What are the two assumptions economists make about consumer preferences?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (10 reviews)
The two key assumptions economists make about consumer prefer...View the full answer
Answered By
Sumit kumar
Education details:
QUATERNARY Pursuing M.Tech.(2017-2019) in Electronics and Communication Engg. (VLSI DESIGN) from
GNIOT Greater Noida
TERTIARY B.Tech. (2012-2016) in Electronics and Communication Engg. from GLBITM Greater Noida
SECONDARY Senior Secondary School Examination (Class XII) in 2012 from R.S.S.Inter College, Noida
ELEMENTARY Secondary School Examination (Class X) in 2010 from New R.J.C. Public School ,Noida
CERTIFICATION
Summer Training in ‘WIRELESS EMBEDDED SYSTEM’ from ‘XIONEE’ for the six weeks.
EMBEDDED SYSTEM Certificate issued by CETPA INFOTECH for one day workshop.
Certificate of Faculty development program on OPTICAL COMMUNICATION and NETWORKS for one week.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Micro Economics questions
-
What are the two types of consumer credit?
-
What are the two main types of consumer credit?
-
What are the two simplifying assumptions in net present value analysis?
-
Calculate the heat released as 35.5 g of copper (0.0920 cal/g x C) cools from 50.0 C to 25.0 C.
-
A company plans to issue shares and wants to know the SECs stance on the accounting treatment for the costs of issuing stock. Can these costs be deferred, or must they be expensed immediately?
-
What strategy can Robin Hood implement?
-
Enter the information from Exercise 2 into Project 2010. View the network diagram and task schedule table to see the critical path and float or slack for each activity. Print the Gantt chart and...
-
Given the following business scenario, create a Crows Foot ERD using a specialization hierarchy if appropriate. Granite Sales Company keeps information on employees and the departments that they work...
-
Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own manager. Each responsibility performance report only includes those costs...
-
In a LAN with a link-layer switch (Figure 1.8b), Host 1 wants to send a message to Host 3. Since communication is through the link-layer switch, does the switch need to have an address? Explain....
-
Rob Neyer is a baseball writer for sbnation.com. He has described attending a Red Sox game at Fenway Park in Boston and having a seat in the sun on a hot, humid day: "Granted, I could have moved...
-
Dave has $300 to spend each month on DVDs and CDs. DVDs and CDs both currently have a price of $10, and Dave is maximizing his utility by buying 20 DVDs and 10 CDs. Suppose Dave still has $300 to...
-
First, complete TRY THIS Exercise 1. Then, if necessary, create a new project named TryThis8 Project, and save it in the Cpp8\Chap04 folder. Enter the C++ instructions from TRY THIS Exercise 1 into a...
-
Carrie enjoyed observing wildlife in natural habitats. She wanted to be able to hide at a distance but observe wildlife close up in a variety of circumstances. She visited five different shops and...
-
The operating budget for a certain company shows a net income of $350,000. To achieve this, the company is targeting sales of $637,000, variable costs of $280,280, and fixed costs of $6,720. Compute...
-
What is the output? for (i=0; i
-
a) For silicon, if EG decreases by 0.078 eV, by what fraction does n; increase (assume T is constant at 300K)? b) If the temperature rises from 300K to 600K, by what additional fraction does n;...
-
LOTR (1p) Frodo and Sam need to get to Mordor to destroy the One Ring, but they don't know the exact way. They met a creature called Gollum who claims to know the best way to Mordor. Gollum is...
-
Repeat Problem 1 for the following gears: N = 180; P d = 80 Problem 1 A gear has 44 teeth of the 20, full-depth, involute form and a diametral pitch of 12. Compute the following: (a) Pitch diameter...
-
The following T-accounts show postings of selected transactions. Indicate the journal used in recording each of these postings a through e. Cash Accounts Receivable Inventory (d) 500 (e) 300 (b)...
-
Suppose that the economy is initially in equilibrium at potential GDP. If there is a decrease in aggregate demand, use an ADAS graph to show the effects on the price level and the output level in the...
-
What policies might the Federal Reserve use to counteract an aggregate demand shock?
-
What is the primary reason that households and firms demand money? Why is the demand for real money balances downward sloping?
-
Flexible manufacturing places new demands on the management accounting information system and how performance is evaluated. In response, a company should a. institute practices that reduce switching...
-
Revenue and expense items and components of other comprehensive income can be reported in the statement of shareholders' equity using: U.S. GAAP. IFRS. Both U.S. GAAP and IFRS. Neither U.S. GAAP nor...
-
Kirk and Spock formed the Enterprise Company in 2010 as equal owners. Kirk contributed land held an investment ($50,000 basis; $100,000 FMV), and Spock contributed $100,000 cash. The land was used in...
Study smarter with the SolutionInn App