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.
The democratic governments exercise partial control on markets primarily through: (1) Marketing resources it owns. (2) Intimidation. (3) Negotiation. (4) Taxes and regulations. Can someone please help me in finding
Theory of economic development by Adam Smith relies upon a ________ to kick-start the process, and subsequently _________ to continue this. (w) higher wages./ the wages fund. (x) division of labor/ higher wages. (cy) explosive p
Unessential complicated theories violate: (w) common sense. (x) the principle of nonsatiety. (y) the laws of demand and supply. (z) Occam's razor. Please gues I really need one good answer from the above options.
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?
Please help me to solve the problem that is given below: The study of economics is LEAST related along with: (w) humanity in its wealth getting and wealth using activities. (x) physiological interpretations of labo
The idea that costs ultimately grow faster than output if output is expanded obeys logically from the law of: (i) Increasing expectations. (ii) Raising returns to scale. (iii) Diminishing returns. (iv) Demand and supply. (v) Rational effects. Q : Illustration regarding to market When the soybean market begins within equilibrium upon S0D0 and in that case a highly publicized study demonstrates yoghurt to be much more nutritious than the tofu made by soybeans, the market changes to: (w) S0D2. (x) S
When the soybean market begins within equilibrium upon S0D0 and in that case a highly publicized study demonstrates yoghurt to be much more nutritious than the tofu made by soybeans, the market changes to: (w) S0D2. (x) S
A technical approach to economics entail: (1) positive questions since this cannot resolve normative matters. (2) normative questions since this cannot resolve positive matters. (3) positive and normative questions since this can resolve all matters.
Maximization of the complete value of output from a fixed amount of resources gives in: (i) Opportunity cost. (ii) Economic efficiency. (iii) Potential profitability. (iv) Comparative benefit. (v) Scarcity. How can I solve my
In words of Adam Smith, overview of human history, that asserted nomadic cultures are inevitably replaced with agricultural communities and which with such change comes: (w) raised education for minors. (x) women’s freedom. (y) more stable food
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