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.
Techniques of how to produce?: Broadly, there are two main methods of production. (i) Labour intensive Technique: Under this method, production depends mostly on the
Ex-ante investment: This is planned or desired investment throughout a specific period.
pizza and sausage substitute or compliment wheat and rye substitute or compliment
Who decides price beneath perfect competition? Answer: Price under perfect competition is recognized by the forces of market demand and supply in business.
Pure competition yields economic efficiency through: (w) punishing profit maximizing behavior. (x) forcing firms to adopt the least costly technologies available. (y) generating high profits as incentives. (z) rewarding entrepreneurs
Into the long run, interest rates depend LEAST upon the: (1) premiums needed to induce savers to delay consumption. (2) premiums necessary to induce wealth holders to sacrifice liquidity. (3) productivity of new capital. (4) demands and supplies of lo
Perfectly inelastic demand curves include constant price elasticities equivalent to zero as well as: (i) cannot exist within the real world across the full range of possible prices. (ii) happen more often than any other type. (iii) are horizontal line
Alyssa’s Floral Shoppe dropped its prices for a dozen increases from $45 to $35 in this year. Due to this decrease within price, the quantity sold raised from 1000 to 1500. Therefore the price elasticity of demand for Alyssa’s rises is: (w
Beside a negatively sloped, that has straight-line demand curve, there one constant is: (w) price. (x) quantity demanded. (y) slope. (z) the price elasticity of demand. Please guys help to solve this problem of
When tuna fish ice cream and licorice gummy bears are substitutes, then: (1) Decline in the price of licorice gummy bears raises the demand for tuna fish ice-cream. (2) The demand for tuna fish ice-cream is independent of price of licorice gummy bears. (3) Consuming m
18,76,764
1955923 Asked
3,689
Active Tutors
1456071
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!