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.
Carlos and Ivana are room-mates and friends. Carlos and Ivana eat together despite who cooks on a given night. Within this payoff matrix, Nash equilibrium could never be obtained in that: (w) neither Carlos nor Ivana cook, nor do they eat. (x) Carlos
Types of Cost: A) Direct costs: clearly chargeable to a work package: labour materials equipment other Q : Median Relative Income Measurement A A family which has income greater than half the median incomes of other American families, although less than twice which median income, is categorized by the Department of the Census as: (1) impoverished. (2) low relative income. (3) working class. (
A family which has income greater than half the median incomes of other American families, although less than twice which median income, is categorized by the Department of the Census as: (1) impoverished. (2) low relative income. (3) working class. (
Bank rate: This is the rate of interest at which central bank provides loan and advance to commercial banks.
Firms which operate numerous plants that produce similar good are: (i) Vertically integrated. (ii) Generating leakages in circular flow. (iii) Proprietorships. (iv) Horizontally integrated. Can someone please help me in finding out
When a tax on goat cheese is totally paid by consumers through higher prices, in that case the tax has been: (1) alleviated. (2) actualized. (3) backward shifted. (4) forward shifted. (5) randomized. Hello guys I w
How do you determine the total demand for money. In a graph, what is demand contingent upon?
must use graphs to demonstrate/support answers where available. Submission is to be made tonight, so needs to be finished urgently
One of my friend can't find the answer of this question.Give me answer of this question. From a heterodox perspective, the household is rarely indifferent while considering the profit of two bundles of goods.Why?
Several buyers and sellers are forced to be price-takers since: (w) vigorous competition maintains individuals from noticeably influencing the market. (x) only monopoly firms adjust quantities. (y) markets adjust slowly. (z) quantity adjustment is not
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