsistence for farmers?

Economic holding

Related questions

How was nitrogen originally used or what was its purpose?

Fertilizing,increases crop yields.


What happens to strength when temperature of solid metal increases?

The pressure at which it yields is reduced as the temperature increases


What is indifference Curve?

indifference curve is the graphical representation of the bundles of commodities for a given income level or budget that yields equal satisfaction at all the points.


What are second and third order effects?

Effects have causes; effects can, and usually do, become causes of another effect(s); and there can be a large number of cause and effect "chains" created based on a single causal event. Thus Cause1 yields Effect1; Effect1 becomes Cause2, which yields Effect2 (second order effect); and Effect2 becomes Cause3, which yields Effect3 (third order effect).


What is the reaction of U3O8 to UF6?

U3O8 + HNO3 yields UNO3 + H2 yields UO2 + HF yields UF4 + F2 yields UF6


What would you expect to result from a decrease in the amount of ozone in the ozone layer?

Increases in: - cataracts - skin cancer - mutations - starvation (reduction in crop yields, loss of arable land)


What are the harmful effects of ozone depletion on crop yields?

It causes harmful activities like skin cancer, cataracts. Mainly children are worst affected. It is also harmful for eyes.


Fertilizers have high yields?

no fertilizer help produce high yields


Why do farmers increase crop yields?

Higher yields = increased income.


What is a sentence using the word benchmark?

Bond yields are generally compared to benchmark yields.


What is a yielder?

A yielder is someone or something which yields a crop, or which yields some other substance.


What is the arrow read as in chemical equations?

It reads as "Yields." The equation is set up as (reactants) (Yield Sign) (Products).