suppose > has an utilitiy represtantion prove transtive

Q: What are the causes of sweatshop ? Enumerate and give meaning.

A: Sweatshops are places of employment where employees are subjected to subpar working conditions,…

Q: Find one positive or one normative statement. Explain how you know they are either a positive or…

A: One positive statement : Moffatt cited similar problems in Alaska, home to a national dividend fund…

Q: Explain the benefits of experience curves?

A: Meaning of Microeconomics: The term microeconomics refers to that situation under which the…

Q: What are the circular flows in the capitalist economy? Please draw it and explain at least in four…

A: Capitalist economy: It is alluded to as the monetary framework where the variables of creation, for…

Q: make a template titled "socio-economic environment impact of a business"

A: Introduction Socioeconomic philosophy is the study of the relationship between economics and social…

Q: The unemployment rate of Oman is measured as 2.55% in 2020, which is lower than the rate of India.…

A: A positive statement is one that can be tested and verified and is not based on a value judgment.…

Q: How can an understanding of micro- and macroeconomic factors aid in small business decision-making?

A: Macroeconomics is the study of the economy as a whole, focusing on factors such as GDP, inflation,…

Q: What does the Powerbar model tell us about how creativity fits into a market economy?

A: Ans-    Market power model means a broader market which existing rebranding bar.  It is constant…

Q: Why is macroeconomics important for business students

A: It can be described as an indicatornthat helps to know about the overall health, performance of the…

Q: Discuss the elements that unsettle the learning curve?

A: Learning curve represents the graphical relationship between learning efforts of a worker and the…

Q: According to Adam Smith, the butcher, the baker, and the brewer do what they do because of…

A: Adam Smith economic theory: Adam Smith is a philosopher who has given a theory that market tends to…

Q: Explain why using opportunity cost as a measure of the “cost” of something is better than using a…

A: Trade-off:The term trade-off refers to sacrificing one commodity in order to buy the other…

Q: What are Positive Economic Profits?

A: For understanding the meaning of positive economic profit, we will first look into the concept of…

Q: Economics? 2. How does it relate to microeconomics?

A: Managerial Economics  Managerial Economics  is a part of economics matters including the utilization…

Q: a. The minimum wage creates unemployment among young and unskilled workers.

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: why david ricardo should be consider as a father of economics?

A: Economics is the study of allocating the scarce resources in the most efficient manner. The three…

Q: Macroeconomics or Microeconomics a. Tesla announced the development of a million mile electric car…

A: Microeconomic and macroeconomics are the two important branches of economics. microeconomics deals…

Q: Education can play an important role in shaping individuals’ norms and values. In what way can the…

A: "Education is the process by which society provides a learner with knowledge, values and other…

Q: Explain the inductive and detective methods of economics not more than 300 words. 100 to 150 words…

A:

Q: what does elimination of bias mean when doing a research study

A: The research process is riddled with difficulties and pitfalls, and inexperienced researchers…

Q: Is there a pattern in opportunity cost changes?

A: Opportunity cost is a micro economics concept refer to the lost of the potential benefit for an…

Q: The concept of opportunity cost is based on the principle of need. demand. consumption. O scarcity.

A: Economics is defined as the social sciences that study how an economy manages its limited resources…

Q: What are the three categories of paradigms?

A: A paradigm is a comprehensive belief system, world view or framework that guides research and…

Q: 3. Price controls in the Florida orange market The following graph shows the annual market for…

A: The equilibrium is a state in which economic forces like supply and demand are balanced and the…

Q: Explain Scarcity and why it exist. also give examples

A: Scarcity is an important concept in the definition of economics because scarcity forces people to…

Q: Discuss how does Managerial Economics differ from Economics?

A: Managerial economics differs from economies because it is the part of economics which requires…

Q: c the impact of a war in the Middle East on the rate of inflation in the United States

A: Microeconomics is that part of economics that studies various agents individually, such as an…

Q: he concept and give other applications of the learning curve. What does 90 percent learning curve…

A: A learning curve refers to the graph that shows the relation between the performance of the learner…

Q: In economics, what is the law of diminishing marginal returns? A. The tendency of firms to minimize…

A: The law of diminishing marginal returns is a key guideline in financial matters and assumes an…

Q: 2. The marginal opportunity cost of the second unit of pizza is:

A: Opportunity cost is the benefit that is lost when a different option is chosen. You must balance the…

Q: definition of standard economic theory

A: Economics: It relates to the production, distribution, consumption of goods and services.

Q: The rule of equating marginal benefit with marginal cost is proper for economics. Is this true?

A: The deep insight of the principle of microeconomics also has a field of environmental economics.…

Q: What could be the major learnings that could developed by taking a introductory microeconomics…

A: The Microeconomics is an economics that deals to satisfy an individual producer, an individual…

Q: Economic is a social science that is considered a precise art.

A: The study of societies and the relationships among persons within those communities is referred to…

Q: What are some economic opportunities and challenges for an ageing population?

A: Meaning of Ageing Population and Economic Opportunity: Ageing Population refers that as large…

Q: write down about the econmics systems.

A: Economy: It is a system that organizes money, industry, trade of a country or region.