Why does inefficiency mean

Assignment Help Microeconomics
Reference no: EM13764383

why does inefficiency mean either incurring a higher expens to produce the same number of items or producing fewer items at the same level of expenses

Reference no: EM13764383

Questions Cloud

Problems based on families health issue : Discuss how Early Childhood Professionals can partner with families to facilitate family involvement.
What are the five methods of state judicial selection : What are the five methods of state judicial selection? Describe problems associated with partisan and non-partisan elections of judges, and politically appointed judges
Geared toward the healthier and younger population : Are CDHPs more geared toward the healthier and younger population and are they effective for patients with - chronic illnesses and Will they discourage the use of preventative care and cause increased healthcare costs in the future?
Fundamental of e-business and e-commerce : Specify the key ethical issues related to e-Business and e-Commerce. Next, propose at least two (2) ethical and legal considerations that the management must consider in order to establish organizational policy regarding e-Business and e-Commerce ..
Why does inefficiency mean : why does inefficiency mean either incurring a higher expens to produce the same number of items or producing fewer items at the same level of expenses.
Identify the wellness dimension you want to improve : Identify the wellness dimension you want to improve. Explain why you chose this dimension. In your response, describe your previous assessments and examine at least three lifestyle factors.
Mobile computing and wireless computing : Decide whether or not mobile computing and wireless computing are synonymous. Provide at least two (2) reasons to support your assertion and justify your response.
Introduction to crimes kiosk : Introduction to Crimes Kiosk, Write a 700- to 1,050-word paper comparing the occurrence of the offense in the selected areas. Identify the number of occurrences reported to the police for each area
Firms marketing and pricing policies : Compute the elasticities for each variable. On this basis, discuss the relative impact that each variable has on the demand. What implications do these results have for the firm's marketing and pricing policies?

Reviews

Write a Review

Microeconomics Questions & Answers

  Starting sole proprietorship or partnership type of business

"Starting a sole proprietorship or partnership type of business is better because the profits from the business will be enjoyed by only a single owner or a few partners." Do you agree or disagree with this statement? Why?

  What would the actuarially fair insurance premium be

a. What is your expected income next year b. Suppose that you could insure yourself against the risk of reduced consumption next year. What would the actuarially fair insurance premium be

  If diane and gary have same opportunity cost of 5 per hour

1. gary and diane must prepare a presentation. as part of their presentation they must do a series of calculations and

  Select the most recent statement what action did the fed

select the most recent statement what action did the fed take with respect to the target fed funds rate?a.what can you

  Determine the reliability of the tires

Explain which bridges you would choose to attempt to use. (Assume you can put one foot on a bridge to see if it collapses before you attempt to cross.)

  Differ from a monopoly from the consumer point of view

If all of the farmers who produce oranges get together and make a deal with the government to establish best price and output levels for the orange industry such that profits are maximized for the entire industry, what would the profits look like on ..

  Computing an allocation for a planned socialist

Computing an allocation for a planned socialist economy is prone to great computational difficulties.

  Us interest rates rise compared to rest of world draw what

u.s. interest rates rise compared to the rest of the world. draw what happens in the exchange rate market. what happens

  Calculate the herfindahl-hirschman index for the industry

Calculate the six firm concentration ratio and Herfindahl-Hirschman index for this industry. What does each of these measures have to say about the degree of concentration in the industry

  How low must a quota be in effect to have an impact

USING A DEMAND AND SUPPLY DIAGRAM, ILLUSTRATE AND EXPLAIN THE NET WELFARE LOSS FROM IMPOSING SUCH A QUOTA. UNDER WHAT CIRCUMSTANCES WOULD THE NET WELFARE LOSS FROM AN IMPORT QUOTA EXCEED THE NET WELFARE LOSS FROM AN EQUIVALENT TARIFF

  What challenges does china face in industrialization program

What challenges does china face in its industrialization program? Describe how china is trying to cope with these challenges

  Charm city mining company owns two mines each of which

charm city mining company owns two mines each of which produces three grades of ore- high medium and low. the company

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