Does everything have a price

Assignment Help Business Management
Reference no: EM131309358

Define the Say's law and give your interpretation.

Does everything have a price? Are there some things you would not do regardless of the price? (Remember: prices and money are not synonyms; prices may be non-monetary.) Economist see price as an "opportunity cost" every choice has an opportunity cost therefore a price.

Reference no: EM131309358

Questions Cloud

Different technicians at different labs : Projected increase or decrease in supply or an increase in quantity supplied a decrease in quantities wide for each of the following events and supply for x-rays at a radiology lab. Also protect the change in equilibrium price and equilibrium quan..
Difficulty grasping this amount of money : Which of the following concrete descriptions helps you grasp the magnitude of $700 billion? Under what circumstances might you use one description over another? Discuss your ideas in small groups.
Lead to the most recent financial crisis : Explain the events that lead to the most recent financial crisis. In your opinion, who is to blame?
What should the first player offer the second : According to traditional economic theory (which assumes that individuals are selfinterested utility maximizers), what should the first player offer the second?
Does everything have a price : Does everything have a price? Are there some things you would not do regardless of the price? (Remember: prices and money are not synonyms; prices may be non-monetary.) Economist see price as an "opportunity cost" every choice has an opportunity c..
How the misinformation effect influences memories : How the Misinformation Effect Influences Memories.What were the contributing factors?In what ways has the explosion of technology and media/social media contributed to how the misinformation effect has become more prevalent in today's world?
Evaluate the role of purchasing power parity theorem : Inflation in Brazil is expected to be 24% p.a. by the third quarter of this year. ABC plc imports from Brazil paying in Brazilian real. Explain and evaluate the role of Purchasing Power Parity theorem in ABC's decision as to whether or not to look ..
Eliminate wordy phrases by substituting a single word : Revise the following sentences to eliminate wordy phrases by substituting a single word wherever possible. You may find other opportunities to tighten for conciseness.
Perfectly competitive market produces and sells hats : A competitive firm in a perfectly competitive market produces and sells hats. Last year, it produced and sold 1,000 hats at the equilibrium price of $10. It incurred average variable costs of $6 and earned total economic profits of $1,000. What..

Reviews

Write a Review

Business Management Questions & Answers

  Internal environment of the service industry

Organisational; management: Analyse the internal environment of the service industry and the impact on management of people with specific reference to westminster conference centre

  Explain about motivating employees

Define motivation and explain the difference between intrinsic and extrinsic rewards and find and describe content theories of motivation based on employee needs

  Which kind of dwellings will he choose to build

If the construction manager were an optimist, illustrate what criterion would he choose? Illustrate what would be the choice of dwelling for which criterion? Show your supporting calculations.

  Different ethical dilemma an apple over a pc

If the company is a small enterprise and you own stock or a percentage of the company, which is a much different ethical dilemma than if you recommend an Apple over a PC and also own shares of Apple. Can anyone elucidate the difference?

  Political overview and possible risks

Political overview and possible risks

  Prominent healthcare organization

Your boss, the Director of Human Resources at a prominent healthcare organization, has asked you to prepare a brief PowerPoint presentation as part of her presentation to new employees during orientation.

  Examine the theories under which carmen mother can recover

She is going on vacation, so she takes the set to her mother's house for her mother to use. Because the set is defective, it explodes, causing considerable damage to her mother's house. Carmen's mother sues AKI for the damage to her house. Examine..

  Why you perceived the communication to be effective

Discuss at least three reasons why you perceived the communication to be effective, and explain the resulting impact to the business.

  Question related to strategic management

What are the parameters of system design that impact system performance and in what way is that impact manifested?

  What should michelle negotiation strategy be

What should Michelle's negotiation strategy be (e.g., how much information should she share concerning where she is in the buying process, that there is a vehicle trade-in, that she is looking at other dealerships as well, that she knows the MSRP,..

  Successful interpersonal communicator

For becoming a successful interpersonal communicator, a manager must be able to grasp all of the following except

  Design a survey to measure the service quality

Identify 4 or 5 that you think would be helpful to designing a survey to measure the service quality received at a restaurant.

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