Rationing of goods a fact of economic life

Assignment Help Microeconomics
Reference no: EM132542047

In a market economy, why is the rationing of goods a fact of economic life, and what form of rationing is the most prominent?

Reference no: EM132542047

Questions Cloud

Compute the budgeted production for june : Compute budgeted material purchases for June in pounds and pesos. Compute the budgeted production for June.Compute the budgeted production for July.
Describe the difference between the desire : Describe the difference between the desire for a good and the demand for a good as they are understood by economic analysis.
Briefly describe limit pricing and predatory pricing : Briefly describe limit pricing and predatory pricing as used by some oligopoly firms, and then explain which form of pricing
Compute silikon expected margin of safety : Compute silikon's expected margin of safety for the coming year. Also, what would sales volume need to be if Monique desires a 20% margin of safety?
Rationing of goods a fact of economic life : In a market economy, why is the rationing of goods a fact of economic life, and what form of rationing is the most prominent?
Pursuit of economic self-interest benefit : Does the pursuit of economic self-interest benefit the economic pursuits of others? Explain why or why not.
Briefly describe 2 government : Briefly describe 2 government-imposed barriers to entry that help larger firms avoid some competition, and then explain the impact that these government
What is the profit-maximizing rate of output : The following table indicates the prices various buyers are willing to pay for a MINI Cooper car: Buyer
Prepare depreciation schedules using straignt line method : Prepare depreciation schedules using straignt line method, units of activity of depreciation.Provide journal entry to recond depreciation

Reviews

Write a Review

Microeconomics Questions & Answers

  Assume you are the manager of abba cable company which

assume you are the manager of abba cable company which provides commercial communication services to the town of canyon

  What difference between ordinal utility and cardinal utility

What is the difference between ordinal utility and cardinal utility? Explain why the assumption of car- dinal utility is not needed in order to rank consumer choices.

  How policy affect national saving and domestic investment

Suppose that Congress is considering an investment tax credit, which subsidizes domestic investment. (a) How does this policy affect national saving, domestic investment, net capital outflow, the interest rate, the exchange rate, and the trade bal..

  Generalized dividend pricing model

1) Using the Generalized Dividend Pricing Model, solve for the present value of a stock that pays $4 in dividends per year

  Trade in genetically modified crops suppose the residents

trade in genetically modified crops. suppose the residents of a country become fearful of using genetically modified

  Compare and contrast the use of various economic models

Compare and contrast the use of various economic models to explain the role of economics in healthcare and how the concept of the market equilibrium works in healthcare.

  How many units of nuts will anthony demand

The price of good 1 (nuts) is $2 and the price of good 2 (berries) is $1. How many units of nuts will Anthony demand?

  Budget constraint and offer an intuitive explanation

a) By using the provided Lagrangian, state the individual's budget constraint and offer an intuitive explanation of this constraint.

  What percent interest rate per year would be earned

The ABC Corporation has an investment opportunity that costs exist50,000 and 4 years later pays a lump-sum amount of exist63,000.

  Law of demand supply-government intervention

Provide two examples of actions taken by a company, government, or organization whose effect is to prevent specific markets from reaching equilibrium. What evidence of excess supply or excess demand can you cite in these examples?

  Determine whether demand or supply changes or both

o Determine whether the change is an increase or a decrease. o Show the change in demand and/or supply on the graph of the initial equilibrium. (You will have one graph for each event.) Identify the result on the equilibrium price and quantity of den..

  Wage indexation is a good mechanism to fight inflation

Wage indexation is a good mechanism to fight inflation induced by either demand or supply shocks. With high responsiveness of investment to interest rate and low sensitivity of speculative money demand to interest rate, the monetary policy is more ef..

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