In an edgeworthbox of an economy

Assignment Help Microeconomics
Reference no: EM13829884

In an edgeworthbox of an economy, do the following

1-sketch a situation where preferences is not convex not strictly monotonic and there is no walraisian equilibrium.

2-sketch a situation where preferences is not convex not strictly monotonic yet walraisian equilibrium exist.

3- repeat (1) and (2), but this time assume preferences are not continuous. 

 

 

Reference no: EM13829884

Questions Cloud

An insurance marker consists of high-risk patients : An insurance marker consists of high-risk patients, who average $40,000 in spending per year, and low-risk patients, who average $1,000 per year. Overall, low-risk patients represent 90 percent of the population. What would average spending be for a ..
Development approaches of firm with relevant examples : Discuss technology generation vs technology development approaches of a firm with relevant examples?
Briefly discuss the law that allows for right-to-work states : Briefly discuss the law that allows for right-to-work states to exist and why it was implemented. What does this mean for employees, and how does this differ from the union situation in non-right to work states
Importance in technological innovation in firm : What is technology diffusion and discuss its importance in technological innovation in a given firm?
In an edgeworthbox of an economy : 1-sketch a situation where preferences is not convex not strictly monotonic and there is no walraisian equilibrium. 2-sketch a situation where preferences is not convex not strictly monotonic yet walraisian equilibrium exist. 3- repeat (1) and (2), b..
How your life and identity would differ as a consequence : The question is from Sociology and it is explore writing an essay about the sociological characteristics that make a person a social individual. Here an example of first person view of an Australian woman has been given.
Share resources to achieve a mutually beneficial objective : One way to think about this is if there is one company who manufactures a product and allows another company to utilize the exact same resources to manufacture the product to sell in a different market that the current company does not currently util..
Role of technology in enhancing overall compositeness : What is the role of technology in enhancing the overall compositeness of a firm; supporting your answer with suitable examples?
Analyze corporate-level strategy : Analyze the companys history, development, and growth - Identify the company's internal strengths and weaknesses.

Reviews

Write a Review

Microeconomics Questions & Answers

  If cameron is the risk neutral inventor which option will

cameron is an investor trying to decide among the following three different investment options.option anbsp price today

  Explain changes in disposable income

Explain the following statement: "Changes in disposable income lead to movements along the consumption function while changes in wealth lead to a shift of the consumption function.

  The advantages and disadvantages of cost-plus pricing

What are (a) the advantages and (b) the disadvantages of cost-plus pricing? (c) Why is incremental cost pricing the correct pricing method? Why is full-cost pricing equal to it?

  Monetary transmission mechanism

Monetary Transmission Mechanism: According to the Keynesian school, show what happens, step by step, when the Federal Reserve sells US treasury bills to US banks. What is the difference between the Keynesian view and Monetarist/Rational Expectations ..

  Afect the economy cycles with discretionary monetary and f

Wise politicians would therefore be advised not to meddle and attempt to affect the economy cycles with discretionary monetary and fiscal policies.

  What critiques have brought to bear on bohannans explanation

Reference Paul Bohannan's work among the Tiv, and explain the consequences of the appearance of money on Tiv modes and spheres of exchange. Secondly, what critiques have been brought to bear on Bohannan's explanation

  Question 1 evaluate the mu of x nbspin the following

question 1 evaluate the mu of x nbspin the following utility functions at x10nbspquestion 2.suppose you obtain utility

  The slope of the demand curve for rice

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..

  Explain the strategic choices which should be considered

describe the strategic choices that must be considered before entering international marketsdescribe the importance of

  Indifference curve and budget line to analyze the behavior

Make an indifference curve and budget line to analyze the behavior the choice of leisure time and hours of work of employees who are paid:

  Calculate the value of economys marginal propensity of save

Suppose that in an economy a $40m increase in consumption leads a $200m increase in national income. Calculate the value of this economy's marginal propensity of save.

  Limited real-estate available for expansion

How will older ports like Baltimore, Philadelphia, etc. with limited real-estate available for expansion be able to compete with newer larger ports.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd