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2 years ago

True or false: it is generally the case that indifference curves have the same shape across all consumers.

1 answer:

7 0

The statement " it is generally the case that indifference curves have the same shape across all consumers." is False

This is further explained below.

<h3>What is the shape?</h3>

Generally, In a contrast to other attributes such as color, texture, or kind of material, a shape or figure is a graphical depiction of an object's exterior border, outline, or external surface.

Shapes and figures may also be used interchangeably. In contrast to solid 3D objects, plane figures and plane shapes are required to flatten out on a plane in order to exist.

In conclusion, False: "it is typically the case that indifference curves have the same form across all customers." This statement is not true.

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Troy will receive $7,500 at the end of Year 2. At the end of the following two years, he will receive $9,000 and $12,500, respec

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Answer:

$33,445.44

Explanation:

The future value of an investment is its worth at a future date if the investment is done at a specific interest rate compounded yearly for certain number of years

It is computed as follows:

FV = PV (1+r)^n

FV = Future Value, PV = present value, r- interest rate, n- number of years

<em>Future value of $7500 after 3 years:</em>

FV = 7500× (1.08)^3 = 9,447.84

<em>Future Value of $9000 after 2 years:</em>

FV = 9000 × (1.08^2) = $10,497.6

<em>Future value of $12,500 after 1 year:</em>

FV = 12500× 1.08 = $13,500

The future value of these cashflows at the end of year 5

= 9,447.8 + 10,497.6 + 13,500

= $33,445.44

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Answer: A. consumer expectation of an increase in their future income.

Explanation:

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A leftward shift in the supply curve for a good simply means that less of that good is supplied. All tye options will cause less of the goods to be supplied except consumer expectation of an increase in their future income.

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