Which goods and services are produced in your example

Reference no: EM13826124

Question-

Microeconomics is considered to be the study of scarce resources (Perloff, 2007). Here, consumers (both individuals and organizations) must make allocation decisions. These three basic trade-offs include which goods/services are to be produced, how to produce them, and who gets them.

• Briefly explain how these three trade-offs are determined using a specific good/service found on the Internet:

• Which goods/services are produced in your example?

• How will they be produced?

• Who purchases them?

In your own words, post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings. (3-4 PARAGRAPHS ONLY)

Additional Information-

The question related to Economics and the question is explains about microeconomics. The microeconomics is a study of scarce resources for both individuals as well as for organizations. For organizations, especially have to use the resources optimally to produce goods and services. Here an example of consumer electronic products has been given.

Word limits- 400

Reference no: EM13826124

Questions Cloud

Preferred stock outstanding that is currently selling : Jensen's Travel Agency has 11 percent preferred stock outstanding that is currently selling for $38 a share. The market rate of return is 15 percent and the firm's tax rate is 34 percent. What is Jensen's cost of preferred stock?

Identifying symptoms or signs of pneumonia : Identifying Symptoms Or Signs Of Pneumonia

What is the companys pre-tax cost of debt : The Bet-r-Bilt Company has a 5-year bond outstanding with a 4.35 percent coupon. Interest payments are paid semi-annually. The face amount of the bond is $1,000. This bond is currently selling for 94 percent of its face value. What is the company's p..

What is the firms cost of equity : Martin Industries just paid an annual dividend of $2.60 a share. The market price of the stock is $43.00 and the growth rate is 9.4 percent. What is the firm's cost of equity?

Which goods and services are produced in your example : The question related to Economics and the question is explains about microeconomics. The microeconomics is a study of scarce resources for both individuals as well as for organizations.

Screening of total hip replacement in elderly patients : Write a research plan for evaluating the impact of admission and screening of a total hip replacement in elderly patients.

Computation of present value and internal rate of return : Your company is planning to install a new facility in its Edmonton plant for manufacturing air cleaning equipment for coal fired power stations. The project life is 8 years. MARR (the minimum attractive rate of return) is i%. The anticipated after..

Write one paragraph summarizing the article : Write one paragraph summarizing the article and a 2nd paragraph that analyzes the benefits of exercise and a healthy diet for someone with the illness. Be sure to cite examples from the article and incorporate concepts from our textbook into your ana..

What is expected return on market-risk-free rate of return : The stock of Big Joe's has a beta of 1.52 and an expected return of 12.70 percent. The risk-free rate of return is 5.2 percent. What is the expected return on the market?

User Account

All Pages