Best combinations of resources to use

Assignment Help Business Economics
Reference no: EM131759555

Some large hardware stores, such as Home Depot, boast of carrying as many as 20,000 different products in each store.

1.) What motivated the producers of those individual products to make them and offer them for sale?

2.) How did the producers decide on the best combinations of resources to use?

3.) Who made those resources available, and why?

4.) Who decides whether these particular hardware products should continue to be produced and offered for sale?

Reference no: EM131759555

Questions Cloud

Discuss the fundamental actions that the leadership : Discuss the fundamental actions that the leadership of the selected country is â" or is not â" taking to improve the living standards of its people.
Determine and inform strategic management decisions : Apply appropriate framework to analyze the impact and influence of the macro environment on Marks and Spencer and its strategies
Origin of both consumer surplus and producer surplus : What is the origin of both consumer surplus and producer surplus? How do properly functioning markets maximize consumer and producer surplus.
Net income included a loss from discontinued operations : On January 1, 2018, Culver Corp. had 502,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock.
Best combinations of resources to use : Some large hardware stores, such as Home Depot, boast of carrying as many as 20,000 different products in each store.
Which topics would you like to learn more : Which would you like to learn more about? Can we, as world citizens, solve some of the challenges that impact our society so strongly in these times?
What is the associated deadweight loss : How much profit can the monopolist generate with first-degree price discrimination if resale can be prevented? What is the associated deadweight loss.
Prepare a lease amortization table for given time period : On January 1, 2018, Dalton Corporation signed a five-year noncancelable lease for equipment. The terms of the lease called for Dalton to make annual payments.
Key aspects of an entrepreneurial mindset : Entrepreneurship and Small Business Management - Determine and assess the key aspects of an entrepreneurial mindset - different environments that foster

Reviews

Write a Review

Business Economics Questions & Answers

  Volatile investment relative to consumer spending

The accelerator principle states a higher growth rate of real GDP results in higher planned spending. Will this lead to more volatile investment relative to consumer spending?

  Short-run trade-off between inflation and unemployment

Evaluate why policymakers face a short-run trade-off between inflation and unemployment.

  Person received counter conditioning to correct condition

Elucidate how did it manifest itself.  If the person received counter conditioning to correct the condition, Illustrate what were the results

  Find the general equilibrium allocation for tax equal

Consider the Robinson Crusoe Economy in the Post-Walras Arrival Age. Robinson’s utility function over yams (y) and leisure (l) is U ( y , l )= √2 y +l . Robinson’s endowment of time is L. The production function for yams is y = h where h is the amoun..

  Maintain family tradition

A local union had a long standing practice of accepting only new members who were sponsored by existing members of the union. All of the existing members were white. The Union strongly denied any intent to discriminate and stated that most of the 30 ..

  Biased measure of the inflation rate

Why is there unemployment even when the economy is at "full employment"? What are some "costs of unemployment"? Is the CPI a biased measure of the inflation rate? Explain your answer.

  Evaluate short-run-long-run consequences of bush tax cuts

The CBO in 2003 and 2013 used dynamic scoring models to evaluate short-run and long-run consequences of Bush tax cuts and stimulus spending of the recent recession. Explain the findings or conclusions the CBO arrived at?

  Interest rate compounded annually

If you borrowed $24,000 today and you have to pay them back in five equal payments over 10 years (one payment every 2 years). With 8% interest rate compounded annually, what is the amount of each payment? (C=?)

  How much would have to be deposited in a bank paying

How much would have to be deposited in a bank paying 5% interest in order to be able to withdraw $1,000 the first year and payments increasing by $200.

  Pursue to reduce our projected federal deficits and debt

Which of the following options (alone or in combination) would you recommend that the Congress and the President pursue to reduce our projected Federal deficits and debt and why. Dramatically cut military spending. Raise taxes significantly on the we..

  Intels profit increases

Intel’s profit increases. the price of a share of its stock doesn’t change and the dividend doesn’t change. as a result, Intel’s PE ratio__________ and Intel’s dividend yield_________.

  Small consulting firm is only interested

A small consulting firm is only interested in hiring College graduates (denoted by S), but it does not know how many it should hire in order to be profit maximizing. Assume there is a competitive wage of $20 per hour and the production function is F(..

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