Answer:C
Explanation: this quantity is allocatively inefficient because the marginal cost of producing the last lawnmower exceeds the marginal benefit to consumers.
Answer:
Mike's return for the net worth of the year is 22.00%
Explanation:
Total Net Worth = Assets - Liabilities
In the start,
• Net Worth = 600,000 - 200,000 = 400,000
At end of year,
• Net Worth = 700,000 - 180,000 = 520,000
The Contribution made (During the year) = 27,000 + 5,000 = 32,000
Therefore,
Return on the Net Worth = ( 520,000 - 32,000 ) / 400,000 - 1 = 22.00%
Answer:
monopolist
Explanation:
Monopolistic competition is a kind of imperfect competition in which specific person or enterprise is the only supplier of a particular commodity.
A monopolist is not very much concerned about the product as customers have no alternatives but to buy that product.
Also, he can change the price or quantity of the product as in an industry he is a single seller .
In the given question, it's given that There is often only one provider of cable television services in each region of the country: Time Warner is in New York, Comcast is in most of New England, and so forth.
So, it would have caused Comcast to become an overly large <u>monopolist</u> with too much power if it buys Time Warner.
The government is responsible for managing the economy. If the economy were run with a strictly Keynesian point of view.
The theory of John Maynard Keynes, known as Keynesian economics, revolves around the idea that governments must play an active role in their countries' economies, rather than simply allowing them to be governed by free markets. increase. Keynes in particular advocated federal spending to mitigate cyclical downturns.
Government (1) provides the legal and social framework within which the economy functions, (2) maintains competition in markets, (3) provides public goods and services, (4) redistributes income. , (5) compensates for externalities, and (6) take certain steps to stabilize the economy.
Keynesian economists justify government intervention through a public policy aimed at achieving full employment and price stability.
Learn more about Keynesian at
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Answer:
- No job uses more than one machine simultaneously
.
-
No machine processes more than one job simultaneously.
- Only 3 hours will be needed to complete the jobs.
Explanation:
However, Job 2 can be completed at time 3 which is late by 1 hour.
Suppose that the processing times are exponentially distributed.
Let
- The processing rate of job j on machine 1
- The processing rate of job j on machine 2
Expected make span is minimized by processing the jobs in the descending (high to low) order of processing
Make span is the completion time of the last job processed. Although make span is defined as a completion time of a job, it actually measures how long the production facility should remain open.
