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
17,479,906 questions answered
Popular Conversations
He was arrested for A. misogyny. B. bigamy. C. philanthropy. D. ...
Weegy: He was arrested for: BIGAMY. User: A neurotic is suffering from A. neurasthenics. B. neurosis. C. ...
9/22/2014 5:30:20 PM| 4 Answers
What is the value of p – (–3.5) when p = 8.2? User: What value of x ...
Weegy: –7.12 = –4.8 + x -7.12 = -4.8 + (-2.4) x = -2.4
9/22/2014 6:03:27 AM| 2 Answers
A system of two linear equations has no solution. How is this ...
Weegy: A system of two linear equations has an infinite number of solutions if B. The two equations are the same line. ...
9/22/2014 8:57:21 AM| 2 Answers
Find the equation of the line through the point (–2, –2) that is ...
Weegy: The slope of the line that is perpendicular to the line whose equation is 2x + y = 4 is 1/2. User: Two ...
9/22/2014 10:16:53 AM| 2 Answers
Which sentence below has the subordinate clause underlined? A. In ...
Weegy: Please indicate the underlined part in the sentence. So we can answer your question. User: Which of the ...
9/22/2014 10:24:45 AM| 2 Answers
Select the correct pronoun. The people _____ arrived late had ...
Weegy: A demonstrative pronoun represents a thing or things: 1. near in distance or time (this, these) 2. far in ...
9/22/2014 10:34:55 AM| 2 Answers
In order to save fabric for the war, most men wore a
Weegy: In order to save fabric for the war, most men wore a "victory suit" User: Taken together, the growth of ...
9/22/2014 11:41:15 AM| 2 Answers
Which of the following is a nonrenewable ...
Weegy: COAL is a nonrenewable resource. User: Which of the following is true about glass recycling? a. Recycling ...
9/22/2014 11:55:18 AM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
P
C
L
Points 2487 [Total 26885]| Ratings 5| Comments 2437| Invitations 0|Online
S
L
1
L
P
C
1
Points 2252 [Total 8783]| Ratings 10| Comments 2152| Invitations 0|Online
S
L
C
P
C
1
L
L
P
C
1
Points 1935 [Total 17874]| Ratings 13| Comments 1805| Invitations 0|Online
S
L
1
1
1
1
L
1
L
Points 1915 [Total 11695]| Ratings 0| Comments 1915| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 1676 [Total 18848]| Ratings 6| Comments 1616| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 657 [Total 11903]| Ratings 0| Comments 657| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 583 [Total 19114]| Ratings 1| Comments 573| Invitations 0|Offline
S
L
Points 559 [Total 1229]| Ratings 0| Comments 559| Invitations 0|Offline
S
1
L
L
Points 451 [Total 5574]| Ratings 4| Comments 411| Invitations 0|Offline
S
Points 64 [Total 64]| Ratings 2| Comments 34| Invitations 1|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.