utility function
notes on separable utility function in microeconomics
For a competitive firm the short-run supply curve is the: (w) marginal cost curve which is above the average total cost curve. (x) marginal cost curve which is above the average variable cost curve. (y) upward sloping part of the marginal cost curve.
Of the given, the firm probably to consider possible reactions through rival firms while making price and output decisions would be as: (w) a family-owned and operated dairy farm in Wisconsin. (x) your local electric utility. (y) the biggest independe
Utilitarianism states that the best society is one which gives the: (1) Essential goods to meet people’s requirements. (2) Biggest happiness for the greatest number of people. (3) Precise measurement of disutility and utility. (4) Highest guaran
Can someone please help me in finding out the accurate answer from the following question. The Wage discrimination needs a firm to possess: (1) Monopsony power. (2) Monopoly power. (3) Oligopoly power. (4) None of these—no po
Vigorous competition for predictable flows of income recommends that federal agricultural subsidies will tend to be rapidly: (1) spent because most farmers lack sufficient budgeting skills. (2) capitalized within higher prices for farm land. (3) slash
I have a problem in economics on Law of equal marginal advantage to consumer behavior. Please help me in the following question. Pertaining the law of equal marginal benefits to consumer behavior outcomes the principle of: (i) Diminishing the marginal utility. (ii) Ov
Allocating scarce resources hence they are put to the uses which best satisfy consumer wants is facilitated through: (w) highly bureaucratic, centralized decision making. (x) tax breaks for wealthy people which “trickle down” to consumers. (y) vigorous com
Price discrimination which successfully increases profit does NOT needs the firm to be capable to: (1) separate the market within different groups along with different demand elasticities. (2) maintain entry barriers which defend a firm’s market
State excess demand or inflationary gap: Excess demand takes place whenever AD is bigger than AS at the level of full employment equilibrium.
Individual demand and market demand schedules: Individual demand schedule states the quantities required by an individual consumer at various prices. Discover Q & A Leading Solution Library Avail More Than 1445994 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1922495 Asked 3,689 Active Tutors 1445994 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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