User Account

All Pages

Differences in way a market process-command process

Assignment Help Business Economics
Reference no: EM131427014

What is the basic economic problem that all persons, businesses and countries face? What are the differences in the way a market process vs. a command process attempt to deal with the basic economic problem? What is the difference between Economic Profits and Accounting Profits? Discuss the importance of taking into account the opportunity costs (implicit costs) in investment decisions. Illustrate your discussion with examples.

Reference no: EM131427014

Questions Cloud

Significance of wage and price flexibility : 1. What is the significance of wage and price flexibility in the classical argument that economy is self-correcting?
What behaviors are ethically right and ethically wrong : what behaviors are "ethically right" and "ethically wrong" vary across religions, but the boundaries of what is ethical or not are universal within religions.
Find the covariance of the cash flow with the market return : Find the covariance of the cash flow with the market return and its cash flow beta.
Which social science discipline is most likely to study : According to ethnographer Stefana Broadbent, social interaction on the Internet is problematic because people are distracted by having to maintain social ties rather than focusing on their work duties.Whereas communication tools used to be an exten..
Differences in way a market process-command process : What is the basic economic problem that all persons, businesses and countries face? What are the differences in the way a market process vs. a command process attempt to deal with the basic economic problem?
Write appropriate null hypotheses : Will you test goodness-of-fit, homogeneity, or independence?- Write appropriate null hypotheses.- Find the expected counts for each cell, and explain why the chi-square procedures are not appropriate for this table.
Explain all federal and state laws : Identify and explain all federal and state laws that must be understood and considered in order to examine the case of Trayvon Martin vs George Zimmerman from both positions.
Explain in a perfectly competitive market : Explain in a perfectly competitive market how a firm can make excess profit, incur loss and even shut down in the short run. (Draw graphs also)
Which one falsely describes a centralized approach : Which one of the following falsely describes a centralized approach to decision-making? Which one of the following is not part of organizing the work effort in ways that promote successful strategy execution?

Reviews

Write a Review

Business Economics Questions & Answers

  About the political and market systems of voting

Which of the following is TRUE about the political and market systems of voting?

  The consumption bundle to maximize the utility level

U(X,Y)=X.6Y .4 , MUX=.6X -.4Y .4 MUY=.4X .6Y -.6 PX=3 PY=4 I=60 (a) Calculate the MRSX,Y. (b) Write the budget constraint. (c) What is the consumption bundle to maximize the utility level? What is the maximum utility level?

  Find the equilibrium prices and quantities

Find the equilibrium prices and quantities. Construct a graph of supply and demand for this market, showing all intercepts, and showing the equilibrium prices and quantities you have calculated. At the market equilibrium price, what would be the tota..

  What is the price elasticity of supply

Suppose that in a week the price of Greek yogurt increases from $5.00/lb to $5.25/lb. At the same time, the quantity of Greek yogurt supplied increases from 100,000 lbs to 125,000 lbs. What is the price elasticity of supply for Greek yogurt?

  Decide whether to build small medium or large facility

A manager is trying to decide whether to build a small medium or large facility. Demand can be low, average, or high, with the estimated probabilities being 0.25, 0.40, and 0.35, respectively. If a large facility is built and demand is high, earnings..

  Company is allowed to make decisions for the company

If a manager who does not own a company is allowed to make decisions for the company, then:

  What saving rate would yield golden-rule level of capital

Consider an economy in which production characterized by the neoclassical function Y=K^.5N^.5. Suppose, again, that it has a saving rate of .1, a population growth rate of .02 and a average depreciation rate of .03. Determine what saving rate would y..

  Marginal products are diminishing in the cobb-douglas case

What does it mean that marginal product of capital is decreasing? show the marginal products are diminishing in the cobb-douglas case. Determination of steady state capital per worker consider the steady state capital per worker k*, how is k* affecte..

  At what level of output does average cost reach low point

Derive the long-run average cost and marginal cost equations, and plot them on a graph. At what level of output does average cost reach its low point?

  Do you accept the salesmans offer

An experienced salesman offers his service (help you perfectly price discriminate) for $800. Based on c) and d), do you accept the salesmans offer? Show work, and explain briefly.

  Attitudes of the industrial middle class

Read "Attitudes of the Industrial Middle Class in Britain and Japan" (19-1d). What are the differences between the viewpoints of Samuel Smiles and Shibuzawa Eiichi? How do you account for those differences? Do they share any values or outlooks?

  Assume firm has production technology

Assume a (perfectly competitive) firm has production technology given by f(L, K) = √ L + √ K. Assume pK = 1 = pL and compute its (long-run) supply schedule. Where in the analysis do you invoke the assumption of perfect competition?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd