Michelangelo's tomb is a masterpiece of Renaissance sculpture and one of the most iconic works of art in the world. Located in the Church of San Pietro in Vincoli in Rome, the tomb is a monument to Julius II, one of the most powerful popes in history. Michelangelo was commissioned to create the tomb in 1505, and it took him more than 40 years to complete.
The tomb consists of two parts: the sarcophagus, which is the container that holds the pope's remains, and the structure that surrounds it, known as the canopy. The sarcophagus is made of marble and is adorned with intricate carvings and reliefs depicting the life of Julius II. The canopy, on the other hand, is a grandiose structure made of bronze and adorned with figures of prophets and sibyls, as well as the cardinal virtues of fortitude, prudence, justice, and temperance.
One of the most striking features of the tomb is the central figure of Moses, which is located above the sarcophagus. Michelangelo sculpted this figure with great detail and care, and it is considered one of his greatest works of art. The figure of Moses is depicted with horns on his head, which is a reference to the story in the Bible in which he received the Ten Commandments from God. Michelangelo's depiction of Moses is considered a masterpiece of Renaissance art and is one of the most iconic images in the world.
In addition to the figures of Moses and the cardinal virtues, the tomb is also adorned with other figures, such as the prophet Isaiah and the sibyl Erythraea. These figures were chosen by Michelangelo to represent the virtues and values that Julius II held dear. The tomb is a testament to Michelangelo's incredible talent and his ability to create stunning works of art that continue to captivate and inspire people to this day.
Overall, Michelangelo's tomb is a testament to the artist's incredible talent and his ability to create stunning works of art that continue to captivate and inspire people to this day. It is a masterpiece of Renaissance sculpture and an iconic work of art that has become synonymous with Michelangelo's name.
Theory of Consumer Behaviour (Indifference
Answer: When using an extra unit of a good makes the total utility go down, the marginal utility of that extra unit is negative. The further away from the origin an indifference curve lies, the higher the level of utility it denotes bundles of goods on a higher indifference curve are preferred by the rational consumer. This is shown in Fig. He gets 8 units, 6 units, 4 units, and 3 units of utility from the 1st, 2nd, 3rd, and 4th apples, respectively. Indifference Curve The indifference curve is supposed to be a very important tool to analyze utility. FAQs 1: What is utility for a consumer? By purchasing more or less of the goods, he cannot change their prices.
Consumer Theory: Definition, Meaning, Objective, and Example
This assumption is necessary for two-dimensional graphical illustrations of the theory. With the various goods and products available on the market, this means spending their limited resources in a manner such that the consumer can avail the most benefit or happiness. To understand this, you can think of yourself as the consumer. For example, the consumer may tell us that he prefers point B 15,5 to point E 5,5 , i. Question 14: What is negative marginal utility? If the commodities are complements the indifference curve takes the shape of a right angle figure 2. We saw that a fall in the price of x from P 1 to P 2 resulted in an increase in the quantity demanded from x 1 to x 2. As a result, marginal utility is negative in this situation.
30 Important Theory of Consumer Behavior Questions and Answers [With PDF]
Question 03: Why is it important to define and measure utility? Furthermore, it is questionable whether the consumer is able to order his preferences as precisely and rationally as the theory implies. The second condition is that the indifference curves be convex to the origin. It is assumed that the customer has to make a choice between two goods, provided their prices remain constant. The budget constraint of the consumer: The consumer has a given income which sets limits to his maximizing behaviour. Question 16: What are the laws of cardinal utility analysis? Earlier theorists were using the total effect of a price change for this purpose, without compensating for the change in real income. Question 07: What are the limitations of the cardinal utility approach? This theory can be divided into Utility, Budget, and Demand, with each having its effect on the overall outcome.
Theory of Consumer Behaviour
For example, if the price of beef is halved it is almost certain that both the consumption of beef and of pork will be increased, due to the increase of the real income of the consumer. Question 11: What is marginal utility? General Economics: Theory of Consumer 62 Behaviou-Indiffernce Curve Q 20 Marginal Utility of a Commodity depends on its quantity and is a Inversely related to its quantity b Not proportional to its quantity c Independent of its quantity General Economics: Theory of Consumer d None of the Above 63 Behaviou-Indiffernce Curve THE END Theory of Consumer Behaviour — Indifference Curve. Although the advantages of the indifference-curves approach are important, the theory has indeed its own severe limitations. Thus, according to Hicks, goods x and y are substitutes if, after comÂpensating for the change in real income arising from the change in the price of x a decrease in the price of x leads to a decrease in the quantity demanded of y. As a result, the consumer can spend his money in small amounts. Ans: As additional units are consumed, the marginal utility derived from each one will gradually drop and can even go below 0.
