StudentShare solutions
Got a tricky question? Receive an answer from students like you! Try us!

Assignment example - Econ

Only on StudentShare
High school
Pages 3 (753 words)
Moreover, C must be indifferent to A, but this can happen if C is preferred to A. As a conclusion, indifference curves cannot cross.

Extract of sample

So, if the employee consider that the tax refund is permanent (i.e. will not be adjusted upwards at some point in the future) he will consider he has a greater disposable current income (represented by an outward shift in the budget constraint from ω to ω’). In the other case, the employee will use the tax refund for savings (a shift from ω to ...
Download paper
Not exactly what you need?

Related papers

This paper will look at the law of supply and demand and how it is applied in real life.…
3 pages (753 words)
Labor Econ
The intermittent attendance of women in the labor force would mean less return for the employer for every training and additional knowledge that it has given a female employee. The lack of training on the part of the women explains this difference in wages.…
4 pages (1004 words)
Econ 310 Sangkeun 1st assignment
The pleasure obtained from using a certain thing will differ from one person to another, depending on the perspective of the possessor or owner of that thing. This use value cannot be quantified in terms of how much pleasure one can obtain or not.…
2 pages (502 words)
Econ Assignment
The fall in income earned by the consumers in the U.S. could be viewed as its impact on the current account. It is estimated that almost 10% of every Dollar spent by U.S. customers is on purchase of imported goods (Kaplan) however as the income falls in the U.S. the customers demand for imported goods will surely be affected. As consumers spend less on goods and services the proportion they spend…
4 pages (1004 words)
Additionally, with a gold standard, the central bank could not apply monetary policy in order to stabilize the economy. More to this, the central bank could not raise the interest rates during inflation and lower them during recession, to stabilize the economy.…
3 pages (753 words)
In the contestable market the evaluation of dealings among current firms and prospective entrants is investigated more critically. The market incumbents maintain an oligopoly through the determination of price levels in the market in their favor. Again the oligopoly is maintained by the government favor and creates a barrier for other firms from venturing in the market.…
3 pages (753 words)