Axioms of consumer preference, determine if completeness and transitivity a...

determine if completeness and transitivity are satisfied for the following preferences defined on x=(x1,x2)and y=(y1,y2);if x>y or x=y and x2>y2,if for min{x1,x2}

Please Help, 7.Consider the following production possibilities table: Op...

7.Consider the following production possibilities table: Option Y X A 0 100 B 80 80 C 120 50 D 140 10 a)Provide a measure of the approximate marginal opportunity cost of

Functions of the wto, Functions of the WTO: The WTO performs the follo...

Functions of the WTO: The WTO performs the following functions:   •  It administers through various councils and committees the 29 agreements contained in the final act of

Break even analysis under linear and curve linear ,

Economic planning, what are the recommendations for effective economic plan...

what are the recommendations for effective economic planning?

Surplus- economics, Surplus: Anysector or agent in economy (business, hous...

Surplus: Anysector or agent in economy (business, householdor government) experiences a surplus when its income surpasses its expenditure. Surplus, Economic: For the economy

Comparative advantage, what is comparative advantage

what is comparative advantage

General equilibirium, What is the theory of second best? Prove the theorem ...

What is the theory of second best? Prove the theorem with the help of a diagram

Circular flow of income, Ask question what is frugal economy

Ask question what is frugal economy

Political economy, what is the significance of the Loucas critique in polit...

what is the significance of the Loucas critique in political economy?