Market vs. command system- economic and political

Assignment Help Business Economics
Reference no: EM131004474

Market vs. Command System- Economic and Political, which one is better and why? Answer should be at least five paragraphs long with examples, as well as 2 sources. APA style.

Reference no: EM131004474

Questions Cloud

True about employee empowerment : Objectives regarding _____ are generally stated in terms of percentage of sales increase and market share. Which of the following statements is true about employee empowerment? As managers move up to higher levels of the organization, _____ skills ha..
What will be the economic order quantity : A. If Mercedes Benz realizes that its annual demand for 500SEL model is 50,000 and their cost of order preparations is $42,000.00 and the inventory carrying cost per car per year is $3,600.00. What will be the Economic Order Quantity? b. During reple..
Types of potential customers : DrexelBoard wants to start a hoverboard sharing service in Philadelphia (much like Zipcar, only with hoverboards instead of cars). There are two types of potential customers: Comparing these profits to those DrexelBoard earned from only serving the y..
Drexoogle has determined that the market demand : Based on market research, Drexoogle has determined that the market demand for this product is Q = 2000 – p, where Q is in thousands of earpods and p is in dollars. Drexoogle’s cost function is 1000Q (there are no fixed costs). First, suppose that Dre..
Market vs. command system- economic and political : Market vs. Command System- Economic and Political, which one is better and why? Answer should be at least five paragraphs long with examples, as well as 2 sources. APA style.
Interest-bearing account : A couple just welcomed the birth of their new child and decides to set up a an interest-bearing account for the child’s college tuition. They hope to save $100,000 by the time the child enters college. Given that they plan to increase their contribut..
What general costs must be covered in either circumstance : Some restaurants are open only for breakfast and lunch but are closed for dinner. What economic factor's determine if it is better to close the restaurant for dinner or leave it open for all three meals times. What general costs (Fixed and/ or variab..
Minimum cost of producing : Suppose that the following is true: "When w = v = $10 , the cost-minimizing bundle for q = 100 units of output is k = l = 20. When w = $8 and v = $10 , the cost minimizing bundle for q = 110 units of output is l = 28 and k = 19." When w = v = $20 , t..
Region might lead to an increase in the regions welfare : A number of Latin American nations export coffee and import other goods. A long-term drought now reduces coffee production in the countries of this region. Assume that they remain exporters of coffee. Explain why the long-term drought in the region m..

Reviews

Write a Review

Business Economics Questions & Answers

  What is the elasticity of substitution for this production

Suppose there is a fixed amount of capital K¯ = 10. Find the short run cost function CFK(q) when the wage is 6 and the rental rate of capital is 3 for a firm whose production function is F(K, L) = K^(3/5)L^(2/5). What is the elasticity of substitutio..

  Bank pays interest compounded annually

Mike deposited $500 in the bank at the end of each year for five years. The bank pays 5% interest, compounded annually. How much would mike have in his account following the 5th deposit?

  Several causes of economic inefficiency in medical care

Economists claim that there are several causes of economic inefficiency in medical care. List three basic causes and, for each, describe why it results in economic inefficiency and poor performance in medical markets.

  American recovery and re-investment act

Consider the Stimulus Package or the American Recovery and Re-investment Act (ARRA) of 2009. It increased government expenditures by roughly $750 billion. Why are we not seeing the increased GDP as yet?

  Qas manager of city racquet club you must determine the

q.as manager of city racquet club you must determine the best price to charge for locker rentals. suppose the marginal

  Select a usa from the index also bring in additional source

Select a USA from the Index also bring in additional source material to Explicate its ranking also Explain how it has changed over the last 5-10 years.

  State the definition of spillover benefits

State the definition of spillover benefits, give 2 examples. Define and explain spillover benefit. Give two example of a spillover benefit situation and explain

  Using the power operations on a typical calculator

Using the power operations on a typical calculator, find the period interest rate to three digits after the decimal point in percentage format that results in the F/P factor being 2.85 after 16 periods.

  Example of using inferential statistics to learn

Suppose you are interested in the population of students Northwestern University. a. Give an example of using descriptive statistics to learn about this population. b. Give an example of using inferential statistics to learn about this population

  Extraordinary measures

In response to the recession of 2008, the US Federal Reserve Bank made several efforts to increase banks excess reserves, decrease interest rates for lending, and increase lending. These "extraordinary measures" have been somewhat controversial (at l..

  Considering getting involved in electronic commerce

A company is considering getting involved in electronic commerce. A modest e-commerce package is available for $29,000. If the company wants to recover cost in 2 years, what is the equivalent amount of new income that must be received every 6 months ..

  How does agency law resolve the conflict

An attorney acquires confidential information about a certain client. However, he discovers that this information is important for the affairs of a second client. In this situation, two duties are in conflict. What are these two conflicting duties? H..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd