« previous next »

Author Question: Explain why indifference curves have the following properties: (a) downward slope (b) convex to the ... (Read 110 times)

oliviahorn72

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
Explain why indifference curves have the following properties: (a) downward slope (b) convex to the origin (c) higher curves reflect higher utility (d) non-intersecting
 
  What will be an ideal response?

Question 2

________ is said to exist when the formation of a regional trading group leads to an expansion of trade above pre-group levels.
 
  A) Trade creation
  B) Trade diversion
  C) Trade exclusion
  D) Trade distortion


mariahkathleeen

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 30, 2018
Answer to Question 1

(a) Compensation required for the loss of any one good from the bundle
(b) Bundles with balanced quantities are preferred
(c) More is preferred to less
(d) Maintenance of transitivity of preferences

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Titration curves for (a) glutamate and (b) histidine Titration curves for (a) glutamate and (b) histidine
Summary of Bonds and their Properties Summary of Bonds and their Properties
Survivorship curves "منحنيات البقاء على قيد الحياة" Survivorship curves "منحنيات البقاء على قيد الحياة"
Slope Question Slope Question
Wavelike properties of sound Wavelike properties of sound
Sample lod score curves Sample lod score curves
Video: Renin/Angiotensin (water gain from urine & Na ion and water reabsorption)

For a complete list of videos, visit our video library