0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is one country of comparative advantage in the production of a certain good?
It has a lower opportunity cost for production of that good.
What is. Critical in determining wheat-er something is produced as a public good?
When determining whether something should be produced as a public good there are a few key criteria that must be taken into consideration: Costs of production Benefits of production Availability of substitutes Existence of external costs and benefits The incentives of those producing the good The incentives of those consuming the goodThe costs of production are important to consider because they determine the amount that could be charged to consumers and how much of the good can be produced. The benefits of production must also be taken into account because they show the overall value of the good to society. The existence of substitutes is important as this affects the degree to which the good is considered a public good. External costs and benefits are also important to consider as these can affect the incentives for both producers and consumers. Finally the incentives of producers and consumers must be taken into account to ensure that the good is produced in the most efficient way possible.
Why payroll system is important?
A smooth running payroll system is integral for any good business. Having an effective payroll has a major effect on the morale of the company.
What is surplus production?
Surplus production occurs when too much of a good is produced. Supply then outweighs the demand.
Is the outward curve of the production possibilities curve good or bad?
it really good
Where should solar energy panels be positioned to facilitate effective energy production?
In the sun is a good place.
Why is effective communication important for the salon business?
why is communication important in a business environment
How does cholesterol benefit the body?
On the good side, cholesterol plays important roles in the structure of cells and in the production of hormones.
What was the Production Budget for Good?
The Production Budget for Good was $16,000,000.
What is the importance of having a good relationship between the production department and the logistics department?
Good relationship will ensure that all communications are done respectfully and on time. It will also ensure that service or product delivery is effective.
Why is communication important in good relation and effective management?
Communication is important in good relation and effective management because as a supervisor you need to be able to listen to what your coworkers have to say, for ideas or ways to improve their working conditions, and also you need to be able to get across what you would like to have them do. If there is no communication it just results in frustration.
Why is an undifferentiated marketing strategy good?
The benefit of an undifferentiated strategy is that it is cost-effective because a narrow product focus results in lower production, inventory, and transportation costs
What ability is a key to effective leadership?
There are many abilities and personal characteristics that make a good, effective leader. The most important is the ability to lead by example. If you do not do that, you will lose the respect of those you are leading. After all, how can you expect anyone to do what you do not do yourself? Leading by example encompasses most other traits that are important for effective leadership.
Is folate a mineral or a vitamin?
Actually, folate is a vitamin and is very good for you. It is essential for the production and maintenance of cells in the body. It is highly important for children and pregnant mothers for its role in cell production.
Is folate a vitamin or mineral?
Actually, folate is a vitamin and is very good for you. It is essential for the production and maintenance of cells in the body. It is highly important for children and pregnant mothers for its role in cell production.
What is one country of comparative advantage in the production of a certain good?
It has a lower opportunity cost for production of that good.
What was the Production Budget for As Good as it Gets?
The Production Budget for As Good as it Gets was $50,000,000.
