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.
Basic energy of a human life
Add 5 more to make 9
What are examples of ideal forms?
Glossary of Basic Ayurvedic Terms
If we make the substitution z=sqrt(x) to ∫sqrt(1-sqrt(x)) dx, the resulting integral is
A buffer solution is prepared using 0.5 moles of a weakly basic drug and an unknown quantity of ...