Answer to Question #274732 in Microeconomics for Ntu

Question #274732

A normative statement is a statement regarding

Expert's answer

A normative statement expresses a value judgment about the desirability of a situation.

Learn more about our help with Assignments: Microeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. An increase in demand for notebook raises the quantity of notebooks demandes but not the quantity su
2. Suppose marginal utility of good X is 20 while its price is Rs. 4 per unit and marginal utility ofY
3. Suppose marginal utility of good X is 20 while its price is Rs. 4 per unit and marginal utility of Y
4. Suppose that a competitive firm’s marginal cost of producing output q is givenby MC(q) = 3 + 2q.As
5. Explain the price effect, income effect and substitution effect of a price change for a normal commo
6. Suppose the manager of a watchmaking firm is operating in a perfectly competitive market. His/her co
7. how does a tax on a good affect the price paid by the buyer, the price received by the seller, and t