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.
What is the difference between decreasing marginal returns and negative marginal returns?
Can someone please help me in finding out the accurate answer from the following question. Siberian Software vends custom programs to multinational corporations. Its programs are coded in a remote region. In equilibrium, the Siberi
One political benefit of the market system over the majority of other economic systems is that: (1) The power to take decisions is comparatively decentralized. (2) Democratic decisions are steadier than individual selections (3) Centralized decisions
Investment demand function: Investment demand function is the relationship among rate of interest and investment demand. There is an inverse relationship among the rate of interest and investment demand. High inter
A price elasticity of demand coefficient of 2.5 approximately implies that: (1) quantity demanded rises 1 percent while price rises 2.5 percent. (2) quantity demanded grows 2.5 percent along with a 1 percent price cut. (3) price rises 2.5 percent whil
When all households have equal incomes, in that case the Lorenz curve would be: (w) zero. (x) a 45 degree line. (y) 1. (z) rectangularly hyperbolic. Hey friends please give your opinion for the problem of E
When the preference for current consumption over future consumption weakens, in that case the: (w) interest rate rises. (x) interest rate falls. (y) present value of future income falls. (z) equilibrium level of investment falls.
Higher real interest rates give in: (w) greater incentives to save and decreased incentives to invest. (x) increases in the amount of liquidity desired by financial investors. (y) increases in the optimal debt-equity ratio of a corporation. (z) decrea
This needs to be identified that general abandonment of supposition of perfect competition, universal adoption of supposition of monopoly, need to have extremely destructive consequences for economic theory.”
A member of a cartel would be probably to increase its profits by: (1) undercutting the prices of other cartel members when this did not get caught. (2) setting its price above which of other cartel members. (3) aggressive nonprice marketing promotion
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