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.
A buyers’ market is a market in that: (w) queuing to secure goods is common. (x) the current market price is below equilibrium. (y) demand exceeds supply. (z) several sellers experience surpluses. I need a go
The fact that human requirements exceed the production possible along with the resources obtainable is termed as economic: (1) scarcity, (2) welfare, (3) shortage and (4) deficits. Can someone please suggest me the
Every decision involves opportunity costs due to the fundamental facts which underpin: (i) limits to human reason. (ii) production technology. (iii) limits to human wants. (iv) demand and supply analysis. (v) scarcity. Q : Market adjustments change equilibrium A movement along the demand curve for a good would be caused through changes within: (1) preferences and tastes. (2) costs for productive resources. (3) supply which change the equilibrium price of the good. (4) expectations regarding future prices.
A movement along the demand curve for a good would be caused through changes within: (1) preferences and tastes. (2) costs for productive resources. (3) supply which change the equilibrium price of the good. (4) expectations regarding future prices.
recognize economics as a field of economics
When an economic change makes a huge majority of the population worse off and a minute minority better off, the alteration is: (w) good for society because it made some people better off. (x) bad for society since only a few people ar
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
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. Q : Define the inflation most influences Please help me to solve the problem of Prices that is given below: Inflation most influences: (i) absolute prices. (ii) subjective values. (iii) relative prices. (iv) objective prices. (v) tax rate
Please help me to solve the problem of Prices that is given below: Inflation most influences: (i) absolute prices. (ii) subjective values. (iii) relative prices. (iv) objective prices. (v) tax rate
Hello guys I want your opinion. Please suggest your answer for following Normative-economics problem. Normative economics: (i) based upon value judgments. (ii) involves statements which are either right or wrong. (
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