QUESTION 23 Refer to the budget line shown in the diagram below. The absolute value of the slope of the budget line is: 10 2 6. 8 10 Quantity of C PC/PD. MUC/MUD. one-half. O PD/PC. Quantity of D
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- If BC2 is the relevant budget constraint, then which of the following bundle(s) is(are) affordable? A. A. B. B. C. C. D. All of the above. E. None of the above.no chagpt answer urgent. The marginal rate of substitution of current consumption for future consumption is A) the slope of the indifference curve. B) minus the slope of the difference curve. C) the downward slope of the budget constraint. D) the endowment point. E) the slope of the lifetime budget constraint.If you are given a budget line shown as 7BL2 and the price of food is PHP 10 per unit while the price of clothes is PHP 20 per unit, consumer income is PHP 150.
- Please draw the indofference curves and budget line diagram. Give detailed calculation on the optimised consumption bundle plase mainrained quality and accuracy in answerwhat is the derivative of the utility function UU = log (100-2PPii) + log(PPjj+PPdd) with respect to PPjj. Budget constaint XXii = 100 - 2PPiiIf BC2 is the relevant budget constraint, then the consumer will purchase bundle A. B. B. C. C. D. D. E. E. F.
- why is there no inclusion of the parameter z in the solutions and the budget constraint?Give the economic interpretation of a budget lineCreate a diagram with axes representing the quantities of XA and XB. Plot the original and new budget constraints, mark the original and new optimal consumption bundles, and show the movement along the indifference curve for the substitution effect. Use arrows and labels to clearly depict these effects.
- urgent answer need!!!!!!!! Write down the concept of "Indifferent Curve' and *Budget line' with properexplanation and graphical presentation. ples write brieflyWhether a certain criterion is determinant or not is independent of the situation in which a product is consumed. True False In the context of disposing of consumer refuse, recycling cuts down on garbage while providing raw materials for other new products. True False Which of the following is a fundamental emotion evoked by positive, anticipatory appraisals that signal uncertainty about a positive outcome? a. Hope b. Confusion c. Surprise d. Pride Which of the following best describes chronic, repetitive purchasing behaviors that are in response to negative events or feelings? a. Addictive consumption b. Impulsive purchasing c. Window shopping d. Compulsive buying Retaliatory revenge is when a consumer yells insults and makes a public scene in an effort to harm the business. True FalseWhich of the following statements accurately describes typical indifference curves? a. The slope of an indifference curve indicates the marginal rate of transformation. b. Indifference curves are down-sloping due to the diminishing average product. c. An indifference curve traces combinations of production inputs which yields the same level of production cost. d. Indifference curves represent the constraints that individuals face in their decision-making process. e. Further away from the origin an indifference curve is located, the higher level of utility it represents.