Ask
your own question, for FREE!
Economics - Financial Markets
34 Online
OpenStudy (anonymous):
what is Consumer's Equilibrium ? How a consumer can be in equilibrium under Ordinal Approach?
Still Need Help?
Join the QuestionCove community and study together with friends!
OpenStudy (anonymous):
Consumer equilibrium would generally be where the consumer's budget line (what he has to spend) is just contingent to one of the many Indifference Curves that repesent his Indifference between various quantities of the two products in the simplified two product scenario. At that point, he is purchasing all that he can of the two products at the point where he is Indifferent to any other combination of the two products. Does that make any sense. It is a technical answer and require a graph which I can show you. wmw|dw:1338373497391:dw|
Can't find your answer?
Make a FREE account and ask your own questions, OR help others and earn volunteer hours!
Join our real-time social learning platform and learn together with your friends!
Join our real-time social learning platform and learn together with your friends!
Latest Questions
xXAikoXx:
What needs to be done before choosing and reading a book? A. Make sure it is nonfiction.
gelphielvr:
(chemistry 2 questions) 1. Differentiate between the plum pudding model and the nuclear model for the atom.
gelphielvr:
(logistics) If the king does not castle and the Pawn advances then either the Bishop is blocked or the Rock is pinned.
Tylerr:
Does anyone know of any reputable websites offering scholarships, or where one ca
vannieduval:
Yall need to make a section for boredom and random thoughts
Jayisbetterfrfr:
Sometimes I beat up myself, I block my own way I cloud all my thoughts, please go
Luna34:
Mending Glass A heart once whole, now cracked and worn, Its edges sharp, its fabric torn, A silent cry, a whispered ache, From love once real, now past the
Luigi0210:
Bromine has 2 isotopes Br-79 and Br-81. The smaller isotope is 51% of the atoms on earth.
xXAikoXx:
What needs to be done before choosing and reading a book? A. Make sure it is nonfiction.
2 hours ago
2 Replies
1 Medal
gelphielvr:
(chemistry 2 questions) 1. Differentiate between the plum pudding model and the nuclear model for the atom.
4 hours ago
4 Replies
2 Medals
gelphielvr:
(logistics) If the king does not castle and the Pawn advances then either the Bishop is blocked or the Rock is pinned.
6 hours ago
17 Replies
2 Medals
Tylerr:
Does anyone know of any reputable websites offering scholarships, or where one ca
6 hours ago
9 Replies
2 Medals
vannieduval:
Yall need to make a section for boredom and random thoughts
7 hours ago
9 Replies
0 Medals
Jayisbetterfrfr:
Sometimes I beat up myself, I block my own way I cloud all my thoughts, please go
2 hours ago
5 Replies
2 Medals
Luna34:
Mending Glass A heart once whole, now cracked and worn, Its edges sharp, its fabric torn, A silent cry, a whispered ache, From love once real, now past the
36 minutes ago
4 Replies
3 Medals
Luigi0210:
Bromine has 2 isotopes Br-79 and Br-81. The smaller isotope is 51% of the atoms on earth.
1 day ago
9 Replies
4 Medals