If an indifference curve is a vertical line, does the amount of the good on the y-axis
Question:
If an indifference curve is a vertical line, does the amount of the good on the y-axis influence the consumer's utility?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
Here marginal rate of subsitution is zero or undefined A vertical indifference curv...View the full answer
Answered By
Morgan Njeri
Very Versatile especially in expressing Ideas in writings.
Passionate on my technical knowledge delivery.
Able to multitask and able to perform under pressure by handling multiple challenges that require time sensitive solution.
Writting articles and video editing.
Revise written materials to meet personal standards and satisfy clients demand.
Help Online Students with their course work.
4.90+
12+ Reviews
38+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Using Figure 4, explain why the point of tangency of the budget line with an indifference curve is the consumers equilibrium position. Explain why any point where the budget line intersects an...
-
In this chapter, we showed an example in which the consumer has preferences for consumption with the perfect complements property. Suppose, alternatively, that leisure and consumption goods are...
-
Multiple Choice Questions: 1. Total fixed costs a. Do not vary with the level of output. b. Cannot be avoided in the short run without going out of business. c. do not exist in the long run. d. Are...
-
If Jody's records show $2,000 in investment by owner, $10,000 in net income, $5,000 in assets and $1,000 in owner's drawings. What is Jody's ending owner's equity on a statement of changes in owner's...
-
On January 1, 2018, Advanced Airline purchased a used airplane at a cost of $60,500,000. Advanced Airline expects the plane to remain useful for eight years (5,000,000 miles) and to have a residual...
-
On 1 July 2015, Richard Ltd acquired all the issued shares of Elizabeth Ltd. The following information relates to the inter entity transactions that have occurred between Richard and Elizabeth to...
-
Name the six components of an IS.
-
You have been approached about doing a consulting job for Choi Hung Company, which is based in southern China. Choi Hung reports its financial results using International Financial Reporting...
-
The rectifier function 0 if x < 0 r(x) = X if x 0 is used in artificial neural networks to model the firing of neurons. However, r(x) is not differentiable at 0. Differentiability can improve the...
-
Complete the following practice exercise by recording your responses on the spreadsheet template. On July 1, three partners, H. Jones, Y. Read, and T. Kent, decided to start up a partnership by...
-
Use these two supply and demand equations to answer the following questions. a. What is the equilibrium price? What is the equilibrium quantity? b. Draw a graph of supply and demand and illustrate...
-
Suppose youre trying to get your friends to go to dinner with you. Which of the following statements is more likely to convince your friends to go out to dinner? Statement 1: The dinner would only...
-
Color blindness appears in 1% of the people in a certain population. How large must a sample be if the probability of its containing a color-blind person is to be .95 or more? (Assume that the...
-
Review again the video clip on the Indian talking stick and intentful listening. Over the course of the next week find an opportunity with someone familiar to experience this kind of communication....
-
What is a situation when you were stereotyped or stereotyped someone? What happened, what was the stereotype, and how it affected communication in the situation? How the situation could have been...
-
Groups and teams can easily become negative in certain situations. I am sure most of us can think back to when this has happened in a work or personal situation! I have found that once a group or...
-
As the CEO a top priority is to ensure safety for staff and patients. To do so I will ensure safety training for all staff on a regular basis. This will keep the mind refreshed in case any...
-
Describe the data in the Evidence Matrix Table, including proper intext citations and reference list entries for each article. 1. Compare and contrast variables within each study. 2. What are the...
-
Bontaine Publications, an accrual basis, calendar year corporation, publishes and sells weekly and monthly magazines to retail bookstores and newsstands. The sales agreement provides that the...
-
In the figure, two loudspeakers, separated by a distance of d1 = 2.63 m, are in phase. Assume the amplitudes of the sound from the speakers are approximately the same at the position of a listener,...
-
Suppose certain fireworks are legal in a residential area on the Fourth of July. The fireworks have been approved for safety, but they do cause noise pollution so their use must be limited. Jenny and...
-
Johnston Forest in Rhode Island has a cave that houses thousands of fruit bats. Bat droppings are highly acidic and have ruined the paint on many cars. The flying radius of the Johnston Forest bats...
-
Your neighbor never mows her lawn. You dont have any legal right to force her to mow, but the mess in her front yard is making your neighborhood unsightly and reducing the value of your house. The...
-
A tall pitot-static tube is mounted through and 1.5-mabove the roof of a performance car such that it senses thefreestream flow. Estimate the static, stagnation, and dynamicpressure sensed at 325 kph...
-
If cluster membership is determined by examining the squared distance of each respondent's position from the initial cluster centers, list the respondents assigned to initial Cluster#1 (5 points) ...
-
How does the perception of organizational justice affect employee motivation and job satisfaction, and what can organizations do to promote a sense of fairness and equity ?
Study smarter with the SolutionInn App