Homework Help: Economics

Posted by D on Friday, October 27, 2006 at 7:49am.

Hi guys I need a hand please!! Whatever you can share would be helpful!! Thank you so much!
Here is the question below:

‘Consumers maximize utility subject to a budget constraint. Firms maximize output subject to a cost constraint’.

Outline how the analysis of the firm’s behaviour in terms of isoquant and isocost analysis parallels the analysis of consumer behaviour in terms of indifference curve and budget constraint analysis.

To what extent does this type of analysis indicate the meaning of the basic economic problem?

Anyone??

Hi! Very nice site! Thanks you very much! GhtQU4HmRU1

No one has answered this question yet.

Answer this Question

Related Questions

Economics - I need to write an essay titled " How are we all economists?&...
economics - what are three main goals sought by policymakers in the economy? ...
Economics - Ok I REALLY need a hand with this question!! Please!! Thank you!! &#...
Economics/Social Studies - Please help me with this it's about the invisible...
Need help in business studies, econ or computing? - I'm a CIE (Cambridge ...
algebra - please see below on this page 4 my question. I got an answer, but it ...
math - I do not know how to answer this question. Would someone please help me ...
Critical Reading - Can someone please help me with this question? Write one ...
Trigonometric prob. - Hi, my question is attached to the web below (picture), ...
economics - give all answers in detail what is consumer awareness Need of ...

For Further Reading

First Name:
School Subject:
Answer: