Lexicographic preference ordering
I have problem in this question. What is lexicographic preference ordering? Provide me correct answer of this.
Products which have NOT been cartelized comprise: (w) oil. (x) bananas. (y) sugar. (z) wheat. Can anybody suggest me the proper explanation for given problem regarding Economics generally?
American buyers would bear a tax burden of ____ when there was a U.S. import tariff equivalent to distance ac, while Japanese sellers would bear a tax burden equivalent to ____. (w) ab and bc. (x) bc and ab. (y) ac and zero. (z) zero and ac. Q : Function of money in economy State the State the main function of money in economy? Answer: The major function of money in an economic system is to ease the exchange of services and goods.
State the main function of money in economy? Answer: The major function of money in an economic system is to ease the exchange of services and goods.
Choose the right answer . A positive statement is concerned with: A) some goal that is desirable to society. B) what should be. C) what is. D) the formulation of economic policy.
A firm’s capability to alter the price of its output due to inadequate competition or a lack of perfect substitutes for its products is an illustration of: (i) adverse selection. (ii) simple game theory. (iii) X-inefficiency. (iv) strategic behavior. (v) market
Fakery is a pretentious start-up firm within the monopolistically-competitive costume jewellery industry. But Fakery is most probable to try to gain control over pricing whereas limiting its production by a strategy of: (1) lobbying C
a monopolist has two plants with two different cost functions.given output for one plantis given how do calculate output for the other plant?
For a purely competitive industry a market-period supply curve would be: (i) curve A. (ii) curve B. (iii) curve C. (iv) curve D. (v) curve E. Q : Capital or current account Is import of Is import of machinery recorded in capital or current account? Answer: It is recorded in current account since it deals as the purchase of goods.
Is import of machinery recorded in capital or current account? Answer: It is recorded in current account since it deals as the purchase of goods.
When the market price of a good is $50 and a purely competitive firm raises its output from 20 units, marginal revenue of it is: (w) $50. (x) $1000. (y) $2.50. (z) $0.40. I need a good answer on th
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