Answer to Question 1
Every household must make three basic decisions: (1) how much of each product, or output, todemand; (2) how much labor to supply; and (3) how much to spend today and how much tosave for the future.
Answer to Question 2
Efficiency has nothing to do with who gets the surpluses; that is, efficiency has nothing to do with whether the consumer surplus (or producer surplus) is large or small. Instead, a market is efficient as long as there is no deadweight loss. Because there is no deadweight loss with perfect price discrimination, even though the amount of consumer surplus is as small as possiblezeroand the producer surplus is as large as possible, nonetheless the market is efficient.
The mammalian urinary system including the basic functional unit of the nephron.
Comparison of Household, Apothecary, and Metric Liquid Measurements
Basic Cloud Types
Basic structure of the autonomic nervous system.
To make a 3.00 m solution, one could take 3.00 moles of solute and add
Basic Chemical Structure of Amino Acids