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.
If price ceiling or price floor were removed what is the impact on the economy?
For a nondiscriminating monopolist, there marginal revenue is: (w) profit per unit minus cost per unit. (x) total revenue per unit minus total cost per unit. (y) the modification in total revenue divided by the modification in total c
Staunch defenders of the contribution standard for income distribution would not argue that: (w) people must receive income at least commensurate along with survival needs. (x) equity requires people to be rewarded as per their marginal productivity.
Why does a marginal benefit curve slope downwards?
The amount of output supplied is exactly proportional to the price therefore the price elasticity of supply equivalents one into: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D. Q : Compute price elasticity At price of At price of Rs. 20 the unit quantity demanded is 300 units. Its price downs by 10% its quantity demanded rises by 60 units. Compute price elasticity. Answer: <
At price of Rs. 20 the unit quantity demanded is 300 units. Its price downs by 10% its quantity demanded rises by 60 units. Compute price elasticity. Answer: <
When fear that giant firms will default onto their debts drives down the prices of corporate bonds, in that case: (w) established corporations will rely more heavily onto sales of stock to secure funds. (x) interest rates onto these bonds increase sim
Describe the law of demand with help of a schedule diagram? Answer: The Law of demand states that there is an inverse relationship among the price of a commodity an
Meaning of deflationary Gap: This is the gap among excess of aggregate supply over the aggregate demand at complete employment level.
Producers equilibrium signifies the stage beneath which with the help of given factors of production producer attain the level of production of which he is acquiring maximum gain.
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