what is indiffernce curve analysis?a)it is a convex curve which shows data and satisfactionb)it is a curve that shows all the combination of 2 goods which gives same level of satisfaction to the consumerc)it is a curve that shows all the combination of 2 goods which gives diffrent level of satisfaction to the consumerd)none of the above !_!(i dont know)Correct answer is option 'B'. Can you explain this answer?

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what is indiffernce curve analysis?

a)
it is a convex curve which shows data and satisfaction
b)
it is a curve that shows all the combination of 2 goods which gives same level of satisfaction to the consumer
c)
it is a curve that shows all the combination of 2 goods which gives diffrent level of satisfaction to the consumer
d)
none of the above !_!(i dont know)

Correct answer is option 'B'. Can you explain this answer?

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Consumer Equilibrium:CH-4(only 1 Attempt Version-HARD)

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what is indiffernce curve analysis?a)it is a convex curve which shows ...

An indifference curve connects points on a graph representing different quantities of two goods, points between which a consumer is indifferent. ... In other words, an indifference curve is the locus of various points showing different combinations of two goods providing equal utility to the consumer.

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what is indiffernce curve analysis?a)it is a convex curve which shows ...

Indifference curve is the graphical representation of two or more commodities. It shows that by sacrificing one unit of a commodity , to produce another commodity we will get same level of satisfaction.

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The Parliament passed the Consumer Protection Act, 2019, which promises to strengthen the rights of consumers and provides a mechanism for redressal of complaints regarding defects in goods and deficiency in services.Union Food and Consumer Affairs Minister stressed that the overall purpose of the legislation was to ease the process of addressing grievances of consumers.TheAct also seeks to bring in e-commerce under their jurisdiction and hold celebrities accountable for false and misleading advertisements of products that they endorse.The Act proposed strict action against the advertiser in case of misleading advertisements but not against the media through which the advertisement is being publicised. It also provides for product liability action on account of harm caused to consumers due to defective products or deficient services.Product liability means the liability of a product manufacturer, service provider or seller to compensate a consumer for any harm or injury caused by a defective good or deficient service.Under the Act, a consumer is defined as a person who buys any good or avails a service for a consideration.It does not include a person who obtains a good for resale or a good or service for commercial purpose. It covers transactions through all modes including offline, and online through electronic means, teleshopping, multilevel marketing or direct selling. Only a consumer can bring an action under the Act. Certain consumer rights have been defined in the Act, including the right to: (i) be protected against marketing of goods and services which are hazardous to life and property; (ii) be informed of the quality, quantity, potency, purity, standard and price of goods or services; (iii) be assured of access to a variety of goods or services at competitive prices; and (iv) seek redressal against unfair or restrictive trade practices.The central government will set up a Central Consumer Protection Authority (CCP

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The Parliament passed the Consumer Protection Act, 2019, which promises to strengthen the rights of consumers and provides a mechanism for redressal of complaints regarding defects in goods and deficiency in services.Union Food and Consumer Affairs Minister stressed that the overall purpose of the legislation was to ease the process of addressing grievances of consumers.TheAct also seeks to bring in e-commerce under their jurisdiction and hold celebrities accountable for false and misleading advertisements of products that they endorse.The Act proposed strict action against the advertiser in case of misleading advertisements but not against the media through which the advertisement is being publicised. It also provides for product liability action on account of harm caused to consumers due to defective products or deficient services.Product liability means the liability of a product manufacturer, service provider or seller to compensate a consumer for any harm or injury caused by a defective good or deficient service.Under the Act, a consumer is defined as a person who buys any good or avails a service for a consideration.It does not include a person who obtains a good for resale or a good or service for commercial purpose. It covers transactions through all modes including offline, and online through electronic means, teleshopping, multilevel marketing or direct selling. Only a consumer can bring an action under the Act. Certain consumer rights have been defined in the Act, including the right to: (i) be protected against marketing of goods and services which are hazardous to life and property; (ii) be informed of the quality, quantity, potency, purity, standard and price of goods or services; (iii) be assured of access to a variety of goods or services at competitive prices; and (iv) seek redressal against unfair or restrictive trade practices.The central government will set up a Central Consumer Protection Authority (CCP

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The Parliament passed the Consumer Protection Act, 2019, which promises to strengthen the rights of consumers and provides a mechanism for redressal of complaints regarding defects in goods and deficiency in services.Union Food and Consumer Affairs Minister stressed that the overall purpose of the legislation was to ease the process of addressing grievances of consumers.TheAct also seeks to bring in e-commerce under their jurisdiction and hold celebrities accountable for false and misleading advertisements of products that they endorse.The Act proposed strict action against the advertiser in case of misleading advertisements but not against the media through which the advertisement is being publicised. It also provides for product liability action on account of harm caused to consumers due to defective products or deficient services.Product liability means the liability of a product manufacturer, service provider or seller to compensate a consumer for any harm or injury caused by a defective good or deficient service.Under the Act, a consumer is defined as a person who buys any good or avails a service for a consideration.It does not include a person who obtains a good for resale or a good or service for commercial purpose. It covers transactions through all modes including offline, and online through electronic means, teleshopping, multilevel marketing or direct selling. Only a consumer can bring an action under the Act. Certain consumer rights have been defined in the Act, including the right to: (i) be protected against marketing of goods and services which are hazardous to life and property; (ii) be informed of the quality, quantity, potency, purity, standard and price of goods or services; (iii) be assured of access to a variety of goods or services at competitive prices; and (iv) seek redressal against unfair or restrictive trade practices.The central government will set up a Central Consumer Protection Authority (CCP

View answer

The Parliament passed the Consumer Protection Act, 2019, which promises to strengthen the rights of consumers and provides a mechanism for redressal of complaints regarding defects in goods and deficiency in services.Union Food and Consumer Affairs Minister stressed that the overall purpose of the legislation was to ease the process of addressing grievances of consumers.TheAct also seeks to bring in e-commerce under their jurisdiction and hold celebrities accountable for false and misleading advertisements of products that they endorse.The Act proposed strict action against the advertiser in case of misleading advertisements but not against the media through which the advertisement is being publicised. It also provides for product liability action on account of harm caused to consumers due to defective products or deficient services.Product liability means the liability of a product manufacturer, service provider or seller to compensate a consumer for any harm or injury caused by a defective good or deficient service.Under the Act, a consumer is defined as a person who buys any good or avails a service for a consideration.It does not include a person who obtains a good for resale or a good or service for commercial purpose. It covers transactions through all modes including offline, and online through electronic means, teleshopping, multilevel marketing or direct selling. Only a consumer can bring an action under the Act. Certain consumer rights have been defined in the Act, including the right to: (i) be protected against marketing of goods and services which are hazardous to life and property; (ii) be informed of the quality, quantity, potency, purity, standard and price of goods or services; (iii) be assured of access to a variety of goods or services at competitive prices; and (iv) seek redressal against unfair or restrictive trade practices.The central government will set up a Central Consumer Protection Authority (CCP

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consumer consume only 2 goods x and y whose price are RS.5 and RS.4 respectively if consumer choose combination of two good with marginal rate x equal to 4 and y equal to 5 if co sumer in equilibrium why or why not ? what will a rational consumer do in this situation ? explain use utility analysis

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what is indiffernce curve analysis?a)it is a convex curve which shows data and satisfactionb)it is a curve that shows all the combination of 2 goods which gives same level of satisfaction to the consumerc)it is a curve that shows all the combination of 2 goods which gives diffrent level of satisfaction to the consumerd)none of the above !_!(i dont know)Correct answer is option 'B'. Can you explain this answer?

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what is indiffernce curve analysis?a)it is a convex curve which shows data and satisfactionb)it is a curve that shows all the combination of 2 goods which gives same level of satisfaction to the consumerc)it is a curve that shows all the combination of 2 goods which gives diffrent level of satisfaction to the consumerd)none of the above !_!(i dont know)Correct answer is option 'B'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about what is indiffernce curve analysis?a)it is a convex curve which shows data and satisfactionb)it is a curve that shows all the combination of 2 goods which gives same level of satisfaction to the consumerc)it is a curve that shows all the combination of 2 goods which gives diffrent level of satisfaction to the consumerd)none of the above !_!(i dont know)Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for what is indiffernce curve analysis?a)it is a convex curve which shows data and satisfactionb)it is a curve that shows all the combination of 2 goods which gives same level of satisfaction to the consumerc)it is a curve that shows all the combination of 2 goods which gives diffrent level of satisfaction to the consumerd)none of the above !_!(i dont know)Correct answer is option 'B'. Can you explain this answer?.

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