Why the market outcomes maximizes total surplus

Assignment Help Business Economics
Reference no: EM131253181

Which of the following is not a reason why the market outcomes maximizes total surplus?

a. At the market outcome every unit that has a marginal benefit to consumers that is at least as large as the marginal cost of production is produced.

b. The market outcome assures that the good is allocated to the consumers with the highest willingness to pay

c. The market outcome maximizes the average consumer surplus.

d. The market outcome assures that the producers that supply the good are the lowest cost producers

Reference no: EM131253181

Questions Cloud

Feedback to employees about their performance : Why should managers provide ongoing and frequent feedback to employees about their performance? How would you feel about receivng feedback more frequently at your current employment (if applicable)?
Critical points for managerial attention : 1. Based on your rough sense of student sentiments and behavior, develop a "tree" of Customer Satisfaction, Complaint Behavior and Retention for the undergraduate program in the LCB. 2. Then identify three critical points for managerial attention in..
A variation on the renter model : A variation on the Renter model: Consider the following variation: There is only a single difference: we've changed tile exponent on production of the output good so that there is now n diminishing product to ideas in that sector. Provide an economic..
Describe a work related conflict experience : Provide a detailed explanation of the conflict, who was involved, what caused the conflict, along with any other important information.
Why the market outcomes maximizes total surplus : Which of the following is not a reason why the market outcomes maximizes total surplus?
Describe the two key characteristics of fungi : Describe the two key characteristics of fungi. What is the function of chitin in the fungal cell? What is mycology? Explain what a mycosis is. Approximately haw many fungi can produce mycoses?
Improvement for the next quarter : Make on recommendation to Mr. Rainer and sport "R" Us regarding where they would see the most again in improvement for the next quarter. What specific pieces of information where most informative in leading you to this recommendation? Explain your..
Assessment of the overall performance of sports : What is your assessment of the overall performance of sports "R" Us's for the 2nd quarter? How useful is an overall effectiveness score trying to integrate all data? Based on the performance data and contingency graphs for the 2nd quarter, how wel..
Last couple of years leading him to questions : Mr. Rainer has seen his ProMES system provide worse and worse result for the last couple of years leading him to questions whether ProMES is a productive tool. Do you agree with this perspective? If not, how can you convince him that ProMES should..

Reviews

Write a Review

Business Economics Questions & Answers

  Order to be fully insured against risk of losing his ship

William owns just one ship. Ship is worth 200 million dollars. The probability the sink will ship is .02. His total wealth including the value of the ship is 225 million. U(W) is equal to the squre root of W. What is the maximum amount that william w..

  Short- and long-run effects of these fiscal adjustments

In 2015, the U.S. federal government increased government spending (G) by $56 billion. This question has you both illustrate and explain the short- and long-run effects of these fiscal adjustments. Using the short-run model, show the impact of increa..

  Most of the increase in the labor portion

Most of the increase in the labor portion of total health care expenditures in the past 40 years can be explained by

  Debate about whether high employment rates

Currently there is a debate about whether high employment rates in the US are the result of cyclical factors or structural factors. Describe this debate? What impact might immigration have on the different types of unemployment?

  How much must be deposited each month

How much must be deposited each month for 9 months at an interest rate of 9.6% per month to allow for a single withdrawal of $54,273.31 at the same time as the last deposit?

  Great ability to compete in the global economy

A descriptive essay on "What are the necessary ingredients for a nation to experience greater rates of economic growth, higher average standards of living, and a great ability to compete in the global economy? That is, what could the U.S. do to achie..

  What is the npv break-even level of sales assuming a tax

What is the NPV break-even level of sales assuming a tax rate of 35%, a 10-year project life, and a discount rate of 12%? (Do not round intermediate calculations. Round your answer to the nearest whole number.)

  Long-run labor demand and factor substitutability

Long-Run Labor Demand and Factor Substitutability.  Draw the isoquant that corresponds to that level of production where L on horizontal axis and K on the vertical axis. Is this isoquant convex (bowed toward the origin) ? By looking at your graph, de..

  Role of velocity during periods of rapid price change

Suppose price levels were falling 10% per day. How would this affect the demand for money? How would it affect velocity? What can you conclude about the role of velocity during periods of rapid price change?

  Make valid international comparisons of real gdp

To what degree does real GDP measure to health of an economy? How is it possible to make valid international comparisons of real GDP? Support your answer with examples.

  Assuming no more charges on the card are mad

You owe $1000 on your credit card. The APR is 24%, compounded monthly. The credit card company indicates that your minimum payment is $22.44. If you make only the minimum mouthy payment, how long will it take for you to repay the $1000 balance (assum..

  What is the profit-maximizing price of the dominant firm

The average avoidable cost for a fringe firm is AAC(q) = 20/q + 5q. The marginal cost function for a fringe firm is MC = 10q . There are 10 fringe firms. The marginal cost of the dominant firm is 2 and the demand function is Q = 100 - P. What is the ..

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