social welfare function
What do you mean by a social welfare function? If you assume that such a function exists, what properties of social optima would be considered by you? Discuss such properties.
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 : Why economic problems occur Why Why economic problems occur? Answer: This is due to unlimited or infinite wants and inadequate resources.
Why economic problems occur? Answer: This is due to unlimited or infinite wants and inadequate resources.
Capitalization is a process which converts: (1) natural resources into economic capital. (2) predictable income flows within wealth. (3) the opportunity cost of capital into the market interest rate. (4) financial capital into economic investment. (5)
Changes in both demand and supply of a commodity might or might not influence its equilibrium price. Describe.
Raised market demand for generic bricks would result within a(n) ___________ into the price of bricks as well as a(n) ___________ within this brickyard’s profit-maximizing output. (i) increase; decrease. (ii) increase; increase.
As in below figure demonstrates how consumption of goods A, B, C, and D varies like a family’s income changes. Of such goods, the only inferior good: (w) good A. (x) good B (y) good C. (z) good D.
I have a problem in economics on Wage differentials-union and nonunion workers. Please help me in the following question. The wage differentials among union and nonunion workers encompass historically averaged roughly: (i) 10% to 15 %. (ii) 5% to 10%.
Write down the differentiations between monopoly competition and perfect competition?
An extensive theory of imperfect competition was initially developed by: (1) John Maynard Keynes. (2) Antoine Augustin Cournot. (3) Joan Robinson. (4) Joseph Schumpeter. (5) Thorstein Veblen. How can I solve my
Imperfect information at times causes consumer’s attempts to make best use of their satisfaction to fail since: (1) Expectations are imperfectly realized and trial-and-error patterns can lead to the mistakes. (2) Sellers might misrepresent the c
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