Question and answer
What is an allocation of scarce resources using some method other than price? a. Rationing c. Spillover Costs b. Supply Shock d. Price Ceiling Please select the best answer from the
choices provided
a. Rationing. Rationing function of price makes for an efficient allocation of resources.
Get an answer
Original conversation
User: a system of allocating scarce goods and services using some criteria other than price

User: What is an allocation of scarce resources using some method other than price? a. Rationing c. Spillover Costs b. Supply Shock d. Price Ceiling Please select the best answer from the choices provided

Weegy: a. Rationing. Rationing function of price makes for an efficient allocation of resources.
Expert answered|migzptz|Points 6679|

Question
Asked 9/25/2012 9:46:38 AM
0 Answers/Comments
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
The North Korean government owns all property and all economic output. Almost all imports are banned, and production of goods and services by foreign companies is forbidden. This would be an example of a free enterprise economy. true or false?
Weegy: The answer is "false" User: why doea even a free market economy need need some government intervention? Weegy: Although free market economies are mostly based on the free choices of the buyers and consumers, one reason government intervention is needed is to prevent the creation of monopolies. [ If a monopoly is a natural monopoly or a monopoly that doesn't seem to make too much profit, it can be left alone, but if a monopoly has significant power and makes too much profit, government must restrict its market powers. Otherwise, the monopoly could control prices and output with no restrictions at all. Also, sometimes government must set price ceilings or price floors in order to try to fix the problems of shortages and surpluses. By setting these price levels, the government helps bring the price and quantity back to equilibrium position, where the quantity demanded = quantity supplied. Read more: ] (More)
Question
Expert Answered
Asked 9/18/2012 7:12:53 AM
0 Answers/Comments
A baker calculates that by spending $16 on labor and materials, she can bake 10 cakes a day. $24 will allow her to bake 12 cakes, while $36 spent on labor and materials produces 14 cakes. In terms of capital and labor, the baker has a. increasing marginal returns. c. decreasing marginal returns. b. constant marginal returns. d. negative marginal returns. Please select the best answer from the choices provided
Weegy: The answer to your question is C. If she could bake 10 cakes for $16 you would expect her to bake double the amount for double the price. However, she can only bake 14 cakes for 4 extra dollars. [ You can see the definition of decreasing marginal returns (also known as diminishing returns) here: ] User: An entrepreneur knits sweaters for sale. The entrepreneur has fixed costs of $100. When he makes 10 sweaters in one month, he must spend $15 on wool. To make eleven sweaters in one month, he must spend $17 on wool. If he has no other costs, what is the marginal cost of the eleventh sweater? a. $1 c. $17 b. $2 d. $117 Please select the best answer from the choices provided Weegy: B. $2 User: Which is an example of a monthly fixed cost for a sandwich shop? a. rent c. workers' wages b. electric bill d. meat and cheese for sandwiches Please select the best answer from the choices provided Weegy: The answer is letter A. Rent. User: When the selling price of a good goes up, what is the relationship to the quantity supplied? a. The cost of production goes down. b. The profit made on each item goes down. c. It becomes practical to produce more goods. d. There is no relationship between the two. Please select the best answer from the choices provided Weegy: the answer is . c. It becomes practical to produce more goods (More)
Question
Expert Answered
Asked 9/21/2012 6:22:51 AM
0 Answers/Comments
Production costs are determined not only by the prices of inputs, but also by _______. a. intangibles c. competition b. technology d. consumer needs Please select the best answer from the choices provided
Weegy: {b. technology} Production costs are determined not only by the prices of inputs, but also by technology. (More)
Question
Expert Answered
Asked 9/21/2012 6:31:33 AM
0 Answers/Comments
The number of suppliers that enter and leave the market has no effect on the amount of goods or services supplied. Please select the best answer from the choices provided true
Weegy: Could you please provide a question in order to better assist you? Thank you. User: Which example best demonstrates the practice of the U.S. government providing subsidies to American industry? a. Offering a decrease in the excise tax for automakers who produce environmentally friendly cars. b. Deregulating the utilities and power companies. c. Encouraging farmers to switch to organic methods by supplying financial support. d. Allowing the telephone and communications companies to become privatized. Please select the best answer from the choices provided (More)
Question
Expert Answered
Asked 9/21/2012 7:57:58 AM
0 Answers/Comments
23,889,563 questions answered
Popular Conversations
Small family owned businesses usually require applicants to submit ...
Weegy: TRUE. Small family owned businesses usually require applicants to submit electronic resumes.
2/8/2016 8:47:01 AM| 4 Answers
Which action associated with the United States' "return to normalcy" ...
Weegy: Washington Disarmament Conference was on 1921 and established a treaty between the United States, France, ...
2/8/2016 9:35:32 AM| 2 Answers
The King James Bible was written by A. King James. B. a ...
Weegy: The King James Bible was written by A. King James.
2/8/2016 12:55:50 PM| 2 Answers
Weegy Stuff
S
Points 293 [Total 690] Ratings 0 Comments 293 Invitations 0 Offline
S
P
P
Points 178 [Total 985] Ratings 0 Comments 178 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
Points 117 [Total 11290] Ratings 0 Comments 117 Invitations 0 Online
S
L
P
Points 46 [Total 2114] Ratings 0 Comments 46 Invitations 0 Offline
S
R
Points 9 [Total 445] Ratings 0 Comments 9 Invitations 0 Offline
S
Points 7 [Total 291] Ratings 0 Comments 7 Invitations 0 Online
S
Points 4 [Total 904] Ratings 0 Comments 4 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 1 [Total 2] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 2] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)