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Tatiana [17]
4 years ago
11

For which pairs of goods would most people likely have convex indifference curves

Business
1 answer:
sergiy2304 [10]4 years ago
6 0

Answer:

Movie tickets and concert tickets .

Explanation:

The indifference curve is a chart showing a mixture of two products providing equal value and usefulness for the customer.

  • That point on a graph of indifference indicates a customer is oblivious here between two and all points offer him the very same value.
  • The indifference curve method was used not only to describe the actions and demand of customers but also to evaluate and clarify numerous other economic issues.
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Assume the $19,500 Treasury bill, 4% for 15 weeks. Calculate the effective rate of interest.
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                                  ieff  = (1 + 0.04/3.467)^3.467 - 1
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Technological substitution is basically the substitute to another option product of technology.

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