--%>
Assignment Help - homework help

Isoquants and isocost lines

By using isoquants and isocost lines, illustrates graphically that rise in y will result in a decline in the quantity demanded of x1 and also illustrates that rise in the price of x1 will result in a reduction in the quantity demanded of x1.

   Related Questions in Microeconomics

  • Q : Percent of interest rate for the price

    When the Bank of England issues perpetuities which pay of £100 yearly, forever, beginning one year by today, in that case at an interest rate of 5 percent the price of that bonds is: (1) £9,500. (2) £5,000. (3) £2,000. (4) &pou

    		•
  • Q : Intermediaries earn income to help

    In the long run within a market system, all intermediaries earn income only when they help sellers and buyers: (w) raise surpluses. (x) by innovating new products. (y) reduce transaction costs. (z) ga

    		•
  • Q : Perfectly inelastic demand problem When

    When will an augment in supply entail a raise in price however no change in quantity?

    		•
  • Q : Invisible-hand concept Choose Which one

    Choose Which one best describes the invisible-hand concept? 1) The desires of resource suppliers and producers to further their own self-interest will automatically further the public interest. 2) The nonsubstitutability of resources creates a conflict between private

    		•
  • Q : Concentration ratio Explain the concept

    Explain the concept of a concentration ratio.  Is the concentration ratio in a monopolistically competitive industry likely to be higher than for a perfectly competitive industry

    		•
  • Q : Define deficient demand Deficient

    Deficient demand: If AD < AS at full employment level, then it is defined as deficient demand.

    		•
  • Q : Derived Demand for resources I have a

    I have a problem in economics on Derived Demand for resources. Please help me in the following question. As demands for the resources ultimately based on consumer’s demands for goods then the demand for labor is: (1) Termed as a derived demand.

    		•
  • Q : Shifting of taxes on higher prices When

    When a tax on goat cheese is totally paid by consumers through higher prices, in that case the tax has been: (1) alleviated. (2) actualized. (3) backward shifted. (4) forward shifted. (5) randomized. Hello guys I w

    		•
  • Q : Meaning of division of labor Give the

    Give the answer of following question. The division of labor means that: 1) labor markets are geographically segmented. 2) unskilled workers outnumber skilled workers. 3) workers specialize in various production tasks. 4) each worker performs a large number of tasks.<

    		•
  • Q : Needs of families by poverty line

    The official “poverty line” computed by the federal government is the income level needed to meet the perceived fundamental needs of families along with differing characteristics as size, location, etc. Therefore, it is based on: (1) a rel

    		•