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3 years ago

Briefly explain the value of an indifference curve to the economist

2 answers:

6 0

Answer: An indifference curve shows a combination of two goods that give a consumer equal satisfaction and utility thereby making the consumer indifferent.

Explanation: :)

Lynna [10]3 years ago

3 0

An indifference curve is simply the curve that shows the combination of the two goods that will give the consumer an equal utility and satisfaction therefore the consumer will be indifferent.

Some of the characteristics of the indifference curve include:

1. It slopes slop downward to the right. This implies that the increase in the quantity of one commodity will lead to the reduction in the quantity of the other commodity.

2. The indifference curve can't intersect each other.

3. Indifference curve to the right simply means a higher level of satisfaction.

4. Indifference curves are always convex to the origin.

The importance of the indifference curve include:

• It can be used in measuring the standard of living.

• It can be used in knowing if a consumer is better off or not by comparing two periods of time and the income and price changes.

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Is young adulthood better characterized as a period of health-improving lifestyles or health-impairing lifestyles?

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Is young adulthood better characterized as a period of health-improving lifestyles or health-impairing lifestyles? ... Young adulthood is a period of health-improving because this is an important time when peak physical performance is obtained between 19 and 26 years old.

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3 years ago

After the death of his mother, Srulik covers the mirrors in his home, makes a cut in his necktie to symbolize the loss he has ex

Leokris [45]

Answer:

"mourning"

Explanation:

According to my research and personal experience on Grief Counseling, Srulik's actions best describe his "mourning" process. This is a process that everyone goes through when they experience the death of a loved one in their lives. This process is different for every person and helps the person cope with the loss.

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3 years ago

5. Describe two political problems they South faced after the Civil War:

nika2105 [10]

Answer:

The most difficult task confronting many Southerners during Reconstruction was devising a new system of labor to replace the shattered world of slavery. The economic lives of planters, former slaves, and nonslaveholding whites, were transformed after the Civil War.

Explanation:

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3 years ago

Ayita has no trouble when asked to place stickers on a map to indicate the location of colored flags within a large-scale outdoo

myrzilka [38]

The correct answer would be, 12.

Ayita has no trouble when asked to place stickers on a map to indicate the location of colored flags within a large scale outdoor environment. Ayita is probably 12 years old.

Explanation:

The given question is related to the Cognitive Development stages in a child's life.

According to the study on the cognitive development of children, Information processing, Conceptual Resources, Perceptual Skills, Language Learning, and other mind related development happens according to the age of the children.

So in the given question, when Ayita is able to put stickers on a map to indicate the location of colored flags within a large scale outdoor environment, she has developed the handling of conceptual resources, information processing. So she is probably falls in the age above 12.

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4 years ago

An extended association , often sustained in every element (character, plot, setting, etc.) and throughout an entire work betwee

alexandr1967 [171]

An extended association often sustained in every element (character, plot, setting, etc.) and throughout an entire work between two levels of meaning is an allegory.

<h3><u>What do you understand by allegory?</u></h3>

A narrative story that delivers a difficult, ambiguous, or complex message is an allegory. It accomplishes this through narrative. A writer can use a story about a talking tortoise and a pompous hare to illustrate the benefits of perseverance and the dangers of arrogance instead of explaining these concepts.

Good stories have an inherent attraction for humans. Allegory capitalizes on our propensity for narrative by utilizing a story to discuss significant, ethereal, or challenging concepts.

Sometimes the point a writer is trying to make is too harmful to discuss openly. In these situations, metaphor puts a barrier between the writer and the message. Biblical, classical, or modern traditions are the ones most frequently used to classify allegory. You may occasionally find it separated according to the literary device it makes use of, such as personification allegory or symbolic allegory.

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2 years ago

Briefly explain the value of an indifference curve to the economist​

Briefly explain the value of an indifference curve to the economist