Defenders of communist economic systems

Assignment Help Microeconomics
Reference no: EM1375754

Defenders of Communist economic systems may point out that customers pay lower values for certain goods because government imposes a limit on what manufacturer may charge. Cite at least two other ways that consumers may be "paying" for these goods.

Reference no: EM1375754

Questions Cloud

Compute the quality productivity ratio : Airphone, Corporation Produces cellular telephones at a processing cost of $47 each unit. The firm manufactures an average of 250 phones per week and has a yield of 87 percent good-quality phones
Question about law of demand : The law of demand says that the price and quantity demanded are inversely related. Thus, is demand curve positively or negative sloped?
Price discrimination to maximize profits : How does knowledge of value elasticity between different groups of consumers or for several products enable managers to price discriminate, change different prices for these groups?
Analysis of handgun laws : Few states in the U.S. permit citizens to openly carry handguns. People can save themselves in the case of robberies or harm by using these guns.
Defenders of communist economic systems : Defenders of Communist economic systems may point out that customers pay lower values for certain goods because government imposes a limit on what manufacturer may charge.
Compute the approximate annual rate of return on investment : Compute the approximate yearly rate of return on investment of the following cash discount terms, Compute the amount of interest income received by Husemann Corporation.
Price leadership model versus contestable markets model : An industry with twenty companies but the CR = 80 percent is called "high concentration", for a concentration ratio of 80 to 100% is viewed as high concentration.
Objective questions- managerial economics : When a employee declares that he consider to quit, say next month, the threat of being fired has no bite. The employee  may find it in his interest to shirk.
Important multiple choice questions : Specific business practices such as price discrimination are prohibited through the,

Reviews

Write a Review

Microeconomics Questions & Answers

  Computing profit maximizing price and output level

Derive the profit maximizing price and the profits at this price. What is the demand elasticity at this price? What is the total demand when the monopolist charges a price P?

  Marginal and average cost curves

n a competitive market place (pure competition) is it possible to continually sell your product at a price above the average cost of production.

  Law of demand supply-government intervention

Provide two examples of actions taken by a company, government, or organization whose effect is to prevent specific markets from reaching equilibrium. What evidence of excess supply or excess demand can you cite in these examples?

  Discussion on fiscal and monetary policy

The 5-recent or historical government actions dealing with the macroeconomic policy. For each scenario estimate if it represents fiscal policy or monetary policy, and describe your reasoning.

  Determining present value of electrical power costs

Electrical power costs at a mine are estimated to be $850,000 in each of the next 12 years. Find out the present value of this expenditure at an interest rate of 11%.

  Production decisions in short run

You've been hired by an unprofitable firm to determine whether it should shut down its unprofitable operation. Help the management of the firm as to whether or not it should continue to operate at a loss?

  Transfer pricing-optimal output equation

A firm sells specialized electronic computers. Each of the computers has a unique chip produced at a California plant at cost of Cw(Qc)=Q^2 c

  Effect of length of new patents extension

Do you think the overall level of R&D would increase or reduce over the next 20 to 30 years if lengths of new patents were extended from 20 years to, say "forever"?

  Economic and socially efficient market outcomes

35 percent Turkey growers operate in a competitive, stable cost industry. This industry has reached a long run equilibrium at a price of $1 per pound of turkey

  How foreign direct investment influences the wages

How foreign direct investment influences the wages

  Rise in the price of widgets

How does an increase in the price of widgets affect the: And describe the effects in detail?

  Marginal revenue curve-profit maximizing price

A new competitor enters the industry and competes with a second firm, which had been a monopolist. The second firm finds that although demand is not perfectly elastic, it is now relatively more elastic.

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