Quena.id – An indifference curve is a curve that connects combination points of 25. A certain amount of goods is consumed and provides the same level of satisfaction, or a situation where consumers are in a state of indifference in consuming various types of goods. If a consumer’s indifference curve is prepared from the equation 2xy = a where the price of good x is 10, the price of good y is 5 and the total income is 100, how many combinations of goods x and y can be consumed?
Also Read: Write the Symbol of Each of the Following Numbers in the Form of Rank Notation with the Number of Roots 2, 3, 5, 7 or
An indifference curve is a curve that connects the combination points of 25.
A certain number of goods are consumed and provide the same level of satisfaction, or a situation where consumers are in a state of indifference in consuming various types of goods.
If a consumer’s indifference curve is prepared from the equation 2xy = a with the price of good x is 10, the price of good y is 5 and the total income is 100.
How many combinations of goods x and y can be consumed?
Question
Read Also: Determine the set of prime factors of the following numbers: 60, 150, 120, 300, 210
An indifference curve is a curve that connects combination points of 25. A certain amount of goods is consumed and provides the same level of satisfaction, or a situation where consumers are in a state of indifference in consuming various types of goods. If a consumer’s indifference curve is prepared from the equation 2xy = a where the price of good x is 10, the price of good y is 5 and the total income is 100, how many combinations of goods x and y can be consumed?
Discussion of Answers
Also Read: If the total cost function is shown by the equation TC = 5Q²-10Q+8, then determine MC and AC
Is known :
2xy = a
x = 10
y = 5
a = 100
2023-06-27 15:59:00
#Indifference #Curve #Curve #Connecting #Combination #Points
