State and explain two reasons why the specialization of labour is more efficient than universal self-sufficiency.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
There are two reasons why the specialization of labour is more efficient than self sufficiency F...View the full answer
Answered By
Rishabh Ojha
During my undergraduate i used to participate as TA (Teaching Assistant) in several electronics and computers subject. I'm passionate about learning Computer Science as my bachelors are in Electronics but i learnt most of the Computer Science subjects on my own which Machine Learning also. At Present, i'm a working professional pursuing my career as a Machine Learning Engineer and i want to help others learn during my free hours, that's all the motivation behind giving tuition. To be frank i have no prior experience of tutoring but i have solved problems on opensource platforms like StackOverflow and github. ~Thanks
4.90+
3+ Reviews
10+ Question Solved
Related Book For
Microeconomics
ISBN: 978-0321866349
14th canadian Edition
Authors: Christopher T.S. Ragan, Richard G Lipsey
Question Posted:
Students also viewed these Economics questions
-
1. The first step in the decision making/problem solving process is to identify the problem. The second step involves consideration of all the alternatives to the problem. In this step, we weigh the...
-
Explain two reasons why the actual overhead cost incurred might not always equal the overhead applied to production.
-
Consider the market for doctors' services. In what way has this market taken advantage of the specialization of labour?
-
A firm has total debt of $6,000,000 and stockholder's equity is $4,000,000. The firm wants to calculate equity-to- total asset ratio in order to make decision about further raise of capital. What is...
-
Confucius Bookstores inventory is destroyed by a fire on September 5, 2015. The following data for year 2015 are available from the accounting records. Estimate the cost of the inventory destroyed....
-
Banker's acceptance supports lending for what type of activities? Explain how collateral works in a banker's acceptance arrangement.
-
Armoring Military Planes During the Second World War, the U.S. military collected data on bullet holes found in B-24 bombers that returned from flight missions. The data showed that most bullet holes...
-
The Delta Group is a management consulting firm specializing in the health care industry. A team is being formed to study possible new markets, and a linear programming model has been developed for...
-
If you were asked whether a large university such as Tennessee or Michigan with a large seating capacity for their football stadiums should build a new football stadium, how would you respond and...
-
The pre-adjustment trial balance of Fling Incorporated for the financial year ended 31 December 2021 presents the following balances: Description Motor vehicles Accumulated depreciation on motor...
-
For each of the following situations, explain how a change in the stated "price" is likely to affect your incentives regarding the stated decision. a. The price of ski-lift tickets; your decision to...
-
List the four main types of economic systems and their main attributes.
-
An investment has an outlay of 100 and after-tax cash flows of 40 annually for four years. A project enhancement increases the outlay by 15 and the annual after-tax cash flows by 5. As a result, the...
-
A bond matures on Dec 25th, 2030. If this bond has a face value of $3000 and a coupon rate of 6.7% and is sold while the prevailing rate of the market is at 8.8%, what will it sell for on June 25th,...
-
In most public firms, although the executive management is in charge of running the business profitably, they are also the agents of the stockholders and they techinally work for the stockholders....
-
A buyer and seller decide to proceed with the property transaction, keeping the lender out of the loop. Which method are they utilizing? Group of answer choices Assumptions with lender's knowledge...
-
Compute the employer's payroll tax expense based on the following totals found on a completed payroll register dated November 15. bullet Gross pay = $ 41 comma 000.00 bullet Taxable earnings for...
-
You purchased GE stock 2 years ago at $74.22 per share just sold them for $83.50 per share. During that time you collected 7 dividends of $2. How much capital gains tax do you owe on this trade per...
-
Lin Ltd. reported the following: Required: 1. What is the amount of the taxable income or loss in each year? 2. How much is the tax refund to be claimed in 20X8? 3. How much is tax expense (recovery)...
-
Tanaka Company's cost and production data for two recent months included the following: March April Production (units).........300................600 Rent.....................$1,800............$1,800...
-
Identify an area of Financial Services where you feel significant opportunities lie in relation to process management. Why do you feel this?
-
1. Given the functions f(x) = x + 1 and g(x) = 3-x, determine an equation for the combined function y = f(x)+ g(x). 2. If f= {(-7, 1), (-5, 8), (3, 11), (5,-1)) and g = {(-6, 4), (-5, 3), (-1, 7),...
-
What is urban economics and what components of a city usually results in higher demand of a city's real estate. Describe at least three
Study smarter with the SolutionInn App