Define the guiding or allocating junction of price.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
The guiding function takes effect in the long run Resources are ...View the full answer
Answered By
ISAIAH OMULLO
I am a hardworking, honest, top-notch, and talented tutor. I have 5 years of experience in Software, Economics and Web development. I have been working online for five years working interactively and closely with students to help them achieve respectable grades in their studies. I am excellent and skillful in machine learning and neural networks. Tutoring is like butter and toast to me. I have been tutoring students online and because of my proficiency at computer science field and all other domain relating to it, I have gained a positive reputation in all platforms have worked at. I always deliver high-quality content and following the client's instructions and delivering free-plagiarized work before the deadline is a guarantee
0.00
0 Reviews
10+ Question Solved
Related Book For
Managerial Economics
ISBN: 978-0133020267
7th edition
Authors: Paul Keat, Philip K Young, Steve Erfle
Question Posted:
Students also viewed these Economics questions
-
Buchan's Junction Manufacturing Corporation uses a joint production process that produces three products at the split-off point. Joint production costs during March were $720,000. The company uses...
-
Define shadow price (or dual value).
-
Define price elasticity of demand and explain what ranges of value it may take.
-
The compound bow in the previous problem requires 152 J of work to draw the string back to x = 0.540 m, at which point the archer need only exert 250 N of force to hold the string in place. (a)...
-
What should be the major emphasis in auditing the retained earnings account? Explain your answer.
-
A 3 m diameter flexible loaded area is subjected to a uniform pressure of 60 kN/m 2 . a. Plot the variation of the vertical stress increase beneath the center with depth z = 0 to 6 m. b. In the same...
-
Of all 1,672,395 members of the high school class of 2014 who took the SAT (Scholastic Aptitude Test), 793,986 were minority students. Give the relevant proportion using correct notation.
-
Comparison of projects, no income taxes. (CMA, adapted) New Rio Corporation is a rapidly growing biotech company that has a required rate of return of 12%. It plans to build a new facility in Santa...
-
What you believe is your greatest strength for Marketing Research.? Provide an example of a marketing campaign or strategy where research would have helped, i.e. an example of a FAIL!
-
On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,000 in assets in exchange for its common stock to launch the business. On December 31, the companys...
-
Define the rationing function of price. Why is it necessary for price to serve this tune lion in the market economy?
-
Discuss the differences between the short run and the long run from the perspective l producers and from the perspective of consumers.
-
Is it possible for a firm to grow too fast? If so, what are the potential downsides?
-
Exercise 9 Show that the boundary conditions, (14), require that Ak = k1 = Ck = 0, m/a, m =1, 2, 3, k2 = n/b, n = 1, 2, 3, (27) Explain why negative integer or zero values for m and n are not...
-
Hearing sensitivity is a strong function of frequency and reaches a maximum around 3800 Hz. Use the equal-loudness curves in Rossing (Fig. 6.4, page 107) to answer the following questions about 3...
-
Many birds can attain very high speeds when diving. Using radar, scientists measured the altitude of a barn swallow in a vertical dive; it dropped 1 8 8 m in 3 . 0 s . The mass of the swallow was...
-
A hammer of mass 100kg falls 4 meters on to a pile of mass 300kg and drives it 80 mm into the ground. Using the principle of the conservation of momentum and D'Alembert's principle: a) calculate the...
-
A musician hits a drum with a drumstick. In three to four sentences, explain the collision forces between the drum and drumstick. What direction is the force from the drumstick exerted?, Is the force...
-
What is meant by the term nesting of procedures?
-
What does non-recourse financing mean?
-
Suppose that a CEOs goal is to increase profitability and output from her company by bolstering its sales force and that it is known that profits as a function of output are = 25q q2 (in millions...
-
Suppose that the owner of Boyer Construction is feeling the pinch of increased premiums associated with workers compensation and has decided to cut the wages of its two employees (Albert and Sid)...
-
A recent study by Web Mystery Shoppers International indicates that holiday gift cards are becoming increasingly popular at online retailers. Two years ago, online shoppers had to really hunt at most...
-
MUN Faculty of Business Administration | Managing Social Enterprises: Marketing Ultimate project goal Write a letter that appeals to me (or your audience), and convinces them to take a key action, or...
-
A franchisee has yearly gross sales of $200,000, net profit of $30,000, gross profit of $15,000, and brand royalties of 5 percent. What amount is the franchisee likely to pay the franchisor per annum?
-
Some remedies and preventive measures have been put forth to slow or forestall currency crises, such as capital controls and intermediate regimes (i.e., fixed or floating exchange rates). Discuss...
Study smarter with the SolutionInn App