Purely competitive market demand of income distribution

When the income distribution is acceptable and no externalities survive, purely competitive market demand curves as: (w) also marginal social benefits curves. (x) inverted marginal social cost curves. (y) horizontal at the market price. (z) determined by resource costs.

Hey friends please give your opinion for the problem of Economics that is given above.

View Complete Question

Related Questions in Microeconomics

Q : Less present value by given price When

When the market interest rate exceeds the rate of return you compute on an asset: (i) competition for profit must make its price rise quickly. (ii) its present value is less than its price. (iii) the market is in long term equilibrium

Q : Is cotton textile is macroeconomic or

Is the study of cotton textile business a macroeconomic or a microeconomic study? Answer: The study of cotton textile business is a microeconomic study.

Q : Effects of less liquid assets on

When households become more willing to hold less liquid assets, the: (w) interest rate rises. (x) present value of future income falls. (y) interest rate falls. (z) stock market will crash. How can I solve my

Q : Statistical perspective of Inferior

On an average, American families with more income tend to contain fewer children than families with less income. This fact recommends that, at least from a purely statistical perspective, the American children are: (1) Inferior goods. (2) Substitute goods for the cats

Q : What is Average Fixed Cost or AFC What

What is Average Fixed Cost. Also provide its formula?

Q : Maximizing total revenue When this firm

When this firm maximized total revenue in place of economic profits, in that case its total revenue would be: (w) $72,000 per period. (x) $80,000 per period. (y) $96,000 per period. (z) $100,000 per period.

Q : Shifting supply of curve by entry of

When the price for Christmas trees is initially P1, in that case in the long run: (w) firms will neither enter nor exit this industry. (x) entry of firms will shift curve supply curve A to the right. (y) exit of firms will shift supply curve A to the left.

Q : Calls of negative income tax Negative

Negative income tax proposals call for: (w) paying $1 in taxes on every dollar of transfer payments. (x) reducing welfare benefits by levying higher income taxes. (y) instituting consistent work incentives for welfare recipients. (z) establishing a ne

Q : Example of an explicit cost Which of

Which of the given below is an example of the explicit cost? (i) The owner’s time. (ii) Depreciation on company owned truck. (iii) The interest which could be earned when some of the owner’s funds was not tied up in business. (iv) Salaries paid to the empl

Q : Calculations of price elasticity of

At a price of $50, the demand for DVD games is roughly: (w) perfectly elastic. (x) perfectly inelastic. (y) unitarily elastic. (z) relatively inelastic.

Discover Q & A

Leading Solution Library

Avail More Than 1447054 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1961371
Asked

3,689

Active Tutors

1447054

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment