Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 12, 2024

When society gets the most it can from its scarce resources, then the outcome is called a. efficient. b. normal. c. marginal. d. equitable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Dean Karlan, Jonathan Morduch

1st edition

978-0077332587, 007733258X, 978-0077332648, 77332644, 978-1259163531

More Books

Students also viewed these Economics questions

Question

★★★★★

Generate n = 1000 binomial random variables with p = 0.001. Consider the process Bi which is equal to 1 with probability p and 0 with probability 1 p. Run 10,000 trials and plot a histogram of the...

Answered: 1 week ago

Question

★★★★★

Suppose in Example 11.19 that no new customers are allowed in the system after time t0. Give an efficient simulation estimator of the expected additional time after t0 until the system becomes empty.

Answered: 1 week ago

Question

★★★★★

Do you start to feel tired around 5 PM, but feel recharged after 8 PM? Yes No

Answered: 1 week ago

Question

★★★★★

It takes a force of 80.0N to compress the spring of a toy popgun 0.200m to load a 0.180-kg ball. With what speed will the ball leave the gun?

Answered: 1 week ago

Question

★★★★★

\begin{tabular}{|l|r|r|} \hline & \multicolumn{1}{|c|}{ Parent } & Subsidiary \\ \hline Revenues & $3,000,000 & $2,000,000 \\ \hline Cost of goods sold & (2,250,000) & (1,300,000) \\ \hline Gross...

Answered: 1 week ago

Question

★★★★★

Which description best describes the beliefs of an American conservative? Question 19 options: A) prefers government control in both economic and social matters B) prefers government control in...

Answered: 1 week ago

Question

★★★★★

Lodrobe Company manufactures a single product: wardrobes. Lodrobe's wardrobes have a unique design that is not replicated by any other wardrobe manufacturer. The company was formed at the beginning...

Answered: 1 week ago

Question

★★★★★

Do a brief research on the following Act Language. Identify the contributions of those it in language development. Place the link/s at the very end or bottom. 1. Ministerial Memorandum No. 523,p....

Answered: 1 week ago

Question

★★★★★

A satellite is in circular orbit 525 km above the surface of Earth. Determine the satellite's speed A satellite is in circular orbit 525 km above the surface of Earth. Determine the satellite's speed

Answered: 1 week ago

Question

★★★★★

EXHIBITS Income Statement exhibits close all Income Statement CPA Bakers Inc., a calendar year S corporation, is a retailer of gourmet snacks located in Happyville, U.S. CPA Bakers' current year...

Answered: 1 week ago

Question

★★★★★

ces This problem is based on the transactions for the Eco Build Company in your text. Prepare journal entries for each transaction and identify the financial statement impact of each entry. The...

Answered: 1 week ago

Question

★★★★★

1) Calculate measures of forecast accuracy: MFE, MAD and MAPE using the data from FY2017 through FY2020. Which forecast is more accurate? Do these forecasts seem adequate for the purposes of decision...

Answered: 1 week ago

Question

★★★★★

3. It is the commitment you show that is the deciding factor.

Answered: 1 week ago

Question

★★★★★

4. It is the principle of equality (according to very specific criteria of equality) that is crucial.

Answered: 1 week ago

Question

★★★★★

7. As your starting point, take a discussion you have had with a person at your workplace. Answer the following questions: Answer the following questions: What did you want to achieve? How did you...

Answered: 1 week ago

Previous Question Next Question