Category Archives: consumer

How are consumer and producer surplus similar and different?

Im not cheating on my homework so dont start with ignorant comments. Im studying off my study guide for my test monday and cant seem to understand this. Anything will be helpful Thank you in advanced. Question: How are consumer … Continue reading

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In what way is consumer demand different from consumer wants?

1. In what way is consumer demand different from consumer wants? A) Demand is only for necessities. B) Demand is only for luxuries. C) Demand takes into account the ability to pay. D) Consumer wants are only for luxuries. E) … Continue reading

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How would a consumer’s indifference map look if the assumptions were reversed?

That is if: 1. Less is preferred to more 2. The consumer does not value diversity. Please try to be clear. Thanks. Yeah. 1 and 2 must be combined. A real brainbuster. your question is a bit difficult to answer, … Continue reading

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What type of consumer would an omnivore be?

What type of consumer would an omnivore be? Since it eats both plants and primary consumers, would it be considered a primary consumer or a secondary consumer? All plants that go through photosynthesis convert sun rays and its energy to … Continue reading

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what is the difference between a consumer and a top consumer?

and in a food web, a consumer would be at the top, right? top consumer would be below it? or no? Some consumers are eaten by other consumers. Top consumers are not eaten by anything. For example, otters and seals … Continue reading

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What is the difference between producer consumer problem and the bankers algorithm?

I know that both are deadlock avoidance algorithms, but what are the key differences. is it just just bankers algorithm checks for safe system states and producer consumer involves buffer resources? Aren’t they really the same thing at the core? … Continue reading

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What is a consumer grade camera and is a digital camera considered one?

I am going to a concert and they said consumer grade cameras were allowed but I am not quite sure what that is. Can someone please help? That means any camera (cell phone or P&S) can enter the venue. NO … Continue reading

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How will government spending and consumer spending improve our economy?

Fiscal deficit will likely to result in more borrowing by U.S government in the form of issuing more treasury bills and consumer spending with borrowing money will likely to result in more debt which they can’t afford to pay back. … Continue reading

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Can a consumer have a perfectly inelastic income elasticity for every good he consume?

Can a consumer have a perfectly inelastic income elasticity for every good he consume? This question really confuses me. Need help, Please! No, not at all, unless you can make some assumptions about the definition of "income". Perfectly inelastic for … Continue reading

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What is the true value of the money to the wronged consumer?

Today’s consumers can be unforgiving when they find out that the due process of care/protection has been violated. The outcome in many of those situations is: law suit, which equates to money. Money for court costs, restitution, lost business for … Continue reading

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