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Question:
(a) Discuss the conditions necessary to achieve Pareto Efficiency.
(b) Competitive markets are generally assumed to lead to a Pareto optimal allocation of resources. Thus, in the presence of market failures, Pareto optimal allocation is not achieved. Discuss the most important causes of market failures.
Discuss, using examples the economic consequences of a sudden monopolization of an industry that had been previously been competitive
QUESTION (a) Explain the 3 different ways of calculating national income. (b) Does the National Income figure accurately reflect the living standard of a population? Discuss
The problem with the above method crops up when we want to compare two or more dissimilar (different sized) projects. A mega project may yield a very large NPV sum, whereas a mini
two political party called hawks show apoint ppf that the hawks might choose and a point the doves might choose
Chelsea Football Club a) Reasons could include: the probable for CFC to return healthy profits; CFC may have been undervalued at the time of purchase; Abramovich could simply b
define scarcity and opportunity cost? what role these two concepts play in the making of decision making?
1) True or False: Elections under the NLRA were intended to replace the need for striking in order to have a union recognized. 2) True or False: Companies can voluntarily acknow
Explain Marris’ Growth Maximisation Model in detail. Explanation of the model Constraints Demerits
How has the definition of diversity changed over time? Can a diverse workforce help a company compete more effectively? How?
Question: Yamba Home Products is just beginning its fourth quarter, in which peak sales occur. The company has requested a $12,000, 90-day loan from its bank to help meet cash
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