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 structure of the autonomic pathway
Each cell nucleus throughout the body contains the genes, DNA, and chromosomes that make up the ...
Basic structure of the autonomic nervous system.
genetic code: The basic principle of translation
If we make the substitution z=sqrt(x) to ∫sqrt(1-sqrt(x)) dx, the resulting integral is
Curved spines make cocklebur (Xanthium) fruits stick to the fur of animals (and clothing of humans)