The appointment of resource for a specificd purpose is kown as allocation.  Is it True or False??

Q: raph

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Q: Given Y= OK<LB Dernve the meL MPK Derive MRTS Derive elasbicity of substitution %3D

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Q: What’s agric economics

A: Economics deals with the study of how resources are allocated in a manner that most of the human…

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A: X = LX0.25KX0.25  Y = 2LY0.25KY0.25   L=100, K=100

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A: Hi , as you have posted multiple questions , as per our guidelines we can only solve 1 at a time .…

Q: otal number of coconuts is 100, total number of bananas is 50. At some allocat 1 hat Yoosoon's…

A: Tangency between the MRS(Y) = MRS(b)

Q: Consider the following picture: c' D E Which point denotes the endowment point? OA O B OD O E OF

A: Answer -

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A: Answer: Utility: utility refers to the want satisfying power of a commodity. In other words, every…

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A: We have production function y = L1/2 R+L = 12

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Q: It is defined to be the capacity of a commodity to satisfy human wants. Discount Luxury Necessity…

A: It is defined to be the capacity of a commodity to satisfy human wants .

Q: (a) Explain with the help of a graph the effect of an increase in the relative price of a labor-…

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A: Economic is the term used to study the production, consumption, and distribution of commodities.

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Q: Suppose the economy has 100 units of labor (L) and 100 units of capital (K), and it chooses to…

A: X = LX0.25KX0.25  Y = 2LY0.25KY0.25   L=100, K=100

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A: *Answer:

Q: Goods and Services are scarce becauser resources used to produce them are

A: # We know well that we live in a world of scarcity where the resources we have are limited in nature…

Q: ng in a res

A: In economics, a factor market is defined as a market where factors of production are being bought…

Q: hat does it mean when the initial allocation is interim Pareto Efficient

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Q: Angela's reservation indifference curve, IC, After the new law Bruno 12 gets rent EF Can Angela be…

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Q: What is the main idea behind the concept of allocation of resources?

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Q: Angela's reservation indifference curve, IC, After the new law Bruno 12 gets rent EF Can Angela be…

A: * ANSWER :-    From the given information the answer is provided as follows ,

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Q: Which method is used to find out the optimal allocation of natural resources? Explain with the help…

A: OPTIMUM UTILIZATION OF NATURAL RESOURCES : As we already know that there are two types of natural…