Differences between firms and centrally planned economies

Assignment Help Business Economics
Reference no: EM131172314

List three reasons that firms exist. Do any of the reasons imply that the command and control of centrally planned economies is the appropriate form? What are the similarities and differences between firms and centrally planned economies?

Reference no: EM131172314

Questions Cloud

Labor to produce one unit of manufactures : Country A has 3500 units of labor and can produce two goods, manufactures and food. A’s producers take 7 units of labor to produce one unit of manufactures and 2 units to produce one food unit. Country B has 4500 units of labor and takes 5 units of l..
When is the phrase except for used in an audit report : What is the auditor's responsibility when there is a substantial going concern issue? Which of the following statements is omitted from nonpublic company audit reports? When is the phrase "except for" used in an audit report?
Use annual worth and the capital recovery formula : Savings of $5600 per year can be achieved through either a $14 000 machine (A) with a sevenyear service life and a $2000 salvage value, or a $25 000 machine (B) with a ten-year service life and a $10 000 salvage value. If the MARR is 9 percent, which..
Drivers of globalization in practice : Drivers of Globalization in Practice: Global Business Needs When considering a country to enter with respect to global trade, business leaders must determine if the particular country under consideration has a sufficiently acceptable environment in w..
Differences between firms and centrally planned economies : List three reasons that firms exist. Do any of the reasons imply that the command and control of centrally planned economies is the appropriate form? What are the similarities and differences between firms and centrally planned economies?
Steady state in the solow model implies that : Steady state in the Solow model implies that. The finance gap approach to aid utilizes. One reason that the Harrod-Domar model might fail is that. Growth (in steady state) in output per worker in the Solow model depends on
Make decisions that effect fixed and variable costs : Here is a chance for each of you to apply what we are learning to your real life. If you are a business owner, a manger in a business, a department head and there are lots of you in the class, you have a budget and you make decisions that effect fixe..
Which refrigerator has a lower cost : Sam is buying a refrigerator. He has two choices. A used one, at $475, should last him about three years. A new one, at $1250, would likely last eight years. Both have a scrap value of zero. The interest rate is 8 percent. (a) Which refrigerator has ..
What level of recycling is optimal : Delta Software earned $10 million this year. Suppose the growth rate of Delta's profits and the interest rate are both constant and Delta will be in business forever. Determine the value of Delta Software when: AMS recently instituted an in-house rec..

Reviews

Write a Review

Business Economics Questions & Answers

  Is demand elastic or inelastic at this point

Suppose the demand curve is given by Q = 200 - 20P. Answer the following. (a) What is the price elasticity at P = $4? Is demand elastic or inelastic at this point? (b) What is the price elasticity at P = $7? Is demand elastic or inelastic at this poi..

  Equilibrium price and quantity of roughriders tickets

Assume the Frisco RoughRiders (a AA minor league team affiliated with the Texas Rangers) has a demand for tickets given by P=50-10Q, MC=5, where Q is equal to tickets in 1000s. What is the equilibrium price and quantity of RoughRiders tickets if they..

  Marketing is fundamentally different from goods marketing

Some services marketers strongly maintain that service marketing is fundamentally different from goods marketing and that different skills are involved. Some traditional goods marketers disagree, saying, “good marketing is good marketing.”

  Sensitive to the prices of items sold in supermarket

Market Research, Inc., wants to know if shoppers are sensitive to the prices of items sold in a supermarket. A random sample of 802 shoppers was obtained, and 378 of those supermarket shoppers were able to state the correct price of an item immediate..

  Difference between poverty and income inequality

What is the difference between poverty and income inequality? Why do economists believe that some degree of income inequality is inevitable in a capitalist economy?

  Question 1 in the x11 multiplicative decomposition method y

question 1. in the x11 multiplicative decomposition method y t x c x s x epsilon an ma 3 smoother is applied to the

  High level of output per person agrees to trade

Suppose that a country that has a high level of output per person agrees to trade with a country that has a low level of output per person. Which country can benefit?

  What is the paradox of thrift

What is the paradox of thrift? Is Saving Good or Bad? Is it real? Give an example of the paradox of thrift.

  Explain two elastic and inelastic goods

Explain two elastic and inelastic goods that you have recently purchased/not purchased when the price increased of those products. Please relate your answer to the market characteristics.

  Least trade-restrictive measures

Critically evaluate the provision resulting from the Uruguay Round to require that the least trade-restrictive measures should be used to achieve environmental goals. Include in your answer both the environmental and economic implications. Support or..

  Characterize the output level for each firm

Consider the second stage of competition between Samsung, HTC and Sony. Once Apply has chosen some output level q1, Samsung, HTC and Sony will compete simultaneoulsy over their product quantities. Write down the best response functions for Samsung, H..

  According to the fisher effect

According to the Fisher effect, if the "real" rate of interest in a country is 4 percent and the expected annual inflation is 9 percent, what would the "nominal' interest rate be? A.5 percent B.13 percent C.9 percent D.36 percent E. 2.25 percent

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