If both pepperoni and anchovies are bads, will the indifference curve have a positive or a negative
Question:
If both pepperoni and anchovies are bads, will the indifference curve have a positive or a negative slope?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
A negative slope If you give the consumer more ...View the full answer
Answered By
Divya Munir
I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
4.90+
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Burts utility function is U(x1, x2) = (x1 +2)(x2 +6), where x1 is the number of cookies and x2 is the number of glasses of milk that he consumes. (a) What is the slope of Burts indifference curve at...
-
Answer all parts of Problem 15 for the utility function U(x, y) = xy. The marginal utilities are MUx = y/(2x) and MUy = x/(2y). In problem 15 a) Is the assumption that more is better satisfied for...
-
Answer all parts of Problem 3.15 for the utility function U(x, y) = xy + x. The marginal utilities are MUx = y + 1 and MUy = x. In problem 15 a) Is the assumption that more is better satisfied for...
-
If the protein produced full length antibody, what would be the next step after centrifugation?
-
Lily Henry wants to buy her son a car for his 21st birthday. If Lily's son is turning 16 today, and interest is 8% per annum, compounded semiannually, what would Lily's semiannual investment need to...
-
Lowell Corp.s December 31, 2023 trial balance includes the following accounts: Inventory $120,000; Buildings $207,000; Accumulated DepreciationEquipment $19,000; Equipment $190,000; Land Held for...
-
Parker Waichman is a New Yorkbased law firm. In November 2007, Parker Waichman hired Jordan Chaikin, a lawyer licensed and based in Florida, as an associate attorney to assist in screening Florida...
-
Irwin Corporation has been authorized to issue 20,000 shares of $100 par value, 10%, noncumulative preferred stock and 1,000,000 shares of no-par common stock . The corporation assigned a $2.50...
-
Using the data in the dashboard, https://public.tableau.com/app/profile/hasan.alblowi/viz/Humanresources/HR_Dashbord, answer the following questions: Looking first at Gender Equity: Which department...
-
The 2012 comparative balance sheet and income statement of Rolling Hills, Inc., follow: Additionally, Rolling Hills purchased land of $23,600 by financing it 100% with long-term notes payable during...
-
Could Figure 3.2 be a single indifference curve if preferences are mono-tonic? Figure 3.2 : X2 Alleged indifference curves X1 Indifference curves cannot cross. If they did, X, Y, Z would all have to...
-
Explain why convex preferences means that averages are preferred to extremes.
-
Vortex Consulting has issued a report recommending changes for its newest high-tech manufacturing client, Precision Instruments. Precision currently manufactures a single product, a surgical robot...
-
Amanda, Inc. manufactures and packages drugs for humans and sells the products to channel pharmaceutical companies. The company has long-term contracts with their channel partners which supposedly...
-
A lease has a term of 8 years with annual payments of $21,400. The asset would cost $131,000 to buy and would be depreciated straight-line to a zero salvage value over 8 years. The actual salvage...
-
in real estate What is the typical unit of measurement for houses?
-
Consider a stock that is expected to pay a dividend of $0.93 a year from now. The current price of the stock is $45.18. The expected rate of return on the stock is 13%. What must be the expected...
-
1. On December 16, 2022, JJ Co. sold goods to a Korean firm for 5,000,000 won. JJ Co. was concerned about the fluctuation in the Korean currency so on this date, JJ co. entered into a 30-day forward...
-
As of 2012, the pharmaceutical companies Abbott Laboratories, AstraZeneca, Aventis Pharmaceuticals, Bristol-Myers Squibb Company, Eli Lilly, GlaxoSmithKline, Janssen, Johnson & Johnson, Novartis,...
-
A copper sphere of 10-mm diameter, initially at a prescribed elevated temperature T;, is quenched in a saturated (1 atm) water bath. Using the lumped capacitance method, estimate the time for the...
-
Miss Muffet always likes to have things just so. In fact the only way she will consume her curds and whey is in the ratio of 2 units of whey per unit of curds. She has an income of $20. Whey costs...
-
Marys utility function is U(b, c) = b + 100c c2, where b is the number of silver bells in her garden and c is the number of cockle shells. She has 500 square feet in her garden to allocate between...
-
Casper consumes cocoa and cheese. He has an income of $16. Cocoa is sold in an unusual way. There is only one supplier and the more cocoa one buys from him, the higher the price one has to pay per...
-
Doobey, Incorporated, has just formed a new division, and the following four investment opportunities are available to the division. The firm requires a minimum return of 8 percent. Investment...
-
If I want to buy a $500,000 and can get a 30-year mortgage with an APR = 3.5%, what would my monthly payments be? If I can get a 15 year mortgage for 2.5%, how much would I save? I've checked with my...
-
Question 4: The Runner Corp is a cell phone company that offers its customers a choice between buying and leasing their cell phone. Cell phone contracts have a duration of three years. Under the...
Study smarter with the SolutionInn App