Example of wasted water in inefficiency economics
Why do people usually assume that water run on sidewalks and within the street while they water their lawns? Is that wasted water a symbol of inefficiency?
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The cost of water may be insignificant relative to the value of the time this takes people to shift their hoses around sufficiently which not a drop finds on the street. Therefore, this may be efficient for several people to employ "many more much" water; faithfully hand watering would be inefficient.
Why is this probably precise to believe that you can believe of nothing better to do along with your time immediately than to study economics?
Where is generally economic capital referred: (1) Money and other financial assets. (2) Machinery, buildings and equipment. (3) Net investment minus depreciation. (4) Corporate bonds and stocks. Can anybody suggest
Economics like a region of study largely focuses upon: (1) class, power and status relationships. (2) Government policies to cure poverty. (3) Scarcity and decision making. (4) Accounting and financial relationships. (5) profit-maximizing business strategies.
Adam Smith believed about the ultimate suitable objective of all economic activity is to maximizing: (w) wealth and power of the national government. (x) satisfaction of individuals by giving people along with the goods they want. (y) employment oppor
When an economic change makes ten percent of the population better off and has no consequence on the economic welfare of the other ninety percent, in that case: (w) the community is better off. (x) the community is worse off. (y) community economic welfare does not ch
The three basic economic questions do NOT include: (w) What?, (x) For whom?, (y) Where? and (z) How? Can someone explain me with about above problem of fundamental economic concept...
The driving issues within economics are like: (w) income distribution and wealth. (x) productive inefficiency and waste. (y) restricted resources and unlimited human desires. (z) financial planning and mismanagement. Q : Quantity theory of money David Hume and David Hume and John Locke summarized an early version of: (1) the circular flow of income. (2) the permanent income hypothesis. (3) the quantity theory of money. (4) the marginal disutility of poverty. (5) the backward-bending supply
David Hume and John Locke summarized an early version of: (1) the circular flow of income. (2) the permanent income hypothesis. (3) the quantity theory of money. (4) the marginal disutility of poverty. (5) the backward-bending supply
Which of the given probably comes closest to make a free good: (1) Unexpected warmth through the sun within Chicago in January. (2) A hot school lunch given for a needy student. (3) A microwave pizza bought along with food stamps. (4) Income earned th
The Economic systems are categorized mainly according to: (1) Who makes decisions and who owns the resources. (2) Which political parties are in the power. (3) The extent of economic growth. (4) How efficiently resources are employed. Discover Q & A Leading Solution Library Avail More Than 1420820 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1941318 Asked 3,689 Active Tutors 1420820 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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