Question and answer
Question not found
Ask a question
Not a good answer? Get an answer now. (Free)
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
21,052,523 questions answered
Popular Conversations
The increase of trade in the global exchange led to _____________. a. ...
Weegy: The increase of trade in the global exchange led to Inflation. User: Workers in Europe suffered because ...
5/24/2015 12:10:52 AM| 1 Answers
Which of the following statements describes Europe’s middle class ...
Weegy: They enjoyed a comfortable life describes Europe s middle class during the 1500s and 1600s. User: The price ...
5/24/2015 12:14:57 AM| 1 Answers
Weegy Stuff
S
L
Points 706 [Total 1236]| Ratings 2| Comments 686| Invitations 0|Offline
S
Points 534 [Total 542]| Ratings 1| Comments 524| Invitations 0|Offline
S
1
Points 482 [Total 874]| Ratings 1| Comments 472| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
P
1
Points 248 [Total 8994]| Ratings 0| Comments 248| Invitations 0|Offline
S
L
P
Points 248 [Total 2725]| Ratings 0| Comments 248| Invitations 0|Offline
S
1
L
L
Points 67 [Total 8250]| Ratings 0| Comments 67| Invitations 0|Offline
S
Points 60 [Total 80]| Ratings 0| Comments 60| Invitations 0|Offline
S
L
Points 56 [Total 3810]| Ratings 2| Comments 36| Invitations 0|Offline
S
L
1
R
Points 32 [Total 1319]| Ratings 0| Comments 32| Invitations 0|Offline
S
Points 14 [Total 14]| Ratings 0| Comments 14| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.