Decide on the best combinations of resources to use

Assignment Help Business Economics
Reference no: EM131759569

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: EM131759569

Questions Cloud

Evaluate international widgets code of ethics : Is John in a fiduciary relationship with International Widgets? Why or why not? Is he an agent of International Widgets?
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.
Prepare a schedule that discloses the individual costs : Prepare a schedule that discloses the individual costs making up the balance in the land account in respect of land site number 101 as of September 30, 2018.
Performance of the business continuity management framework : What are the procedures for monitoring performance of the business continuity management framework - identify improvements to be made to the business
Decide on the 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.
First-degree price discrimination : How much profit can the monopolist generate with first-degree price discrimination if resale can be prevented? What is the associated deadweight loss.
What is the concept of unreasonable risk : Should endangered species be assigned an attorney to represent them in legal proceedings, which may affect their habitat? Why?
International trade to a country exceed the costs : In principle, the benefits of international trade to a country exceed the costs, no matter?whether the country is importing or exporting.
How much should the bond discount be reduced : On January 1, 2017, Sandro Corporation issued $500,000 of its 8% bonds for $467,479. The bonds were priced to yield 9%.

Reviews

Write a Review

Business Economics Questions & Answers

  What will the effects of the tax be in the short run

What will the effects of the tax be in the short run on industry output and price. Will the price rise by the full ?ve cents in the short run.

  Quality and price-positioned in an existing market

Bayer Schering Pharma AG, Germany owns Alka-Seltzer, which was launched in 1931 and was meant for relief of minor aches, pains, inflammation, fever, headache, heartburn, sour stomach, indigestion, and hangovers. Alka-Seltzer Plus was a spin-off of th..

  Economys price level and real GDP

Explain the effects of each of each of the following factors on the economy’s price level and real GDP. Illustrate your explanations with appropriate diagrams.

  Find that a comparable building has become available in city

Suppose you are considering moving your company’s headquarter from Nashville to LA. Last year you paid $100,000 for an option to buy a building in LA. The option gives you the right to buy the building at a cost of $1,000,000, so that if you ultimate..

  Q recall that is the economy continues to be strong abc

q. recall that is the economy continues to be strong abc company may need to increase its production by about 50

  How can they benefit from trade with a poor country

Describe how a developing/emerging economy can benefit from trade with a wealthy country even if it has no absolute advantages. How can they benefit from trade with a poor country?

  What is the actual IRR for this investment

Leo supervises operations for a small manufacturing company. The company wants to expand, so upon Leo's recommendation, it purchased a new robotic assembly system for $200,000. Leo argued that he had made a good decision because it saved the company ..

  Andreas four year university degree

She is considering quitting her job and going to university full time for four years.

  About the estimated salvage-half-year convention enforced

New equipment was just purchased for $750,000. Estimated salvage in 10 years is $50,000. Calculate the depreciation and book value at the end of year 4 for each of the following methods:

  Designing secure software

The advantage of penetration testing is that this methodology permits a team to submit the new system to an environment that allows for refinement rather than simply reacting to problem areas during the post-deployment phase. Please respond to all..

  Subgame perfect nash equilibrium what happens

Assume that the payoff to a goblin is if he is made into a house elf and that it equals the number of galleons if he is not. Using the solution concept of subgame perfect Nash equilibrium, what happens?

  Discuss the minipublics-types of institutional design

Discuss the minipublics (types of institutional design) presented by Archon Fung. Which one(s), in your view, provide the best avenues for deliberation and civic participation on the part of the citizens and the institutions of governance?

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