Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Explain externality, how can government intervene to achieve allocative efficiency in case of external cost or external benefit?
Answer
The term externalities refers to both external economies and diseconomies. When the action of an economic decision maker creates benefits for others, without being compensated it creates an external economy for others. When the action of an individual creates costs for others for which he does not pay, it creates an external diseconomy.
Government can intervene to achieve allocative efficiency by the following ways-
1) Imposing taxes.
2) Providing subsidies.
3) Setting quotas limits.
Illustrate and explain the changing demand for big mac using the indifference curve and budget line.
Inflation-Unemployment Trade-off under Adaptive Expectations : By the late 1960s, the inverse relation between inflation and unemployment as suggested by the Phillips curve was
merits and demerits of monopsony
What is Hybridization? Atomic orbitals can be combined, in a process called hybridization in chemistry , to describe the bonding in polyatomic molecules. Descriptions of the b
Moving Average Methods: Under this methods the moving average to the sales of the past years is computed. The computed moving average is taken as forecast for the next year or peri
sir i want critics of marris''s model , i have an assginment (write critics of marris''s model)
Use a PPF to explain the difference between actual and potential growth. The PPF shows possible output, taking into consideration all factors of production - but de facto outpu
The demand curve for gasoline is P = 200 - 10Q. a. Find the elasticity of demand for a quantity of 8. Does this number imply that quantity demanded is sensitive to price chan
The Market for Pool Rafts The market for pool rafts in Playa del Largarto is competitive and includes no transaction costs. Five suppliers are willing to sell pool rafts in P
theory of profit
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd