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Author Question: A social welfare function (SWF) A) depicts the preferences of the president of the country. B) ... (Read 55 times)

KWilfred

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A social welfare function (SWF)
 
  A) depicts the preferences of the president of the country.
  B) combines various consumers' utilities to provide a collective ranking of allocations.
  C) indicates the choices that are acceptable by most consumers.
  D) is the outcome of a majority voting decision rule.

Question 2

Long-run average cost is never greater than short-run average cost because in the long run,
 
  A) capital costs equal zero.
  B) the firm can move to the lowest possible isocost curve.
  C) wages always increase over time.
  D) wages always decrease over time.


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yahahah24021

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KWilfred

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Reply 2 on: Jul 1, 2018
:D TYSM


deja

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Reply 3 on: Yesterday
Gracias!

 

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