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Discuss the proposition that pareto optimality is a necessarybut not a sufficient condition for social welfare maximization?
Wiki User
∙ 10y ago
three marginal conditions for welfare maximization
Wiki User
∙ 10y ago
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Necessary and sufficient condition for profit maximization?
Marginal Revenue = Marginal Cost
Is use of least-cost input combination a necessary condition for profit maximization is it a sufficient condition explain?
1. Minimization of Cost for a Given Level of Output: Least Cost Conditions
What is the Definition of Sufficient Demand?
The amount of Demand that is Sufficient enough for the Business or Product
How might a country's level of economic development influence the effects that storms have on people?
If a country has a poor level of economic development, they will likely lack the monetary resources to build roads and/or maintain a sufficient level of emergency response and preparedness (police, EMTs, fire-fighters, etc.) thus making access to healthcare, nutrition and adequate protection after a major storm or other natural disaster a difficult proposition at best.
In what ways is wealth maximization objective superior to the profit maximization objective?
Wealth maximation aims in maximising Shareholders wealth, employees wealth, profiting the external and internal parties of the firm, vendors, vendees, customers, investors, employers and all the parties interested in the benefit of the company. Wealth maximation results in increased goodwill, branding and reputation of the company. Where as profit maximation only deals with increased profits. Wealth maximation is a wider concept
Necessary and sufficient condition for profit maximization?
Marginal Revenue = Marginal Cost
Is use of least-cost input combination a necessary condition for profit maximization is it a sufficient condition explain?
1. Minimization of Cost for a Given Level of Output: Least Cost Conditions
Can there be difference between profit maximization and shareholders wealth maximization?
Profit maximization is short term as compare to share holder's wealth maximization, Managers should focus on Share holder's wealth maximization because its what they are hired for. also there are sevseal reasons such as.... 1) the share holders wealth is be considered.. 2)profit maximization doesnt say which type of profit it should maximize-short term or long term 3)profit maximization ignores the social values but only aims at earning maximum profit. 4)wealth maximization also considers improving the goodwill of the organization
Can you give me a sentence for sufficient?
Have you had sufficient to eat? The police did not have sufficient evidence to prosecute.
What is the correct phrase sufficient proofs or sufficient proof?
The correct phrase is "sufficient proof".
What is a sentence with 'sufficient' in it?
The meal was sufficient for my sustenance. Has your account sufficient funds to cover this check?
What is a proposition law?
A proposition is a statement that expresses a claim or belief that can be true or false. Propositional logic, or propositional calculus, is a branch of logic that studies the relationships between propositions using logical operators such as "and," "or," and "not." Propositional laws are the fundamental rules and principles that govern the manipulation and evaluation of propositions.
What is the synonym of the word sufficient?
enough is a sufficient synonym.
Is Lycopodium-200 sufficient?
is this medicine sufficient for ed
Is 1200 dpi sufficient for printing?
yes it is sufficient.
Example of sufficient in a sentence?
I have sufficient supplies for my camping trip.
What is a synonym for sufficient that starts with a?
Adequate is a synonym for Sufficient that begins with a.
