Separable utility function
One of my friends can't find the answer of this question. Give answer of following economic based question. Tell me about strongly separable utility function?
A pure monopolist faces as: (w) a perfectly elastic demand for its product because it can't affect market price. (x) a perfectly inelastic demand for its product. (y) the market demand curve for its product. (z) a constant marginal cost curve.
The demand curve for physical capital: (1) does not depend on the amount of labor available. (2) generates a supply of loanable funds to finance new investment. (3) depends onto the marginal productivity of capital. (4) is exactly parallel to the amou
The price elasticity of demand is approximately measured as the absolute value of as: (1) (% change in Q) / (% change in Y). (2) ratio of the slopes of demand relative to supply. (3) (% change in Q) / (% change in P). (4) constant slo
Key questions in evaluating a research report: In brief, there are five key questions you, as a consumer of analytical work, should ask yourself as you are evaluating a research report. 1. What is the purpose of th
When planned savings are bigger or smaller than planned investment, then what will be its consequence on inventories? Answer: It will raise or reduce the inventorie
If considering the market for loanable funds, and the classical view of how interest is associated to people’s decisions to save is which: (w) interest income is the prime example of an unearned economic rent. (x) the primary reason for inequali
Typical firms in an industry can’t expect to produce economic profit in the long run when the industry has: (1) decreasing costs of production as the number of firms in the industry changes. (2) market demand exceeding the minimum average variab
The legality of trade unions as the labor monopolies and illegality of the monopolies in product markets is most rationally described by the: (i) Trade union’s interest in the social welfare and firm’s interest only in gains. (ii) Number of people who adva
When a monopolist which does not price discriminate produces output where is demand is unitarily elastic, in that case the firm will: (i) never be capable to maximize profit. (ii) maximize profit only when all costs are fixed. (iii) maximize profit wh
From 1976 year, after adjusting income for taxes and transfers, the relative income group which, according to the Department of the Census, which has decreased most markedly like a percentage of the U.S. population ha
18,76,764
1946956 Asked
3,689
Active Tutors
1413674
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!