In the end firms allocate scarce resources toward the, Ask an Expert

Economics

In the end, firms allocate scarce resources toward the production of goods and services most valued by society because: a) the opportunity costs of not producing those goods become too high. b) managers are benevolent. c) government regulations. d) None of the above statements are accurate.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91845126

Have any Question?Write your Review or question?

Related Questions in Business Economics

According to a january 2013 survey by the pew research

According to a January 2013 survey by the Pew Research Center, the percentage of Americans who trust the government in Washington has decreased steadily since Bill Clinton left office.6 Today, approximately 30% of Americ ...

A random sample of 87 eighth grade students scores on a

A random sample of 87 eighth grade? students' scores on a national mathematics assessment test has a mean score of 278. This test result prompts a state school administrator to declare that the mean score for the? state' ...

A student is gathering data on the driving experiences of

A student is gathering data on the driving experiences of other college students. One of the variables measured is the type of car the student drives. These data are coded using the following method: 1 = subcompact, 2 = ...

Currently fringe benefits make up about 30 of us workers

Currently, fringe benefits make up about 30% of U.S. workers' total compensation. Suppose the U.S. government decides to tax fringe benefits as ordinary income. How might this affect the level of fringe benefits as a sha ...

Consider a market in which the government imposes a price

Consider a market in which the government imposes a price ceiling. Assume that neither supply nor demand is perfectly elastic nor perfectly inelastic. Which of the following groups will always gain from a price ceiling? ...

Soma needs loan from para soma needs 14400 and para agreed

Soma needs loan from Para. Soma needs $14,400 and Para agreed to lend the $14,400 if Soma makes one payment to Para in the amount of $18,000, to be paid four months from now. What is the EAR on this loan?

The police lieutenant in charge of the traffic division

The police lieutenant in charge of the traffic division reviews the number of traffic citations issued by each of the police officers in his division. He finds that the mean number of citations written by each officer is ...

A single card is randomly drawn from one standard 52-card

A single card is randomly drawn from one standard 52-card deck of playing cards, and events C and D are as follows: C=the card drawn is a king; D-the card drawn is a heart. Find the probability of event C or event D occu ...

1 dominos pizza is willing is willing to pay kes 250 in

1. Domino's pizza is willing is willing to pay Kes 250 in airtime to each person interviewed about his or likes and dislikes of types of pizza crust. Of the people interviewed, 220 liked a thin crust, 270 like a thick cr ...

How the manager use the information supposed the

How the Manager use the information "supposed the macroeconomic forecast predict that the economy will be expanding in the near future" in an organization?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert