--%>
Assignment Help - homework help

Goods and service problem

The market system's answer to the fundamental question "Who will get the goods and services?" is essentially: 1) "Those willing and able to pay for them." 2) "Those who physically produced them." 3) "Those who most need them." 4) "Those who get utility from them."

   Related Questions in Microeconomics

  • Q : Demand for Labor-Monopsony Power When

    When wage discrimination is not probable for the first 40 workers this profit-maximizing organization hires, however it can wage discriminate perfectly whenever hiring all the subsequent workers, it hires a net of: (i) Forty workers at an average salary of $700 per we

    		•
  • Q : Positive economic profit and accounting

    Purely competitive equilibrium, in long-run firms normally experience positive accounting profit and economic profit which is: (w) also positive, but smaller. (x) zero. (y) negative, but barely that why. (z) either positive, zero, or negative.

  • Q : Examples of Complementary Goods Can

    Can someone help me in finding out the right answer from the given options. Illustrations of complementary goods would not comprise: (1) Football tickets and rugby tickets. (2) Golf clubs and golf balls. (3) Laundry detergent and washing machines. (4)

    		•
  • Q : What Determinants of Supply include

    Determinants of supply do not comprise: (1) Government regulations. (2) Technology. (3) Resource prices. (4) Prices for other producible goods. (5) Tastes and preferences. Can someone please help me in finding out the accurate answ

    		•
  • Q : Purely and monopolistically competitive

    Purely competitive markets and monopolistically competitive markets have in general: (1) the collusive tendencies of large rival firms. (2) extensive negotiations about prices among buyers and sellers. (3) freedom of entry and exit wi

    		•
  • Q : Federal agricultural subsidies Federal

    Federal agricultural subsidies tend to be rapidly: (w) spent because most farmers lack sufficient budgeting skills. (x) capitalized in higher prices for farm land. (y) slashed while pressure mounts to cut the federal deficit. (z) absorbed from rising

    		•
  • Q : When is marginal costs equivalent to

    A purely competitive firm adjusts production therefore its marginal costs equivalent the market price, thus: (w) minimizing losses or maximizing profit. (x) ensuring that total costs do not exceed total revenue. (y) surviving the shor

    		•
  • Q : Law of supply regarding firms I have a

    I have a problem in economics on Law of supply regarding firms. Please help me in the following question. The law of supply signifies that: (i) Firms provide less for sale at lower prices. (ii) Purchases and prices differ inversely. (iii) Minimum inve

    		•
  • Q : Shifting demand of labor The demand for

    The demand for labor will shift because of changes in all of the given except: (w) prices of other resources. (x) prices of output. (y) MPP (z) wages. Hello guys I want your advice. Please recommend some views for

    		•
  • Q : Total revenue at level of sales and

    HoloIMAGine has patented a holographic technology which makes 3-D photography obtainable to consumers. The level of sales and production at that HoloIMAGine would take in its greatest probable total revenue is: (i) output q3

    		•