Determines price and output in the long run, Microeconomics

Assignment Help:

Problem 1:

(a) Differentiate between positive and negative externalities? Justify your answer using examples.

(b) To what extent do government policies influence externality?

Problem 2:

(a) Explain how in economic theory a perfectly competitive firm determines price and output in the long run.

(b) ‘A monopolist is inefficient as compared to a perfectly competitive firm'. Discuss.


Related Discussions:- Determines price and output in the long run

Economics for you, How to solve economics assignment help?

How to solve economics assignment help?

Policies for social infrastructure development, POLICIES FOR SOCIAL  INFRA...

POLICIES FOR SOCIAL  INFRASTRUCTURE DEVELOPMENT: The origin of official policies for social infrastructure development is the National Policy of Education, 1986 for the develo

Second best theory, what is the theory of second best?prove the theorm with...

what is the theory of second best?prove the theorm with the help of diagram?

Monopoly, What are the causes of emergence of monopoly?

What are the causes of emergence of monopoly?

Aggregate supply, Aggregate Supply When referred to in the circumstanc...

Aggregate Supply When referred to in the circumstance of GNP or GDP, aggregate supply refers to the labor and capital needs to proceeds the level of products and services need

What determines the price elasticity of demand, Question 1: i) Elaborat...

Question 1: i) Elaborate on the different types of price discrimination that a monopolist may use and what are the required preconditions for its application? ii) What dete

Vitamin a, 1) Vitamin A Vitamin A has been chosen as the vitamin to be incl...

1) Vitamin A Vitamin A has been chosen as the vitamin to be included in the supplement since it has a role in several functions some of which as follows: 1. Helps in proper vision.

Capital account, Capital Account: The capital account deals with long an...

Capital Account: The capital account deals with long and short-term capital movement.These capital movements are referred to as autonomous because they take place for business o

International bank for reconstruction and development, INTERNATIONAL BANK F...

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT: The main function of the IBRD is of long-term capital assistance to its member-countries for their reconstruction and de

Revealed preference theory, discuss the revealed preference theory of consu...

discuss the revealed preference theory of consumer behaviour

Write Your Message!

Captcha
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