Lexicographic preference ordering
I have problem in this question. What is lexicographic preference ordering? Provide me correct answer of this.
A monopoly is a type of market structure in that one: (w) seller makes up the industry. (x) giant firm is a price taker. (y) barrier to entry exists. (z) giant firm is the particular buyer of resources. Q : Implication of price discrimination Price discrimination implies: (1) charging different prices for identical goods that have identical production costs. (2) paying wages based on race or sex quite than productivity. (3) exploiting the working masses by charging the highest single price
Price discrimination implies: (1) charging different prices for identical goods that have identical production costs. (2) paying wages based on race or sex quite than productivity. (3) exploiting the working masses by charging the highest single price
Can someone help me in finding out the right answer from the given options. Among the functions of the collective bargaining between unions and management are: (1) Establishing the rules of the work-place. (2) Selecting the form of compensation. (3) Determining the pr
I have a problem in economics on Workers in monopsonistic labor markets. Please help me in the following question. The workers in monopsonistic labor markets receive salaries: (i) That barely cover the subsistence. (ii) Beneath the value of marginal p
Most of the economists believe firms tend to proficiently maximize the profits since of: (i) Stockholder pressure. (ii) Competition for the management positions. (iii) Principal-agent conditions. (iv) The chance of corporate take-over. Q : Evidence for Diminishing Marginal Evidence that may potentially be cited as conflicting with the law of diminishing marginal utility would comprise: (i) Della’s enthusiasm for all-you-can-eat buffet diminishes subsequent to her fifth plate of lasagna. (ii) Jethro trades in his 1981 Gremlin on th
Evidence that may potentially be cited as conflicting with the law of diminishing marginal utility would comprise: (i) Della’s enthusiasm for all-you-can-eat buffet diminishes subsequent to her fifth plate of lasagna. (ii) Jethro trades in his 1981 Gremlin on th
A uniform resource price paid for any resource which has an aggregate supply curve which is less than perfectly elastic generates an: (1) exploitation ratio. (2) investment surcharge. (3) accounting profit. (4) economic rent. (5) acce
In the following diagram, the elimination of discrimination is best depicted by: 1) a move from C to E. 2) an inward shift of the production possibilities curve. 3) a move from A to D. 4) a move from E to C. Q : Shutdown point of purely competitive A purely competitive firm will shut down while: (w) marginal costs exceed marginal revenues. (x) this cannot cover its fixed costs. (y) marginal revenue falls below average total costs (z) this can’t cover its variable costs. Q : Price discriminating-monopoly A price A price discriminating-monopoly will NOT: (w) charge various prices for a good to various consumers. (x) charge various prices for a good without cost differential. (y) charge similar price to all consumers. (z) charge more for those consumers who hav
A purely competitive firm will shut down while: (w) marginal costs exceed marginal revenues. (x) this cannot cover its fixed costs. (y) marginal revenue falls below average total costs (z) this can’t cover its variable costs. Q : Price discriminating-monopoly A price A price discriminating-monopoly will NOT: (w) charge various prices for a good to various consumers. (x) charge various prices for a good without cost differential. (y) charge similar price to all consumers. (z) charge more for those consumers who hav
A price discriminating-monopoly will NOT: (w) charge various prices for a good to various consumers. (x) charge various prices for a good without cost differential. (y) charge similar price to all consumers. (z) charge more for those consumers who hav
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