It has been demonstrated that a competitive market economy allocates resources efficiently. Specifically, in a competitive equilibrium, all opportunities for additional gain have been exhausted so that no individual can be made better off without making another individual worse off. Economists often argue that economic efficiency can be improved if prices that are set by non-market forces are set so that higher prices are charged for relatively overutilized resources.
Which of the following is an example of how a price system can be manipulated to promote efficiency?
A) Price supports can be used to make sure domestic sugar producers stay in business.
B) The price for admission to a national park can be increased during peak times to limit overuse of the park.
C) Rent control can be used to ensure affordable housing in cases when the market price is too high.
D) United Airlines can charge one price for a flight to and from anywhere in the United States, regardless of the actual cost.

Answers

Answer 1

Answer: B) The price for admission to a national park can be increased during peak times to limit overuse of the park.

Explanation:

In line with the rules of Supply and Demand, if a resource is in high demand, there should be a higher price associated with it to reflect its relative scarcity in relation to demand. If a resource is being overutilized (in demand) therefore, it would make sense that it gets a higher price.

This is the case with the national park during peak times. At this time there are quite a lot of people in it and this means that it is being overused. In such times, the entrance fee should increase to reflect that the demand is quite high and to limit the overuse of the park.


Related Questions

PLEASE do your best on these questions, it’s 75% of my grade

Answers

Answer:

C

Explanation:

Im pretty sure its C. Everyone has to sign a lease when renting something

C it’s mandatory to be on a lease for a apartment or house

A manufacturer of clothing apparel currently sells its products at Neiman Marcus and Dillard's. A new survey shows that a majority of its customers now expect to find its products at Neiman Marcus, Macy's, and Saks Fifth Avenue, but relatively few customers expect to find the products at Dillard's or Marshalls. If the manufacturer acts on its customers' expectations, what action would it take in regard to its retail partnerships?

Answers

Answer:

This manufacturer should have to take the option of dropping Dillard's and including Macy's and Saks Fifth Avenue.

Explanation:

When manufacturers produce, they do so for the sake of gains and profits. A larger market provides bigger profits compared to a smaller one.

This question tells us that this manufacturer has a greater number of customers looking to get there products at Neiman Marcus, Macy's, and Saks Fifth Avenue. So since these places would provide him a bigger market, so he should partner with these retail markets (Neiman Marcus, Macy's, and Saks Fifth Avenue) and drop the market with just few customers (dillards).

A company takes out a loan for $5 million, which it has to pay back in five years, and it has to pay interest at the end of every year. The interest rate is 5.5%. • How much interest does the company have to pay every year?

Answers

Answer:

the interest that need to pay each year is $275,000

Explanation:

The computation of the interest that have the company to pay every year is shown below;

= Principal × rate of interest × time period

= $5,000,000 × 5.5% × 5

= $1,375,000

Now for each year it is

= $1,375,000 ÷ 5 years

= $275,000

Hence, the interest that need to pay each year is $275,000

When using your debit card, ask your bank to block any --------- on your account.

Answers

Answer:

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Explanation:

________Accounts are accounts of People or business entities.
O Nominal
O Real
OPersonal
O Static

Answers

Answer:

REAL

Explanation:

i’m pretty sure it’s real

15) Find the three consecutive even numbers whose sum is 36.
3y
16) Find y:- 8 = 1​

Answers

Answer:

Q)15: y=4 Answer

Q16): y=7 Answer

Explanation:

Q15:                                                Solution:

1st even consecutive number= y

2nd even consecutive number= y+2

3rd even consecutive number= y+4

y+y+2+y+4

2y+2+y+4

4y+y+4

5y+4

9y=36

9y/9=36 (9y divided by 9 with both side Left side and also right side and 9 and 9 will cut. Now y is left)

y=36/9 (Now divide the 36 with 9)

y=4 Answer

Q16).                                           Solution:                                                              

The equation is y-8 = 1 (Now we have to shift the 8 into left hand side).

y=8-1 (Now we have to minus the 1 from 8).

y=7 Answer

Please mark me as a brainlist.

Thank You

In your own words, what is a franchise?




List 3 examples of franchises

1.

2.

3.




If you had to open a franchise and money was not an issue, which franchise would you choose and why?




Where would you open the franchise? Cleburne? In Texas? Where?

Answers

Answer:

an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products.

1.Restaurants,

2.hotels,

3.resorts

hotel, because In the case of a hotel franchise, the franchisor is going to be a hotel brand, such as Hyatt, Hampton, or Sheraton, to name a few.

Answer:

I would choose the Franchise Dunkin Donuts since many people get hungry in the morning. And since plenty of people work in the day times. It would be a mastermind full proof plan of sweet success.

Explanation: I eat books

Doris put in $4000 in a 2-year CD paying 6% interest and being compounded monthly. What will her balance be after 2 years

Answers

Answer:

$4508.64

Explanation:

The formula for calculating future value:

FV = P (1 + r/m)^mn

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

m = number of compounding = 12

$4000 x (1 + 0.06 /12)^(2 x 12)

$4000 x 1.005^24

= $4,508.64

4508.64

Answer:

$4,261.93

Explanation:

It is the correct answer for the quiz. Full question by the way is "Doris put $4000 in a 5-year CD paying 6% interest compounded monthly. After 2 years, she withdrew all her money, and as an early withdrawal penalty, she paid back all interest she made during the first year. How much money was Doris left with?"


9. If you found that you were in financial trouble because of credit and had great difficulty paying your monthly bills, what would you do?

Answers

Answer:

You would have to cut down on some luxuries, like lots of foods, amusement parks, shopping trips, etc. If you have have extra hours, work more hours, quite possibly take another job.

Explanation:

WILL MARK BRAINLIEST!

Edgar needs to close out $670 in the dividends account at the end of the year. What closing entry will he use?

A. Income summary (debit) 670; Dividends (credit) 670

B. Retained earnings (debit) 670; Dividends (credit) 750

C. Dividends (debit) 670; Income summary (credit) 750

D. Revenue (debit) 670; Dividends (credit) 670

E. Cash (debit) 670; Dividends (credit) 670

Answers

Answer:B

Explanation: pay attention

With reference to above statement,how would sustainable consumption and production impact the society?​

Answers

I don’t know the answer but you may find it here

https://sustainabledevelopment.un.org/topics/sustainableconsumptionandproduction/decisions

_____ and _____________ are critical, and needs to be built into the overall process of relationship

Answers

Answer: The options related to your question is missing hence i will provide you with a general answer on process of relationship

answer : wholehearted love and  Decision are critical

Explanation:

The overall process of any kind of relationship passes through five specific stages and each relationship passes through these stages repeatedly . the stages are ; The merge stage , doubt stage , disillusionment , decision and love ( whole hearted )

Jillian is a high school student who typically earns $275 every two weeks 1 point at her part-time job. She is responsible for paying her own cell phone bill, gas when she drives her mom's car, and costs of going out with friends. She wants to set a low balance alert. What amount probably makes the most sense for Jillian?

A - $50

B - $ 5

C - $500

D- &5000

Answers

$500 makes the most sense for Jillian. C.$500

The amount that makes the most sense for a low balance alert is A. $50

Jillian earns around:

= 275 * 2

= $550 a month

Out of this $550, she will have to pay for:

her cellphone billgas when she drives her mother's car and cost of going out

Those costs in a month will definitely put in dent in her account by a couple of hundreds so it would be best if her low balance alert is $50 because if she sticks to her budgeted expenses, she should be above this amount monthly.

In conclusion, having a low balance alert of $50 makes the most sense for Jillian.

Find out more at  https://brainly.com/question/17866882.

The subject line in an email helps the recipient decide which messages to read and ______________ to read them.

Answers

Answer:

Is it The email subject line helps recipients decide which messages to read and when to read them

Explanation:

It makes the most sense

What is a credit card?

Answers

girl? :D

A credit card is a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt

It’s a card you make payments off of

1, xyz company cost function for the next four month is cost =500000+5Q A, find the BE dollar volume of sale is the selling price is birr 6/unit B, what would be the company cost is it decides to shutdown operation for the next four month

Answers

Answer:

Break Even point Q = 500000

Shut Down Point P < 5

Explanation:

Break Even point is where Total Revenue = Total Cost.

Total cost = 500000 + 5Q, price = 6 (Given) , Total revenue = Price x quantity  

So, TR = TC implies : 500000 + 5Q = 6Q → 500000 = 6Q - 5Q

Q = 500000

Shut Down Point is where firm's Price is < its Average Variable Cost .  

AVC is the variable cost on per unit output, is found out by average of variable component of cost function. C = 500000 + 5Q implies variable cost = 5Q , so AVC = 5Q / Q = 5

So, the firm would shut down if its price would go below AVC , ie if P < 5

QUESTION 2 of 10: Your Maitre'd's starting salary is $38,000/year. You have promised her an 8% raise per year for her first 5 years. What yearly salary be after 5 years? a) $23,725 b) $42,114 c) $49,189 d) $55,834​

Answers

Answer:

D) 55,834

Explanation:

A worker has been struggling at her job. She has worked long hours for the
past few weeks because she refuses to let other people complete important
tasks on a project. She has also upset many of her coworkers for not giving
them a chance to do those important jobs.
Which skill should this worker strive to improve to be more successful?
A. Follow workplace rules
B. Work well with others
C. Be on time
D. Communicate effectively
SUBMIT

Answers

She should follow workplace rules to improve to be more successful. Thus, option A is correct.

Why workplace rules are important?

The company's policies also place restrictions on the personnel. The company's policies and guidelines specify what employees are expected to do and what they are not expected to do. Therefore, it is crucial that everyone abides by the law because doing so will enable you to understand when you can and cannot work.

All organizational levels have set boundaries, and these boundaries also provide repercussions that are beneficial to the long-term success of the company and its personnel. If there is a need for change inside the organization, the rules and procedures also aid in bringing that change about. By comparing the old policies and practices, the company makes modifications.

Therefore, we can conclude that option A is correct.

Learn more about workplace rules here:

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Discuss whether or not growth of an industry will increase the profit earned by the firms in the industry.

Answers

Answer: Definitely, the larger the market, the larger the demand, the higher the profit. In some cases where the market is large, the producers may not meet up on some occasions, this make other producers to actually increase their profit margin based on they have to increase production.

Explanation:

Industries have their various activities, competition, customers (both prospective and existing). A growth in industry would mean that there is a larger demand for what is been sold in that industry, and when the demand is high, their would be lack, which would create that gap and allow marketers or producers get more profit, based on the high demand now. Definitely, the larger the market, the larger the demand, the higher the profit. In some cases where the market is large, the producers may not meet up on some occasions, this make other producers to actually increase their profit margin based on they have to increase production.

Adam borrowed money to buy a new car. The bank has a lien on the car. What could happen if Adam doesn't make his payments on time.

Answers

Answer: The bank could sell the car.

Explanation:

A lien refers to a claim against an asset which is used as a collateral in order to satisfy a debt.

Since we are informed that Adam borrowed money to buy a new car and that the bank has a lien on the car, in a situation whereby Adam doesn't make his payments on time, the bank can end up selling his car and use the fund to settle the debt that he owes.

20 points Match each of the following amounts to appropriate economic item.

1. 3.3 trillion

2. 1.1 trillion

3. 28 trillion

a. total expenditures
b. national debt
c. current deficit
d. spending on defense
e. spending on income security

Answers

Answer:

ɪ ᴅᴏɴᴛ ᴋɴᴏᴡ

ᴛᴀᴍᴏᴅ ᴛᴀᴍᴏᴅ ᴛᴀᴍᴏs

What will be the end result for the taxpayer who filed his federal income tax
return using the 1040EZ form shown below?

Answers

Answer:

I got " He Will Owe $180

Explanation:

A P E X

Answer: he will owe 250

Explanation:

MARKING BRAINLIEST IF RIGHT, NO ABSURD ANSWERS!
1.) Which of the following items is not required by a financial institution to open an account?

A.) picture identification

B.) Social Security number

C.) proof of U.S. citizenship

D.) a physical address

Answers

Answer:

C.) proof of U.S. citizenship

Explanation:

Some requirements for opening a bank account may include: At least two forms of government-issued photo identification, such as a valid driver's license or passport. Social security number or individual taxpayer identification number. Utility bill with current address information.

Answer:

c

Explanation:

Some requirements for opening a bank account may include: At least two forms of government-issued photo identification, such as a valid driver's license or passport. Social security number or individual taxpayer identification number. Utility bill with current address information.

If you believe in the ________ form of the EMH, you believe that stock prices reflect all relevant information including historical stock prices and current public information about the firm, but not information that is available only to insiders.A. semistrongB. strongC. weakD. semistrong, strong, and weakE. hard

Answers

Answer:

A)semistrong

Explanation:

As regards to finance, the efficient-market hypothesis known as "EMH"

gives assertion that financial markets can be regards as "informationally efficient. ”

The EMH three forms which are:

1)weak

2) semi-strong

3)strong

it gives evaluation of the influence that MNPI(material Nonpublic Information ) has on market prices. It explains that when markets are efficient then the current prices reflect all information.

Semi-strong-form give a claim that prices gives reflection of all publicly available information, it also claims that

that prices instantly change to to gives a reflection of new public information.

The weak-form gives a claim that prices that is on traded assets such as bonds or stock gives reflection of

all publicly available information in the past . It should be noted that If you believe in the semistrong form of the EMH, you believe that stock prices reflect all relevant information including historical stock prices and current public information about the firm, but not information that is available only to insiders.

Types of services that are most commonly exported by the United States include each of the following except:
A. police services,
B. financial services
C. medical services.
D. entertainment services.

Answers

D. entertainment services.
The answer is letter D

2. A closer estimate of the total cost can be made by including the estimated sales tax. Use a formula to calculate the estimated cost for July 2014 using 7% sales tax. Then, write the formula you used and the estimated cost in the cell below. Hint: Convert 7% into a decimal for the formula.

Answers

Answer: Hello  your question has some missing details hence I will provide an answer based on the general scope of your question

answer ; =([Cost] * 1.07)

Explanation:

Assuming the table heading for estimated cost in July 2014 is named "Cost"

Total estimated cost

Total =  Cost * ( 1 + Sales Tax )

         = Cost * ( 1 + 0.07 )

         = Cost * 1.07

Excel  equivalent formula used that can be used  = ([Cost] * 1.07)

Describe at least three things you could do to prepare for giving an effective and engaging business presentation

Answers

Answer:

An effective business presentation can be given by using these three formulas :

1.Know what you're talking about and be ready to answer inquiries about it.

2. Rehearse your speech until you become comfortable with it.

3. Get lots of rest the evening beforehand and also have a modest meal on the morning of the event.

Explain why the bank has asked to see your business financial records?​

Answers

Answer:

They might be looking for a higher level of comfort as the loan exposure grows,

Explanation: None

Charitable donations, entertainment expenses, and
financial goals are all examples of...
things to consider when creating a budget.
things that are considered needs.
activities that contribute to overspending.
activities that are necessary for a healthy lifestyle.

Answers

Answer: Things to consider when creating a budget.

Explanation: Trust me bro

Giving donations, entertainment costs, and financial goals are all examples of the things to consider when creating a budget. As donation and entertainment expenses can be the measures to control the budgeting.

How making budget is helpful?

Budget keeps the person spending tightly accurate to the mark and like to help in saving of the money. It facilitates the person income and expenses equally and shows how much person can spend on the specific thing.

Budget cuts the extra expenses of the person and provide the measurement of spending.

Thus, option A is correct.

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What would you do if you were offered a promotion that you were not certain about accepting? What factors would you take

Answers

Answer:

There are several factors to consider when accepting a new job offer. It is necessary to analyze whether the working conditions are in accordance with your expectations and career plan.

It is important to consider the roles and responsibilities of the position that you may assume, analyzing the job's assignments will give you a margin to consider whether the job offer is in line with your profile. It is also important to analyze the remuneration and benefits package offered to the position, as this can be advantageous and will influence your choice of accepting or not the offer.

Finally, it is important to analyze whether the offer is an opportunity that will contribute to your personal and professional growth, as in the work environment, there will always be new challenges that will be positive for the development of new skills and knowledge.

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