Difference in distribution mechanism for goods and services

Assignment Help Microeconomics
Reference no: EM131788973

Question: Explain the difference in the distribution mechanism for goods and services in the market and command systems. Discuss the implications of this difference in terms of efficiency. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131788973

Questions Cloud

Discuss the implications of the absolute threshold : Many studies have shown that our sensory detection abilities decline as we grow older. Discuss the implications of the absolute threshold for marketers.
How should this function information be stored : Complicating the situation is the possibility that one of these functions might also call itself-a phenomenon known as recursion
Find the price for which a fresh gallon of milk sells : find the price for which a fresh gallon of milk sells. Assume a service level of 97.5% and that the store purchases milk for $2.44 per gallon.
Discuss the effects of the alternative actions : Prepare a tabular summary of the effects of the alternative actions on the components of stockholders' equity
Difference in distribution mechanism for goods and services : Explain the difference in the distribution mechanism for goods and services in the market and command systems. Discuss the implications of this difference.
Computer memory using a binary representation : Data items are stored in computer memory using a binary representation. In particular, positive integers are commonly stored using the base-two representation
Contents of the array referred : Give the value of my Top and the contents of the array referred to by my Array in the stack s after the code segment is executed, or indicate why an error occur
Explain effects of given factors on the economy price level : Explain the effects of each of the following factors on the economy's price level and real GDP. Illustrate your explanations with appropriate diagrams.
Discuss dividends on common stock : Whetzel Corporation reported net income of $150,000, declared dividends on common stock of $45,000, and had an ending balance in retained

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  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..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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