microeconomic international policy, Microeconomics

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Ask questi‘Social welfare functions embody a normative conception of the relative importance of equity and efficiency’. With the aid of diagrams, illustrate and explain this proposition.on #Minimum 100 words accepted#

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The price at which output is sold in a perfectly competitive market is determined by

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Consider two individuals M and F who must split 20 units of good X and 10 units of good Y. Suppose we can represent M's preference with the utility function Um =X ^2 mYm and Fs

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