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Jane's income-consumption curve would reflect her consistent preference for Ballet tickets over Basketball tickets, as she derives twice the utility from ballet tickets. This would result in a curve that slopes upwards and to the right towards the ballet ticket axis, indicating that as her income increases, she will consistently purchase more ballet tickets relative to basketball tickets. The curve would not be linear, since her utility from ballet tickets remains consistently higher, suggesting a preference that leads to a corner solution where she allocates most of her income towards ballet tickets.
What else can I help you with?
When you purchase concert tickets over the internet which utility is not created?
place
What are costs that a company has to pay whether or not its operating?
The Company has to pay its Fixed Costs, Such as Rent and utility. These cost have to be paid regardless of whether the company is operating or not
What does the abbreviation buz stand for?
"Buz" is not a commonly used abbreviation. It is, however, an acronym. BUZ, for example, is known to stand for Business Utility Zone and Basketball Union of Zimbabwe.
Are basketball hoops on telephone poles illegal?
Yes, basketball hoops installed on telephone poles are typically considered illegal or against local regulations. This is because they can obstruct utility access, pose safety hazards, and damage the infrastructure. Local municipalities may have specific ordinances regarding installations on public property, including utility poles. Always check local laws and regulations before setting up such installations.
What are three types of utility in economics?
form utility time utility place utility
What are the Different types of utilities created by intermediaries?
There are Six Utilities: Form Utility, Time Utility, Place Utility, Possession Utility, Information Utility, and Service Utility.
What are some economic utilities created by business activities?
Form Utility, Place Utility, Time Utility, Possession Utility, and Information Utility.
Which economic utility is not classified as a marketing utility?
form utility.
What are the four most essential utility programs?
1 defragmenting utility 2 anti-virus utility 3 time utility 4 date utility 5 copying utility
What are the main differences between utilitarianism and the categorical imperative?
Utilitarianism focuses on maximizing overall happiness or utility, while the categorical imperative emphasizes following moral duties and principles regardless of the consequences.
When total utility is at its maximum where is marginal utility?
marginal utility is zero
When total utility increases marginal utility is?
marginal utility decreases
