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

Econ - Assignment Example

Only on StudentShare
High school
Assignment
Miscellaneous
Pages 3 (753 words)

Summary

Moreover, C must be indifferent to A, but this can happen if C is preferred to A. As a conclusion, indifference curves cannot cross.
c)…

Extract of sample
Econ

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 Essays

econ
This paper will look at the law of supply and demand and how it is applied in real life.…
3 pages (753 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)
econ
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)
econ ON OLIGOPOLY & SOME GAME THEORY IDEAS WITH OLIGOPOLY
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)