Describe double coincidence of wants
Double coincidence of wants: This means that one person's wishing to buy and sell should coincide with another person’s wish to buy and sell.
Question: Was the stimulus package passed in 2009 as success? In answering this question the focus should be the articles on the syllabus, but you should also include opinions of other commentators. Your answer should also describe w
Perfect competition is characterized by all of the following except w) heavy advertising by individual sellers. x) homogeneous products. y) sellers are price takers. z) a horizontal demand curve for individual sellers. Q : Problem on utility function Matt’s life Matt’s life is divided into two time periods, young and old, and his utility is a function of two “goods”: consumption when young and consumption whenever old. Consumption when young and consumption when old are both of normal goods to Ma
Matt’s life is divided into two time periods, young and old, and his utility is a function of two “goods”: consumption when young and consumption whenever old. Consumption when young and consumption when old are both of normal goods to Ma
Illustrate the 2nd function to promote and maintain competition?
Describe the types of multiplant firms?
What are the major legal forms of business organization?
Illustrate Scarcity and choice of Economic Perspective?
Transaction costs are decreased and economic efficiency is enhanced by: (1) long-term wage and price controls. (2) monopolies which cooperate with central planners. (3) blacklists and yellow dog contracts. (4) bureaucratic tendencies
What do you mean by spillover. Write short note on it?
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