What makes surplus and shortage inefficient? Explain.Also How and why do we go back to equilibrium in
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
Surplus and shortage are sorts of inefficiency A surplus is a ...View the full answer
Answered By
Isaiah Mutinda
As a graduate with Bs in Maths and Computer Science and having worked as a freelance full stack software developer for 3 years running I believe I have what it takes to conformable tutor and mentor a student to a professional developer also.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Question Posted:
Students also viewed these Corporate Finance questions
-
Describe equilibrium, surplus and shortage. For each situation, explain what the relationship is between Qd and Qs, and between S and D. What is making these relationships exist?
-
Describe equilibrium, surplus and shortage. For each situation, explain what the relationship is between Qd and Qs, and between S and D. What is causing these relationships to exist?
-
How can one distinguish between a relaxed but rational working capital policy and a situation in which a firm simply has a lot of current assets because it is inefficient? Does SKIs working capital...
-
Many areas have attempted to increase the amount of recycled waste lubricating oil by requiring service stations to serve as collection centers or by instituting deposit-refund systems. On what...
-
Use the step-by-step technique to find i0(t) for t > 0 in the network in Fig. P6.29. 26 T 200 12 V
-
In February 2011, facebook.com had 134,078,221 unique visitors. This number of visitors was 51,604,956 less than the total number of visitors to YouTube.com and amazon.com. The number who visited...
-
Online, find a residential tenancy lease. Is it important for a lease to be in writing? Who probably drafted the lease, a landlord or a tenant? How can you tell? Should any other provisions be...
-
Eco Wet, Inc., a manufacturer of gears for lawn sprinklers, is thinking about adding a new fully automated machine. This machine can produce gears that the company now produces on its third shift....
-
NO PAPER WORK ONLY TYPED ANSWERS ASAP NO PLAGARISM DONT USE CHAT GPT I WILL REPORT YOU. A(n) 13-year bond has a coupon of 8% and is priced to yield 15%. Calculate the price per $1,000 par value using...
-
The Coca-Cola Company pulled a UK Internet promotion campaign after parents accused it of targeting children by using references to a notorious pornographic movie. As part of its efforts to reach...
-
Stewart Industries expects to pay a $3.00 per share dividend on its common stock at the end of the year (D1 = $3.00). The dividend is expected to grow 25 percent a year until t = 3, after which time...
-
The following table represents the market share percentage for each firm in a hypothetical industry. a. Calculate the four-firm concentration ratio for this industry. b. Calculate the...
-
The amount of time a bank teller spends with each customer has a population mean, = 3.10 minutes and a standard deviation, = 0.40 minute. If you select a random sample of 16 customers, a. What is...
-
You owe $10,000 on a loan. The loan is to be repaid in equal payments at the end of each year for the next five years. The interest rate on the loan is 8 percent compounded annually. What is the...
-
Gustav's stock has a 3 0 % chance of producing a 1 1 % return, a 5 0 % chance of producing a 8 % return, and a 2 0 % chance of producing a - 9 % return. What is the firm's expected rate of return? Do...
-
5. Below are some assumptions of memory access times: 1 memory bus clock cycle to send the address 10 memory bus clock cycles for each DRAM access initiated 1 memory bus clock cycle to send a word of...
-
What is the order of complexity of this segment of code? for (int i = 0; i < N; i++) for (int j=0; i < 15; i++) System.out.println (i*j);
-
What two types of biometric authentication mechanisms are supported on smartphones? Which options would be considered to be biometric methods of authentication? True or false? Updates are not...
-
Identify the key required reports of the Single Audit Act and OMB Uniform Guidance.
-
The manager for retail customers, Katie White, wants to hear your opinion regarding one business offer she has received from an entrepreneur who is starting a mobile phone app called Easy Money. The...
-
The pre-sinking stress field assumed to be caused by gravity alone (Problem 3.37) turns out to be wrong. The actual stress field has a tectonic component that adds a constant 8.62 MPa to the eastwest...
-
A circular shaft 5.5min diameter is decided upon rather than the proposed rectangular shaft. Determine the unlined shaft wall safety factors. Note: The stress field from Problem 3.38 applies.
-
The in situ stress field for Problems 38 and 39 changes between 914 and 1,067 m to one described by the formulas v = 25.45h, H = 24,138 + 7.47h, h = 24,138 + 7.47h where the stresses are in kPa and...
-
Allocating payroll amounts to different divisions involves - Select one: a.editing the payroll ledger settings to allow allocation b.editing payroll journal amounts to show the allocation c.posting...
-
Evaluate the implication of depreciation and its impact on reducing taxes and increasing cash flow for a firm. Chapter 2 of the book must be referenced: Block, S. B., Hirt, G. A., & Danielson, B. R....
-
Select a major ethical issue on Service Firms and Investment Bankscovered in your Chapter 4readings and discuss all of the relevant aspects including but not limed to regulations, laws, common...
Study smarter with the SolutionInn App