Can an indifference curve be downward sloping in one section, but then bend backward so that it forms a "hook" at the end of the indifference curve?

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Answer 1
Suppose that an indifference curve slopes upward. If​ so, then the consumer could be indifferent between two bundles that lie on the same indifference​ curve, although one of the bundles would contain more of both consumption goods. ​ Therefore, if an indifference curve has a​ hook, sloping​ upward, then that​ consumer's preferences will violate the assumption of​ more-is-better. Cannot form a hook because it then would be upward sloping.

Related Questions

What do physical anthropologists call the taxonomic group that includes humans and humanlike ancestors, excluding living nonhuman primates?

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Hominidae is the taxonomic group that anthropologist called. It includes human and humanlike ancestors, excluding living non-human primates. 
Hominidae includes only humans and their extinct relative, and the great apes were placed in a different family. Their share complex cognitive marks, for example, they know how to recognize themselves in mirrors it is the ability if self-awareness.

An example of global outsourcing is seen when gap, inc uses low-cost caribbean labor to cheaply produce its clothing, and then finishes off and sells its clothing in the united states.

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This is true- it is an example of global outsourcing. Global outsourcing is when a company sends jobs to locations across the globe, where they can get away with hiring more workers and paying them less than they would have to in America. They take advantage of the lack of labor laws and human rights.

Global outsourcing is when companies seek cost savings by hiring firms abroad, often to access lower-wage labor markets, demonstrated by Gap, Inc.'s use of Caribbean labor. While cost-efficient for companies, it leads to job losses and poor working conditions in many cases. The garment industry, particularly in regions like Quebec, is a clear example of the drastic shifts and challenges posed by global outsourcing.

Global Outsourcing in Business

Global outsourcing refers to the practice where a company in a developed country hires an outside firm, which can be located abroad, to perform tasks that were previously done internally. This process is driven by the search for cost savings, often taking advantage of lower labor costs in other countries. The example of Gap, Inc. using low-cost Caribbean labor to produce clothing, which is then sold in the United States, showcases this business strategy. Global outsourcing is linked to offshoring, where a company physically moves its operations overseas to capitalize on cheaper labor markets.

Outsourcing became significantly prevalent with globalization and the establishment of trade agreements like the North American Free Trade Agreement (NAFTA), enabling companies to save costs by manufacturing in countries like Mexico and still sell their goods in their home markets like the U.S. Despite its financial benefits to companies, outsourcing has led to various issues like the loss of jobs in developed countries, the rise of sweatshops with deplorable working conditions, and wage exploitation in developing countries.

The garment industry is a telling example of the impact of global outsourcing. In the past, regions like Quebec in Canada were the hub for garment manufacturing. However, the entry of low-cost labor from developing countries has virtually eliminated these local industries, compelling workers in developed nations to find alternative employment or retrain for different sectors of the economy.

What might explain the decline in trust during this time? explain the decline in trust both in terms of the "moral trust" and "rational trust" views?

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I think the decline of people's trust towards the government is based on the moral trust. Moral trust is defined as how the people look at trust the government while the rational trust is often done by one individual. He tallies and examines whether or not the government should be trusted. People would trust the government on how they answer to their queries and help them solve issues and problems that they are facing. 

what are the five main columns of a journal?

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The general journal is used to track categories of transactions and includes all company transaction. All journal entries are recorded in the general journal.
The five main columns of a journal are: date, account titles, posting reference, debit, and credit columns.

Bart is ready to look for a site for his new business. to help him in his search he should:

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Bart should consult a small business development office where he can have the technical assistance in searching for desired site for his business as well as other technical issues can be resolved. He can also use site selection software to personally make sure the right kind of features and choices for his site.

Kelli is a software engineer for an electronics firm. she reports to the manager of software engineering but also works on a new product development team and reports to the team leader in that capacity. based on this​ information, it would appear that​ kelli's firm has a​ _______ structure.

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Based on this information, it can be concluded that Kelli's firm has a MATRIX structure.
Matrix structure refers to an organization structure in which the reporting relationships are set up as a matrix, that is, employees usually have dual reporting relationships, one to a functional manager and the other to a product manager.

Tennis rackets can be purchased for $60 each from an outside vendor. it costs the manufacturer $80 a piece to produce them, of which 30% is unavoidab

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The rest of your question:
 
unavoidable fixed overhead cost. What are the relevant costs for this decision? Based only these costs, which option should the company choose?
The answer:
Relevant cost to make and Buy.

If the total warehousing cost for the year amounts to $450,000, and 40 percent of the warehousing activity is associated with finished goods and 60 percent with direct materials, how much of the cost would be charged as a product cost?
a. $270,000

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The answer is A. $270,000.

Approximately what percentage of state and local expenditures do bond referenda account for?

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Bond referenda are more the exception than the rule. Bond referenda account for less than l percent of state and local expenditures.In the United States, direct expenditures for governments between 1933 and 1943. So One percentage of state and local expenditures do bond referenda account for.

To apply the techniques of process management, processes must be _____.

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They must be complete

Aditya is attempting to classify information regarding a new project that his organization will undertake in secret. which characteristic is not normally used to make these type of classification decisions?

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Threat is not normally considered as a characteristic. Value of the project, the sensitivity of it, and how critical the project is to completion and maintenance are all characteristics that are considered, but since anything could likely be considered a threat to the project, it is simply understood that this characteristic is part of the secret project.
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