Q) Give an example of an interpersonal utility comparison
Would be greatly appreciated if answered in 5sentences and by your own
Interpersonal utility comaprison is the difference in consumer behaviour and perception towards utilities of products. For example, a person looking to buy an IphoneX considers it worthy of 1000dollars which can boost his inage and reputation . At the same time another person considers 1000dollars not as value for money and rather opts to buy two HP Laptops worth 500 dollars each.
So for the same cost two people shall have different utilities and different perception and preferences during product purchase.
Q) Give an example of an interpersonal utility comparison Would be greatly appreciated if answered in...
q) Give an example to illustrate the endowment effect will be appreciated if answered in 5sentences by your own
Q) Would you give us another notorious example like Monopoly case in the past or present (such as Standard Oil, Morgan House, OPEC with high energy price, lately case of INTEL)? Your Monopoly example should be based on high concentration of market share and high abnormal profits. Would be greatly appreciated if Answered in 5sentences by out own.
Prove that for a perfectly competitive firm, P = MR Would be greatly appreciated if answered in 5sentences please.
Q) If total utility declines, can a marginal utility be positive? Explain your answer. Would be greatly be appreciated if answered in 5 sentences and by your own,
Q) Do you think Monopoly business practice is so bad for the general public's welfare? why? or why not? Explain based on cost and benefit analysis of social welfare. Would be greatly appreciated if the answered in 5sentences by your own, not copy and pasted
Java: What is method overloading? An example would be greatly appreciated.
Q) Is the current Anti-trust law outdated ? why? For example, Sherman Act of 1890 has only 769 words, if so, what reform is necessary for the current anti-trust law? Would be greatly appreciated if answered is in 5 sentences and by your own
Q) Is Accounting profit smaller than Economic profit? If yes, why? If not, why not ? Define Accounting profit and economic profit. Wish the answered in 5sentences by your own (I would be really appreciated)
Is it possible for the average total cost curve to decline if the marginal cost curve is rising? Explain your answer. Would be greatly appreciated if it answered in 5sentences by yout own not copy and paste
Q) A Tax is placed fully on the sellers of a good. If the demand for the good is perfectly inelastic, who ends up paying the tax? Explain and diagrammatically represent your answer Will be greatly appreciated if the answer is in 5sentences and by your own.