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show that the necessary and sufficient conditions for consumer equilibrium under both cardinal and ordinal utility theories are identical .
1) The Economy cannot be considered fully employed unless the measured unemployment rate is below 1%. Agree or disagree and explain your answer in a paragraph. 2) A) Why would y
if the marginal production of labor is rising, is the marginal cost of production rising or falling? Briefly explain
Assume in the Solow growth model that s=.25, n=.02, d=.08, and f(k)=k^3. A) Assume that z=2. What is the steady state level of capital per worker and consumption per worker?
A country s choice among the production of education and nuclear submarines is an issue of opportunity cost. Explain the issue using a PPF. Resources are limited whereas
Which drug is likely to be the most profitable for its producer (in terms of average “per-drug” profit)?
Distributive Bargaining An approach to negotiation that finds to divide up a fixed amount of resources.
What is meant by non Price Competition? In which market structure does it exist? None price competition is an effort put by the supplier to earn extra profit without enhancing
causes for emergency of monopoly
What is the benefit (main work) of economics in our life? Economics plays a very important role in development of a country. A country's economy shows the stability of that co
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