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Community indifference curve information


A community indifference curve is an illustration of different combinations of commodity quantities that would bring a whole community the same level of utility. The model can be used to describe any community, such as a town or an entire nation. In a community indifference curve, the indifference curves of all those individuals are aggregated and held at an equal and constant level of utility.

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Community indifference curve

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A community indifference curve is an illustration of different combinations of commodity quantities that would bring a whole community the same level of...

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Indifference curve

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In economics, an indifference curve connects points on a graph representing different quantities of two goods, points between which a consumer is indifferent...

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Social welfare function

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at most 1. Aggregation problem Arrow's impossibility theorem Community indifference curve Distribution (economics) Economic welfare Extended sympathy Gorman...

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CIC

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Canonici), the ecclesiastical law of the Latin Catholic Church Community indifference curve, in economics Concours International Combiné, or "International...

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Francis Ysidro Edgeworth

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of final settlements. He was the first one to use offer curves and community indifference curves to illustrate its main propositions, including the "optimal...

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Welfare economics

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with ordinal utility, which merely ranks commodity bundles (with an indifference-curve map, for example). Situations are considered to have distributive...

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Marginalism

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have convexity of indifference curves. For those who accepted that marginal utility analysis had been superseded by indifference curve analysis, the former...

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Index of economics articles

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(YED) – Income inequality metrics – Income tax – Independent goods – Indifference curve – Indigo Era (economics) – Individual capital – Induced demand – Industrial...

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Ic

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Interconnection, physical linking of a telecommunication carrier's network Indifference curve, in economics Information coefficient, in economics -ic, a suffix...

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Fundamental theorems of welfare economics

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alternative name of 'productive indifference curve') should be tangential with an indifference curve for the community. He was one of the originators of...

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Gorman polar form

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Cartesian (as in direct utility functions) coordinates to describe the indifference curve. Here, income ( m i {\displaystyle m^{i}} ) is analogous to the radius...

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Glossary of economics

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equilibrium prices, the budget hyperplane supports the best attainable indifference curve. The profit function is the convex conjugate of the cost function...

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Social norm

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invoke a rating of indifference. Crystallization. Finally, norm crystallization refers to how much variance exists within the curve; translated from the...

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Earned income tax credit

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in 2010. These EITC dollars had a significant impact on the lives and communities of the nation's lowest-paid working people largely repaying any payroll...

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Greta Thunberg

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leaders by exclaiming "How dare you" in reference to their perceived indifference and inaction to the climate crisis. Her admonishment made worldwide headlines...

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Cruden Bay

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guests at Slains Castle in 1773. Johnson said that "no man can see with indifference" the sea chasm known as the Bullers of Buchan, which is near the village...

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Chicano

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were targeted by white servicemen, who despised their "cool, measured indifference to the war, as well as an increasingly defiant posture toward whites...

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Alvord Lake Bridge

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Francisco a few years later, frustrated and bitter at the building community's indifference to concrete construction. Ironically, the city's few reinforced...

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Outline of finance

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adjustment XVA Yield curve modelling Multi-curve framework Bootstrapping (finance) Yield curve § Construction of the full yield curve from market data Fixed-income...

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Le Corbusier

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figure. Some of his urban planning ideas have been criticized for their indifference to pre-existing cultural sites, societal expression and equality, and...

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History of microeconomics

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supply is secured for these uses, any additional quantity is a matter of indifference. All that we can say, then, is, that water, up to a certain quantity...

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Shibboleth

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ISBN 978-0-12-106150-0. Samuelson, Paul A. (February 1956). "Social Indifference Curves". Quarterly Journal of Economics. 70 (1): 1–22. doi:10.2307/1884510...

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Tariff

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tariff derived by the intersection between the trade indifference curve of that country and the offer curve of another country. In this case, the welfare of...

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Wright brothers

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time, the Board was favorably impressed, in contrast to its previous indifference. With further input from the Wrights, the U.S. Army Signal Corps issued...

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Interest

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rates are lower than longer-term interest rates (an upward sloping yield curve). Interest rates are generally determined by the market, but government...

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Flint water crisis

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Greimel called on Governor Snyder to resign, due to his "negligence and indifference" in his handling of the Flint water crisis. Also on that date, State...

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