Lead to allocative and productive efficiency

Assignment Help Microeconomics
Reference no: EM131009506

 How does perfect competition lead to allocative and productive efficiency?

 

Reference no: EM131009506

Questions Cloud

Purchases of the goods of foreign nations : 1) Without the foreign exchange markets (by which citizens all over the world acquire the foreign money they need for purchases of the goods of foreign nations) international trade would not be possible.
What conflict resolution advice would you give to the person : In a 2 page paper, based on the subjects covered throughout the quarter, what conflict resolution advice would you give to the person who will be replacing you (minimum of 5 pieces of advice)? Use proper spelling, grammar, and punctuation. Cite yo..
Prepare a state tax return : Based on the information provided, you are to complete the appropriate 2014 individual tax form and any supporting schedules/forms for the Grants.
Effect of incorrect recognition of revenue : Effect of incorrect recognition of revenue on financial reports - Analysis of the possible impact of IFRS 15 application on revenue recognition practices
Lead to allocative and productive efficiency : How does perfect competition lead to allocative and productive efficiency?
How could they test whether this difference was significant : The participant was instructed to say whether the subjective contours were stronger while the triangle was stationary or while it was rotating. Out of 37 participants, 35 said that the contours were stronger when the triangle was rotating. How cou..
How does it affect on digital natives and immigrants : Consider the implications on both digital natives and immigrants. Issues with the growing content in social media websites and how does it affect on digital natives and immigrants
Assume the marjet for oranges is perfectly competitive : Assume the marjet for oranges is perfectly competitive. If the demand for oranges increases, will the market supply additional oranges?If the demand for oranges increases, the market...
When will the berries reach thirty two degrees : A package of frozen strawberries has been taken from the freezer which is at -25 degrees Fahrenheit. Give a formula that gives the temperature of the berriees in terms of time. When will the berries reach 32 degrees?

Reviews

Write a Review

Microeconomics Questions & Answers

  Discuss how managers use the elasticities measurements

Discuss the meaning of the regression coefficient of the independent variable(s) and how it could be used to estimate the elasticities of each of these variables. Discuss how managers use the elasticities measurements to make managerial decisions.

  Implement a strategy to address possible risk factors

Explain why it is important to plan for uncertainties and how to implement a strategy to address possible risk factors. Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your r..

  Explain the paradox of saving

Explain the paradox of saving. Now suppose the economy is characterised and what will happen to investment? What will happen to public saving?

  Choose the industry recognize the organization in that

you will apply important microeconomics concepts toward the competitive strategies of an organization that operates in

  What are implications in regard to price-output and profits

Suppose a monopoly manufacturer sells directly to a monopoly retailer. What are the implications in regard to price, output, and profits as compared to the case where the monopoly manufacture and monopoly retailer merge

  Would low risk drivers purchase insurance at that premium

Show that if the insurance company could separate drivers without the devices and offer full insurance at the actuarially fair premium of $5,000, the higher risk drivers would prefer insurance to no insurance.

  Are goods x and y complements or substitutes

Suppose you have the following demand function for the good x: x* = 80(py/px) - 0.5I. Are goods x and y complements or substitutes? How do you know?. Does good x demand satisfy the first law of demand? Why or why not?

  1 suppose there are two consumers a and bthe utility

1. suppose there are two consumers a and b.the utility functions of each consumer are given byuaxy xyubxy

  Describe the structure of the federal reserve system

How do global advertising campaigns benefit the company - what are the global advertising strategies of this company? How effective are they?

  What is level of withdrawals - what is level of injections

What is the current equilibrium level of GDP, what is the level of injections and what is the level of withdrawals?

  The investment or government spending multiplier

Does a decrease in the magnitude of the MPS have the effect of increasing, decreasing, or not changing the size of autonomous spending multipliers (that is, the investment or government spending multiplier)?

  Nationalization of industries so pricing is at marginal cost

Why are government imposed "average cost pricing" and "nationalization of industries so pricing is at marginal cost" both second best outcomes to the competitive markets? P=MC=min ATC long run equilibrium?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd