This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Demand curves and other economic relationships A) are always linear. B) produce linear ... (Read 54 times)

c0205847

  • Hero Member
  • *****
  • Posts: 531
on: Jul 1, 2018
Demand curves and other economic relationships
 
  A) are always linear.
  B) produce linear regression equations.
  C) can take many different functional forms.
  D) are dependent upon the type of advertising done.

Question 2

Can it be efficient for one trader to consume all units of the goods while the other trader consumes nothing? In other words, does this point lie on the contract curve?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ntsoane kedibone

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

Yes, it is a Pareto Optimal point (though perhaps socially undesirable for obvious reasons). In order to improve the utility of one consumer, we must reduce the consumption of the other, thereby making that other consumer worse off.


c0205847

  • Member
  • Posts: 531
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

EAN94

  • Member
  • Posts: 307
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

DNA analysis of phylogenetic relationships among modern and extinct flightless birds by Cooper and c DNA analysis of phylogenetic relationships among modern and extinct flightless birds by Cooper and c
Evolutionary relationships of the modern plant phyla. Evolutionary relationships of the modern plant phyla.
The linear meiosis of Neurospora The linear meiosis of Neurospora
Four different spindle attachments produce four second-division segregation patterns Four different spindle attachments produce four second-division segregation patterns
Global Economic Relationships Global Economic Relationships
Linear programming problems using the simplex method. Linear programming problems using the simplex method.
Video: Reflex arc construction

For a complete list of videos, visit our video library