Lexicographic preference ordering
I have problem in this question. What is lexicographic preference ordering? Provide me correct answer of this.
The best illustrations of monopoly power in the United States are possibly: (w) local public utility companies. (x) state university systems. (y) the national TV networks. (z) national defense firms. Hey friends pl
Describe the basis of categorizing goods into intermediate and final goods. Give appropriate illustrations.
The greater the price elasticity of demand associate to the price elasticity of supply, then the: (i) greater the legal incidence of any tax burden. (ii) smaller the forward shifting of any tax burden. (iii) smaller the backward shift
The market value of an asset or potential investment project is most specific to rise when typical investors expect: (w) after-tax rates of return by investing to exceed the interest rate applicable for assets or investments along wit
Whenever total utility is at a maximum, then marginal utility is: (1) Rising. (2) Reducing. (3) Zero. (4) Similar as total utility. Can someone help me in getting through this problem.
Transfer payments and progressive tax policies are being determinate to: (w) reduce disparities in the distributions of income and wealth. (x) shift the Lorenz curve toward a position of less income equality. (y) have no net effect on income equality
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.
why is marginal revenue product=marginal resource cost a formula for profit maximization?
I have a problem in economics on Horizontal Integration. Please help me in the following question. McDonalds makes hamburgers at a number of various locations. This is an illustration of a: (i) Horizontally integrated firm. (ii) Monopoly. (iii) Vertic
Budget line: Budget line exhibits all combinations of two goods which a consumer can purchase with his income at a specified price.
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