Distribution of theory

Q: Meaning of economic

A: Like the other social sciences, Economics also involves the study of human interactions with each…

Q: Which factor affects health? Income Education Medical care All of the above

A: Health refers to the absence of mental and physical illness.

Q: b) households; automobiles

A: By definition, Consumption, in Economics, is the use of goods and services by households.…

Q: According to John Rawls, society gains more from improving the welfare of the rich household.

A: As a political theorist, John Rawls (born in 1921 and died in 2002) was an influential figure in the…

Q: Tom is a salesman.  The following are the details regarding source of his income.           Base…

A: Average annual earnings is the average income earned by an employee in a fiscal year. It is…

Q: Ratio of change in savings because of change in income is known as _________

A: # consumption and savings are the two main important part of the income. Consumption is that part of…

Q: orofit-maximizing quantity is

A: The expenses occurred during the output production depicts the total cost (TC). The revenue occurred…

Q: online school. Her utility function is based on the income she earns, and is defined b J(1) = 10.8.…

A: The utility function of consumer is differentiated to know if consumer is risk averse or risk lover.…

Q: Economics Run binary logit model on logfees income (dep var is which_clinic); A. Interpret your…

A: Given The statement is Run binary logit model on logfees income (dep var is which_clinic); A.…

Q: candidate 2 He would keep Status quo. vote for the candidate that maximises Jane would her utility.…

A: Marginal tax rate refers to the rate at which a regulatory body or the government of a place charges…

Q: te good and H is the level of health. vidual has income, m $100. e of the composite good, Z, is Pz =…

A:

Q: Draw cobweb model for 1. Fluctuation of market price

A: Cobweb theory states that fluctuations in price could in turn lead to fluctuations in supply causing…

Q: What is the relevance opportunity cost of a worker whether to accept a new job?

A: Opportunity cost refers to the foregone benefit which would have been derived from a option not…

Q: Services are tangible product; activities provided by other people, such as doctors, dentists,…

A: In economics, goods are objects that are obtained at the end of the production process. A producer…

Q: what is the defenition of economic well-being

A: Economic wellbeing is one of the measures which indicate the standard of living. If a person,…

Q: mount of work a person will do as wage increases depends entirely on the size of the wealth

A: Wealth matters however, somehow or another, income matters more. That is on the grounds that it's…

Q: What is full price vs full income in household economics?

A: We are required to define full income and full price with regard to household economics.

Q: The cust for long lerm care is increasing because the population is gelling less mobile the…

A: Health  is most important factor in  capital formation because a good health is the Indicator of…

Q: Indiffernece curve is concave to origin Select one: a. False O b. True

A: When a consumer gets equal utility for different combinations of goods, they are said to be…

Q: s and explain i

A: Statistical analysis is the science of collection of data and uncovering of the trends and…

Q: A student's GPA is considered qualitative. O quantitative. O both qualitative and quantitative.…

A: A variable can be classified as quantitative or qualitative depending on its characteristics.

Q: Giving money to poor family members as help is an example of:

A: Meaning of Social Welfare: The term social welfare refers to the situation under which the…

Q: b) households

A: In the loanable market the amount of loan and interest rate  is decided by in the intersection of…

Q: Why is social class a better indicator than income in assessing a person's possible product Purchase

A: The purchase of products depends upon the several factors associated with the consumer. It takes…

Q: Set different measures of welfare with it's dimensions in detail

A: As we know that Welfare is the physical or material well-being of the people. The different ways or…

Q: Usual Less than 20 hours Between 20 and 40 worked Greater than 40 Not a college graduate Total…

A: Answer to the question is as follows

Q: Is deprivation a relative measure?

A: Deprivation can be both absolute and relative deprivation.

Q: What is a "quintile"? Provide and explain one example of how this concept is used in the discussion…

A: The first quintile represents the usual lowest fifth of the data (1 percent to 20 percent); the…

Q: What is investor's age economic status and example?

A: Investor's age economic status is all about putting one own standards and bringing over a personal…

Q: Question: Using the following matrix, which strategy is the most beneficial to the population?

A: A payoff matrix contains the payoff structure for both the players in the population set - In the…

Q: correlation betwee the price level and Pea may be lOW Because

A: For an economy, its price level is the average of the current prices of the various goods and…

Q: Lotteries result in the distribution of income

A: Income Inequality is defined as the unequal distribution of income in an economy. It is the…

Q: Discuss the concept of coming of age in “House on Mango Street."

A: coming of age in “House on Mango Street." is a story based on a girl named Esperanza. This story…

Q: How do we calculate the value of a statistical life?

A: The value of a statistical life refers to the rate at which individuals trade money in return for…

Q: (Hint: SR vs LR). Explain and graph.

A: When a product has only one vendor, it is called monopoly. Monopolists establish the price to boost…

Q: Making decisions under conditions of uncertainty involves what factor?

A: A decision under uncertainty is when there are numerous questions and no chance of realizing what…

Q: What is meant by the trade-off between equity and efficiency? Is there always such a trade-off ?

A: When there is a tension between maximising economic efficiency and maximising society's equity (or…

Q: Ratio of change in savings due to the change in income is known as _______

A: Income is given as the sum of consumption and savings.  Y = C + S

Q: 100 ACTS OF GLOBAL CITIZENSHIP FOR SDGS

A: SDG stands for sustainable development goals which define in a broader and detailed manner the world…

Q: Define the term households.

A: Economy as a whole consists of two different groups, which are firms and households. The household…

Q: If members of a society have transitive preferences, then that society as a whole must also have…

A: if members of a society have transitive preferences then that society as a whole must also have…