PARETO OPTIMALITY

Define, explain and illustrate the following terms: (i) Pareto optimality (ii) Pareto improvement (iii) No-envy allocation (iv) Fair allocation (v) Initial endowment allocation (vi) Separating hyperplane (vii) Supporting hyperplane (viii) …

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HOUSEHOLD CONSUMPTION

QUESTION QUESTION ONE Australia’s economy is currently described as a “multi-speed” economy. Critically discuss this. [HINT: In your discussion include what has caused this multi-speed economy; any advantages and the …

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TRADE AGREEMENTS IN DAIRY PRODUCTS

QUESTION CURRENT ECONOMIC ISSUES   Apply economic concepts to real world issues. See website http://www.mfat.govt.nz/downloads/trade-agreement/transpacific/main-agreement.pdf to find the text of original Trans-Pacific Strategic Economic Partnership Agreement. You will do research …

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CALCULATION IN MICRO ECONOMICS

QUESTION Instructions Economics Department School of Economics and Finance Additional Tutorial Exercises ‐ Set 3 313658 Microeconomics 300 Semester 2 2012 Dr Julian Inchauspe, Unit UC & Lecturer Due on: Your Assigned Tutorial Session in Week 12  Fill the empty gaps on this page.  Use the answer sheet on page 6 to answer the multiple choice questions.  Handwritten answers are acceptable.  Submit your answers by giving a hard copy of your answers to your Tutor during your assigned Tutorial session.  Plagiarism or cheating will not be tolerated and may lead to a mark of 0 (zero) and further disciplinary actions. First Name:……………..…………………………………………………………………………… Last Name:.………………………………………………………………………………………….. Signature:…………………………………………………………………………………………….. Tutor:……………..……………………………………………………………………………………. …

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