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3 years ago

Explain in your own words how traffic congestion leads to allocative inefficiency.

Business

1 answer:

vlabodo [156]3 years ago

7 0

Answer:

Wear and tear on vehicles leads to more recurrent replacements and repairs.

Explanation:

Traffic congestion can occur as a result of a lack of road capacity.

The causes of traffic congestion include overpopulation, frequent use of private cars, and inadequate public transport.

Traffic congestion may slow down the growth of metropolitan cities.

It also formulates economic geographies.

Wear and tear on vehicles leads to more recurrent replacements and repairs.

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The demand curve faced by a nondiscriminating pure monopoly is _____.

seraphim [82]

Answer: The same as the industry's demand curve

Explanation:

The demand curve faced by a non discriminating pure monopoly is same as the industry demand curve as, the monopoly facing the demand curve of the industry in the form of the downward sloping demand curve so that the monopolist increased its output demand. A non discriminating monopolist determined the demand curved and ultimately determined the price which are willing for pay.

7 0

3 years ago

WILL GIVE BRAINLY!!!!!!!!!

AveGali [126]

Answer:

price acts as an incentive to consumers and producers. highest (lowest ) prices to obtain consumer to give up more good consumers react to changing price alternative by stopping the quantity of goods demanded

8 0

3 years ago

Explain at least two elements of the free enterprise system here in the U.S.

Andreas93 [3]

Answer:

1. Private ownership of factors of production

2. Freedom to engage in commercial activities

Explanation:

<u>1. Private ownership of factors of production</u>

In the US, individuals and firms are allowed to own properties. A significant percentage of the factors of production are in the hands of the private sector. Firms and individual influences the production of goods and services because they allocate resources to meet market demand.

<u>2. Freedom to engage in commercial activities</u>

Entrepreneurs have the freedom to choose the type of business they want to start. They can also select the location and the time they want to operate. There are no upper limits to firms that can participate in the market. Consumers are free to choose their suppliers. The market presents a variety of goods and services to consumers to pick from.

4 0

3 years ago

A boycott occurs when workers collectively refuse to go to work.

nikitadnepr [17]

When workers refuse to work its called boycotting

3 0

3 years ago

You lend a friend $, which your friend will repay in equal annual end-of-year payments of $, with the first payment to be r

Vadim26 [7]

Answer: 18%

Explanation:

The payments that your friend will make are an annuity as they are constant. This means that the loan amount of $15,000 is the present value of the annuity.

To find the rate of return, use the factor tables.

Present value of annuity = Annuity * Present value interest factor of annuity, 14 years, ?%

15,000 = 3,000 * Present value interest factor of annuity, 14 years, ?%

Present value interest factor of annuity, 14 years, ?% = 15,000 / 3,000

Present value interest factor of annuity, 14 years, ?% = 5.0

Go to the present value of annuity factor table and find out what interest rate intersects with 14 periods such that the factor is 5.0.

That rate is 18%.

Rate of return is therefore 18%.

6 0

3 years ago