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
18,384,172 questions answered
Popular Conversations
The value of y varies directly with x, and y = 3 when x = 1. Find y ...
Weegy: An example of a quadratic equation is y = x^2 - 5 User: The value of y varies directly with x, and y = 4 ...
11/19/2014 7:46:35 AM| 6 Answers
Stomata and mitochondria are two specialized cells found only in ...
Weegy: TRUE. Stomata and mitochondria are two specialized cells found only in plants. User: Helps the cell move ...
11/19/2014 12:29:59 AM| 4 Answers
What is the equation of the line described below written in ...
Weegy: 3x - 2y = 5 -2y = -3x + 5 y = (3/2)x - 5/2 which is the slope intercept form. User: What is the slope of ...
11/19/2014 9:09:35 AM| 3 Answers
Factor this expression completely mr + ns - nr - ms User: Factor n ...
Weegy: 7x User: What is the middle term of the product of (x - 4)(x - 3)? -x x -7x Weegy: (x - 4)(x - 3) = x^2 ...
11/19/2014 10:32:08 AM| 3 Answers
Select the difference of (8x^2 - 3x^3) - (2x^2 - 5x^3)
Weegy: (2x^2 - 3x^3) - (8x^2 - 5x^3) = (2x^2 - 3x^3) + (-8x^2 + 5x^3) = 2x^3 - 6x^2 User: Simplify the following ...
11/19/2014 7:15:19 PM| 3 Answers
Complete the standard form of the equation –4y = 3 – 2x. User: Which ...
Weegy: 8 ? 4(x ? y) = 6x + 6 in standard form is: 2x + 4y = 2 User: What is the x-intercept of the line with the ...
11/19/2014 8:10:03 PM| 3 Answers
Which is true of transmission electron microscopes? a. They show ...
Weegy: The true of transmission electron microscopes b. They send a beam of light through a thin slice of a specimen. ...
11/19/2014 12:31:18 AM| 2 Answers
What is the slope of the line that contains the points (0, –8) and ...
Weegy: The answer is zero. The property is identity property of addition. This property states that any number plus 0 ...
11/19/2014 7:05:03 AM| 2 Answers
Weegy Stuff
S
L
1
L
P
C
1
P
C
1
L
P
C
1
Points 2077 [Total 13788]| Ratings 9| Comments 1987| Invitations 0|Offline
S
L
Points 1073 [Total 3359]| Ratings 0| Comments 1073| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
Points 629 [Total 14003]| Ratings 0| Comments 629| Invitations 0|Offline
S
L
Points 582 [Total 1103]| Ratings 6| Comments 522| Invitations 0|Offline
S
Points 258 [Total 290]| Ratings 1| Comments 248| Invitations 0|Offline
S
1
L
L
Points 200 [Total 6594]| Ratings 0| Comments 200| Invitations 0|Offline
S
L
Points 139 [Total 1435]| Ratings 3| Comments 109| Invitations 0|Offline
S
Points 50 [Total 50]| Ratings 0| Comments 0| Invitations 5|Offline
S
Points 37 [Total 37]| Ratings 0| Comments 37| Invitations 0|Offline
S
Points 34 [Total 34]| Ratings 2| Comments 4| Invitations 1|Online
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.