How will the goods and services be produced
How will the goods and services be produced?
Expert
1. The market system encourages and rewards those producers who are achieving productive efficiency, i.e., least-cost production.
2. Least-cost production techniques include: locating firms in the optimum location considering resource prices, resource productivity, and transportation costs, available technology, and resource prices in general.
3. Most efficient technique will be the one that produces a given amount of output with the smallest input of scarce resources when both inputs and outputs are measured in dollars and cents.
An individual seller within perfect competition will not sell at a price lower than the market price since: w) demand for the product will exceed supply. x) the seller would begin a price war. y) the seller can sell any quantity she desires at the prevailing mar
Write down the importance of Price Earnings Ratio?
An increase within demand for "green-certified" products will ________ a firm's economic profit, and the raise within costs to have a product certified like "green" will ________ a firm's economic profit: w) increase; increase x) increase; decrease y)
Write down the external factors which influencing the capital structure?
Elucidate the Local expenditures and receipts for all local governmental units in 1996?
Relative to other systems, economies in that people exchange goods or resources directly along with other people for other goods or resources without using money like a usual denominator rely relatively heavily upon: (i) barter. (ii) specialization. (
The opportunity costs of production and consumption for most resources and goods tend to be decreased by: (w) private monopoly power. (x) price floors. (y) intense competition. (z) price ceilings. Hey friends pleas
Compare the costing and pricing process of heterodox pricing process to the procedures utilized in neoclassical microeconomics to set prices. In what ways are heterodox prices altered from neoclassical prices?
What is the opportunity cost of attending college? In 2000, nearly 80% of college-educated Americans held jobs, whereas only about 40% of those who did not finish high school held jobs. How might this difference relate to opportunity costs?
Elucidate the various trade which enacted by governments?
18,76,764
1946268 Asked
3,689
Active Tutors
1447770
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!