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- A condition in which all acting influences are canceled by others, resulting in a stable, balanced, or unchanging system.
Wiki User
∙ 14y ago
Wiki User
∙ 12y agoCONSUMER EQUILIBRIUM
This refers to the combination of two goods that yield the maximum utility given the budget constaint
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Define consumer's surplus Explain the difficulties in its measurement?
It's the amount a buyer is willing to pay for a commodity, minus the actual amount the buyer pays.
What 6 things do protocol define?
Define processes on either end of communication. Define the types of messages. Define the syntax of messages. Define the meaning of any informational fields. Define how the messages are sent and the expected response. Define interaction with the next lower layer.
Define define without using the word define?
It explains the meaning of something. To define: To describe or outline the functional characteristics of a word or object.
How can you use define in a sentence?
They were unable to define the word properly. He used chalk to define the edges of the figure.
Define and elaborate on market margin?
Define and elaborate on market margin?
Define a consumer?
Someone that buys a product or object is what a consumer is.
Define business to consumer?
consumer is an ultimate user , who buys goods and services in exchange with money
Describe the role of prices in market economics define the equilibrium of a market descrobe the forces that move a market toward its equlibrium?
Generate a debate about competitive market? How in your opinion a Competitive market can be evolved?
Define an international consumer?
An international consumer is a purchaser of goods/services overseas in other countries and continents.
What define members of the global consumer class?
my name is someone
Define quaternary consumer?
an animal that eats a tertiary consumer e.g. grass grasshopper toad snake hawk the hawk is the quaternary consumer
Define consumer behavior?
define consumer behaviour as 'the process and activities people engage in when searching for, selecting, purchasing, using, evaluating, and disposing of products and services so as to satisfy their needs and desires'.'
How would you define a knowledge gap?
Knowledge gap --The difference between the consumer's service expectations and management's perception of consumer's expectations
How much tax money from consumer goods goes to the government?
All tax money (however you want to define it), from consumer goods (however you want to define it), goes to the or a government. Aee related question link below
Define consumer perception?
Consumer perception is the overall impression that a consumer has regarding the worth, status and importance of a product. Consumers always rank one product to that offered by a competitor.
Define the word consumer?
A consumer is an organism that uses other organisms for food in order to gain energy.
How would one define the term consumer staples?
Someone can define the term consumer staples as essential products such as food, beverages, clothing, and household items. These are products that families will not being willing to cut out of their budget regardless of costs.
