Determinations of market

Assignment Help Microeconomics
Reference no: EM1371443

Please explain each question separately and in great detail.

1. How do markets determine the payments to the various factors of production?

2. How do markets determine the distribution of income?

Reference no: EM1371443

Questions Cloud

How business is using the arts : Impress your instructors with a new way of looking at decision making and management methods. Learn what companies are using the arts.
Bureaucratic organizational structure : The bureaucratic form of government is so prevalent in public agencies and tends to result in a slower paced, less consumer oriented management
Explain resource scarcity influence hospice-palliative care : Explain how resource scarcity influence hospice/palliative care for children and describe choices stakeholders are forced to make.
How many electrons are added for every electron before now : A rabbit runs in a straight line with a velocity of +1.40 m/s for a period of time, rests for 12 s, and then runs again along the same line at +0.63 m/s for an unknown amount of time.
Determinations of market : How do markets determine the payments to the various factors of production? How do markets determine the distribution of income?
Different ways storys plot affects reader''s comprehension : Show the concepts of setting, character, and plot of a story or article - What are the different ways a story's plot affects the reader's comprehension?
Explain what information does the functional manager : Explain What information does the functional manager require from the strategic planner and other departments to begin writing a plan or budget
Question on isoquant : Am I right in saying an isoquant for an output produced using 2 inputs that can be perfectly substituted for each other can be represented by a straight line
Estimate the average velocity for the entire trip : Bacteria vary somewhat in size, but a diameter of 2.0 nanometers is not unusual. What would be (a) volume (in cubic centimeters) and (b) surface area (in square millimeters) of such a bacterium, assuming that it is spherical.

Reviews

Write a Review

Microeconomics Questions & Answers

  Computing revenue maximizing price

If the goal of the transit authority was to maximize total revenues, what is the new price it should set? Also, what would the total revenue raised in this new price scheme?

  Estimating equilibrium price and quantity

What would be the equilibrium quantity and equilibrium price? Assume the Government imposes a $5 per unit tax on the seller, which equation would be affected and how?

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  Determine average fixed cost

If the total cost of producing 20 units of output is $1000 and the average variable cost is $35, what is the firm's average fixed cost at that level of output?

  Derive the profit function

Consider the problem of maximizing the profit function (pi)= pY -wL subject to the production function Y= L to the alpha (as the exponent) where alpha E (epsilon) (0,1).

  Difference between monopoly and oligopoly

Describe the difference between a monopoly and an oligopoly, and a cartel and provide an example of the monopoly, an oligopoly, and a cartel and write down the welfare effects of monopolies and oligopolies.

  Break-even quantities and operating leverages

Explain how the break-even quantities and operating leverages are affected by the relationships between fixed and variable costs.

  Variable costs and economies of scale

What business will you go into, and what will comprise your fixed and variable costs? How could your business take advantage of economies of scale?

  Computing equilibrium price-consumer surplus

In the competitive market, the market demand is Qd=48 - 5p and the market supply is Qs = 7P. The equilibrium price is4

  Price elasticity of demand-soft rock cafe

What price would Soft Rock have to charge to sell 2,000 T shirts? Compute the own price elasticity of demand when the price goes from $5 to $4.

  Practical problems in price theory

The problem in economics in price theory deals with deriving maximum marginal utility and marginal rate of substitution.

  Calculations of price discrimination

There is the firm that has pricing control of its output and is capable to identify its consumers in two groups. The total quantity demanded for its output is the summation of quantity demanded by the two groups,

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