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.
Interest rates tend to be negatively associated to: (w) household preferences for more liquid assets. (x) typical rates of return on alternative investments. (y) household willingness to delay consumption. (z) investor optimism concerning rates of ret
Components of capital account: (i) Foreign investment (ii) Foreign loans (iii) Banking capital and other capital (iv) Monetary movements.
Government budget: Government budget demonstrates the estimated receipts and estimated expenses of the government for 1-year.
Tell me the answer of this question. Economists would describe the U.S. automobile industry as: A) purely competitive. B) an oligopoly. C) monopolistically competitive. D) a pure monopoly.
A competitive industry is in long-run equilibrium only after: (w) net pressure for entry or exit is zero. (x) each firm produces to its capacity. (y) owners reap all the profits they desire. (z) union bosses and firm managers reach mutual agreements.<
When this figure demonstrated Lorenz curves for distribution of income after taxes and transfers, in that case it is UNTRUE of the Lorenz curves demonstrated in this demonstrated figure that: (1) line 0E0' represents a Lorenz curve of
I have a problem in economics on Problem on Agency Shop. Please help me in the following question. The Nonunion members can’t ‘free-ride’ in the states with Right-to-Work laws when a company agrees to operate a or an: (i) Closed shop
When one firm controls all production and the price of a good without shut substitutes, there is: (i) monopoly market structure. (ii) violation of the law of demand and supply. (iii) lack of equity although assurance of efficiency. (iv) legal barrier to entry. (v) cer
It is not possible for a nondiscriminating, that profit maximizing monopolist to attain equilibrium where MR = MC as well as: (w) economic profit = 0. (x) economic profit is negative. (yz marginal costs are at the minimum of average costs [MC = ATC].
Tax: It is a compulsory payment prepared by household and firm to government.
18,76,764
1923131 Asked
3,689
Active Tutors
1427795
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!