State the conditions that must be met for resources to be allocated efficiently.

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

See More Books

Question Posted: Dec 15, 2015 07:16 AM

See More Questions

List the conditions that must be met in order to claim a dependency exemption for qualifying children and qualifying relatives. Briefly explain each one.
List the conditions that must be met in order to claim a dependency exemption for qualifying children and qualifying relatives. Briefly explain each one.
FASB ASC 852 provides two conditions that must be met for an emerging firm to use fresh-start reporting. What are these two conditions?
Explain why an economic tradeoff exists between the number of trays and the reflux ratio.
The optimal scheduling of preventative maintenance tests of some (but not all) of n independently operating components was developed in Reliability Engineering and System Safety (Jan. 2006). The time...
Suggest how Nike can successfully deal with the protests against it.
For each of the following situations, calculate the degrees of freedom $(d f)$, identify the critical values (assume $\mathrm{a}=.05$ [two-tailed]), calculate the $t$-statistic $(t)$, make a...
Exhibit 4.21 presents selected operating data for three retailers for a recent year. Macys operates several department store chains selling consumer products such as brand-name clothing, china,...
An electricity company pays today a dividend $ 1 . 6 4 per share and the share price is $ 2 7 . If the expected yield is 1 0 % what will be the dividend growth rate?
Harriet's Hats is a retailer who buys hats from a manufacturer and then sells them in its stores. The following information includes the company's December 31, 20Y8 Balance Sheet and the details of...
Describe what happens to output, price, and economic profit in the short run and in the long run in a competitive market following: 1. An increase in demand. 2. A decrease in demand. 3. The adoption...
Describe the choices that consumers make and explain why consumers are efficient on the market demand curve.
Prove generally that when the profit is a maximum, the marginal revenue dR / dx equals the marginal cost.
Which of the following is true? Culture promotes code of conduct Culture facilitates recognition Culture provides self-satisfaction All of the above
Discuss the factors that determine the psychological effects of cannabis.
Define investigative psychology.
Which characteristic of organizational culture dictates the degree to which employees are expected to be accurate in their work? Innovation Emphasis on people Emphasis on outcome Attention to...
Which area of the Johari window contains information unknown to self and known to others? Open area Hidden self Blind area Unknown area
Sketch the graphs of the rational function. y || x 4 3
At Glass Company, materials are added at the beginning of the process and conversion costs are added uniformly. Work in process, beginning: Number of units Transferred - in costs Direct materials...
Calculate the unemployment rate and the labor force participation rate, and compare these rates with those in the United States in 2016. Use the following information gathered by a BLS labor market...
In 2015, Annie, an 80-year-old, is telling her granddaughter Mary about the good old days. Annie says that in 1935, you could buy a nice house for $15,000 and a jacket for $5. Mary says that in 2015...
In 2015, Annie, an 80-year-old, is telling her granddaughter Mary about the good old days. Annie says that in 1935, you could buy a nice house for $15,000 and a jacket for $5. Mary says that in 2015...
2. Nike Inc. currently has an AA- rated (Standard & Poor's) corporate bond outstanding, with a coupon rate of 3.875%, paid semi-annually, due to mature at 11/01/2045 (assume 21 full years), and...
Junker's Stash started the Year 2 accounting period with the balances given in the following horizontal financial statements model. During Year 2, Junker's Stash experienced the following business...
1. Providence College currently has a non-callable A rated (Standard & Poor's) bond outstanding, with a coupon rate of 3.194%, paid semi-annually, due to mature at 11/01/2050 (assume 26 full years)...

State the conditions that must be met for resources to be allocated efficiently.

Question:

Step by Step Answer:

Resource use is efficient when the economy produces the goods and services that people v...View the full answer

Microeconomics

Students also viewed these Economics questions