How can the system accomodate change

Assignment Help Microeconomics
Reference no: EM13184399

Consumer Sovereignty & Dollar Votes guide the market system in dealing with which fundamental question?

a) What will be produced?

b) How is the output to be produced?

c) How can the system accomodate change?

d) Why is to recieve the output?

Reference no: EM13184399

Questions Cloud

Indicate how the banks balance sheet would be altered : ppose that the reserve requirement is 10 percent and the balance sheet of the People's National Bank looks like the accompanying example. A. What are the required reserves of People's National Bank Does thebank have anyexcess reserves B. What is th..
Which tends to reduce economic uncertainty : The government must hold a referendum before any public good is produced. B) The government has to facilitate the collective decision making in the production of public goods. C) The government must force the firms to produce all the public goods...
State what molecule does a most probable speed : What molecule does a most probable speed of 393 m/s at 25*C? Also calculate the mean speead and root mean square speed.
Find out with benzamide affords a melting point : After obtaining a preliminary melting point range of 124-130 degrees C for an unknown, you identify it as benzamide. Running a mixed melting point determination with benzamide affords a melting point range of 117-125 degrees C
How can the system accomodate change : Consumer Sovereignty & Dollar Votes guide the market system in dealing with which fundamental question a) What will be produced b) How is the output to be produced c) How can the system accomodate change d) Why is to recieve the output
Explain predict stereochemistry of the products formed : Predict stereochemistry of the products formed if the addition of bromine to fumaric acid occurs via Syn addition
What will happen as we move from the short run equilibrium : Carefully explain what will happen as we move from the short run to a long run equilibrium in a monopolistically competitive industry if firms are making a positive profit in the short run. Your explanation should clearly state what will happen t..
State iron can be determined spectrophotometrically : The question is that Iron can be determined spectrophotometrically after reaction with a ligand that results in a highly colored complex. In one determination, iron is reduced with hydroquinone to ensure it is all in Fe2+ oxidation state.
Find out the empirical formula of the carboxylic acid : carboxylic acid is burned in oxygen, producing 1.462 g of CO2 and 0.6019 g of H2O. Determine the empirical formula of the carboxylic acid.

Reviews

Write a Review

Microeconomics Questions & Answers

  Describe the existence of negative externalities

.if individuals are free to produce whatever goods they want, then when excess profit is being made, more people will enter into the production of that good and consumers will benefit as the price is pushed down.

  Derive equation of the consumers demand curve

Derive the equation of the consumer's demand curve for x and with y on the vertical axis and x on the horizontal axis, draw a price-consumptioncurve when the price of x changes.

  Cost analysis-estimation

Assume The Big Enchilada Restaraunt has been offered a 1 year binding lease agreement for $5200/mth on an attractive site. Before the lease is signed, what is the incremental cost per month?

  Find the optimal tax rate

Currently the foreign earnings of U.S. multinational companies are taxed only when the income is returned to the United States. Taxes are deferred if the income is reinvested abroad. The department seeks a tax rate that will maximize total tax reve..

  Compute the consumer''s demand function

Let u(x,y) = x1/3y2/3 and let I = 100, Px = Py = 1. Write the FOC for the consumer's UMP and compute the consumer's demand function. Let U(x,y)=5x+4y and let I denote income and Px,Py the prices of the goods. Compute the demand functions for good..

  Explain the concept of a concentration ratio

Explain the concept of a concentration ratio and is the concentration ratio in a monopolistically competitive industry likely to be higher than for a perfectly competitive industry? Explain your answer

  Why dosent the government get the centarl bank to wait

Alan Greenspan,chairman of the fed ,was the leading proponent of the view that it is too difficult , and potentialy too harmfull,topop a bubble by raising interest rates..if bubble emerged, better to quickly lower interest rates to cushion the blo..

  What government power was the sf city government invoking

In the 1960's, the San Francisco City Government physically moved several houses from the Hayes Valley/Fillmore district to clear way for other development. What government power was the SF City Government invoking, and please discuss the concept..

  Question on demand type

Given a 15% raise in a good's price and a 25% decrease in quantity demanded for good by consumer, which of the following types of elasticity best describes the demand curve for the consumer?

  Find the monopolists profit-maximizing price

Suppose the demand curve for a monopolist is QD = 250. - .25P,and the marginal revenue function is MR = 1000 - 8Q.The monopolist has a constant marginal and average total cost of $45 per unit. Find the monopolist's profit-maximizing price.

  Explain huntington means by the term civilization

Huntington advice that the emerging global economy will rising be faced with violent clashes between civilizations. Describe what Huntington means by the term civilization and explain why such clashes may be expected.

  Explain the short term and long term effects

A major breakthrough that allows for on-site generation of electricity for an investment in the generating capacity but after that essentially a zero variable cost of electricity.

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