What is general equilibrium and under what conditions will it be achieved? What are the welfare consequences
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
General equilibrium is the condition in which all markets are in simultaneous ...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Under what conditions will it be ideal to use one or several of the relative valuation ratios to evaluate a stock?
-
Under what conditions will it make practically no difference whether we sample with or without replacement? Give numeric examples.
-
Under a welfare plan, poor people are given a lump-sum payment of L. If they accept this welfare payment, they must pay a high marginal tax rate, = 1/2, on anything they earn. If they do not accept...
-
a. Consider the effect of population growth on the allocation on the dynamic efficient allocation of a depletable resource across time. Suppose we have two versions of the two-period model, discussed...
-
How would you go about making a stepped extrusion that has increasingly larger cross sections along its length? Is it possible? Would your process be economical and suitable for high production runs?...
-
The Nardo ring is a circular test track for cars. It has a circumference of 12.5 km. Cars travel around the track at a constant speed of I 00 km/h. A car starts at the easternmost point of the ring...
-
Use the data in the first table of Global Insights 6.1 to calculate U.S. tariff revenues on costume jewelry, glass and glassware, and rubber footwear. Global Insights 6.1 The Welfare Costs of...
-
The Escargot is a small French restaurant with 6 waiters and waitresses. The average service time at the restaurant for a table (of any size) is 80 minutes (exponentially distributed). The restaurant...
-
Evil One drops Joe out a plane flying horizontally. After 2 seconds of thought, he throws a rock vertically down to scare Joe (even more). If the rock is moving 10 m/s faster than Joe when it passes...
-
Aries Limited wishes to raise additional finance of Rs 10 lakh for meeting its investment plans. It has Rs 2,10,000 in the form of retained earnings available for investment purposes. The following...
-
The Truth-in-Lending Act (15 U.S.C. 16011604 (1982)) requires the uniform disclosure of the interest rate to borrowers in a readily intelligible form. Assume that before the act, there was...
-
What are the four sources of market failure? Explain how each of them causes individual profit- and utility-maximizers to make decisions that may be privately optimal but are socially suboptimal....
-
Are there possible conflicts of interests between the various users of financial information? If your answer is yes, please provide some illustrations; if your answer is no, explain why.
-
A basketball player is running at 5.40 m/s directly toward the basket when he jumps into the air to dunk the ball. He maintains his horizontal velocity. (a)What vertical velocity (in m/s) does he...
-
Build a spreadsheet that identifies the breakeven unit production based on the following: A small bicycle factory is building their first series of mountain bikes. They build the frame from scratch...
-
Suppose that an individual stock's return is normally distributed with a mean of 9.3% and a standard deviation of 4.4%. Suppose that all stocks had the same distribution of returns. What return must...
-
Identify the components (determinants) and the symbols associated with each characteristic. Characteristic This is the rate on short-term U.S. Treasury securities, assuming there is no inflation. It...
-
QUESTION 1 (5 MARKS) b) a) There are two separate spheres; a negatively charged sphere and a neutral sphere as shown in Figure 1 (a). Then, a metal bar is used to connect both spheres as shown in...
-
Those who are generally held to the standard of care of a reasonable person include: a. intoxicated people. b. people who are emotionally unstable. c. people who are of substandard intelligence. d....
-
Let (X. A. p) be a measure space. Show that for any A,B A, we have the equality: (AUB)+(An B) = (A) + (B).
-
A warranty of title mans that the seller warrants that the title for the goods being sold is good and that the transfer is rightful. True/False
-
Jonnel Enterprises, Inc., contracted to construct a student dormitory at Clarion State College. On May 6, Jonnel entered into a written agreement with Graham and Long as electrical contractors to...
-
Baker entered into an oral agreement with Healey, the State distributor of Ballantine & Sons liquor products, that Ballantine would supply Baker with its products on demand and that Baker would have...
-
PLM, Inc., entered into an oral agreement with Quaintance Associates, an executive headhunter service, for the recruitment of qualified candidates to be employed by PLM. As agreed, PLMs obligation to...
-
An automobile cooling system holds 16 L of water. How much heat does it absorb if its temperature rises from 20 C to 80 C? A 5.0 kg lead ball is dropped into a 2.0 L insulated pail of water initially...
-
A 15.0 kg box is allowed to slide from rest down a ramp that makes an angle of 30.0 o to the horizontal. The coefficient of friction between the box and the ramp is 0.400 and the ramp is 5.00 m long....
-
1. A bowling ball rolls without slipping up a ramp that slopes upward at an angle beta to the horizontal. Treat the ball as a uniform, solid sphere, ignoring the finger holes. What is the...
CHEMISTRY PRACTICALS YOU MUST KNOW And How To Do Them 1st Edition - ISBN: 979-8863508498 - Free Book
Study smarter with the SolutionInn App