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How are resources allocated under a capitalistic economy?
By the market mechanism...where they will be used most efficiently by those who can pay the price at equilibrium
Discuss equilibrium of a firm under monopoly what are the conditions of equilibrium?
when marginal revenue equal to marginal cost,when marginal cost curve cut marginal revenue curve from the below and when price is greter than average total cost
Consumer equilibrium utility approach?
when does consumer attain equilibrium under the utility approach
What is consumer equilibrium under cardinal approach?
illustrate and explain e the consumer equilibrium ender cardinalist and ordinalist?
What is Consumer equilibrium under ordinal utility approach?
Consumer equilibrium is the point where consumer attains highest level of satisfaction. There are two conditions of equilibrium under ordinal approach 1- Necessary Condition: 'Budget line is tangent to the highest possible indifference curve.' 2- Sufficient Condition: 'At equilibrium, Indifference curve must be convex to the origin' Thus, at equilibrium , Px/Py (absolute slope of Budget line) = dy/dx (absolute slope of Indifference Curve) (In simple words, it'd determination of consumer's equilibrium with the help of Indifference curve.)
Under which conditions is price discrimination possible?
discriminating possible and profiable
How are resources allocated under a capitalistic economy?
By the market mechanism...where they will be used most efficiently by those who can pay the price at equilibrium
What has the author Burton A Zorn written?
Burton A. Zorn has written: 'Business under the new price laws' -- subject(s): Price discrimination, Unfair Competition
Discuss equilibrium of a firm under monopoly what are the conditions of equilibrium?
when marginal revenue equal to marginal cost,when marginal cost curve cut marginal revenue curve from the below and when price is greter than average total cost
Consumer equilibrium utility approach?
when does consumer attain equilibrium under the utility approach
What is an example of discrimination under title VII?
B. Discrimination on the basis of race or national origin.
What is consumer equilibrium under cardinal approach?
illustrate and explain e the consumer equilibrium ender cardinalist and ordinalist?
What temperature is the reaction at equilibrium?
The temperature will depend on the reaction that is under consideration.
What has the author T N Srinivasan written?
T. N. Srinivasan has written: 'Price normalization and equilibria in general equilibrium models of international trade under imperfect competition' 'Theories of long-run growth'
What does Le Chtelier's principle say about upsetting a system at equilibrium?
Le Chatelier principle says, if a restriction is applied to a system in equilibrium, the system adjusts to a new equilibrium that tends to counteract the restriction. When equilibrium is under stress it will shift to relieve that stress. or all concentrations would change.
What is Consumer equilibrium under ordinal utility approach?
Consumer equilibrium is the point where consumer attains highest level of satisfaction. There are two conditions of equilibrium under ordinal approach 1- Necessary Condition: 'Budget line is tangent to the highest possible indifference curve.' 2- Sufficient Condition: 'At equilibrium, Indifference curve must be convex to the origin' Thus, at equilibrium , Px/Py (absolute slope of Budget line) = dy/dx (absolute slope of Indifference Curve) (In simple words, it'd determination of consumer's equilibrium with the help of Indifference curve.)
Pregnancy Discrimination Lawyer NYC?
New York City discrimination lawyers Mansell Law help employment discrimination victims sue under Title VII or for New York Human Rights Law violations.
