“In fact, production theory is much simpler than consumption theory because the output of a production process is generally observable, whereas the “output” of consumption (utility) is not directly observable”. Explain this statement.

Answers

Answer 1

Answer:

Since the output of consumption is most likely waste it is hard to track where the waste is going. Whereas with production theory the output is the product which goes to the consumer. This is much more easy to observe and is therefore "directly observable."

Explanation:

Related Questions

Question 1 (1 point)
A ball rolling downhill has both potential and kinetic energy.

True

False

Answers

Answer:

True

Explanation:

Since the ball is rolling down the hill, it has kinetic energy. However, since it is also storing energy, it holds potential energy as well that is waiting to be used.

Test a claim that the mean amount of carbon monoxide in the air in U.S. cities is less than parts per million. It was found that the mean amount of carbon monoxide in the air for the random sample of cities is parts per million and the standard deviation is parts per million. At , can the claim be supported? Complete parts (a) through (e) below. Assume the population is normally distributed.

Answers

Answer:

any anwser choices

Explanation:

A box of nine iPhone 5C cellphones (the iPhone “for the colorful”) contains two yellow cellphones and seven green cellphones. (a) If two cellphones are randomly selected from the box, without replacement (the first cellphone is not returned to the box after it is selected), what is the probability that both cellphones selected will be green? (b) If two cellphones are randomly selected from the box, without replacement (the first cellphone is not returned to the box after it is selected), what is the probability that there will be one yellow cellphone and one green cellphone selected? (c) If three cellphones are selected, with replacement (the first cellphones are returned to the box after it is selected), what is the probability that all three will be yellow? (d) If you were sampling with replacement (the first cellphone is returned to the box after it is selected), what would be the answers to (a) and (b)? 3

Answers

On it uioooopliuiioiuyyukkppoloowp we o ok G G ooui a no saS as as sAqqa awe we e it

THIS IS AN ECONOMICS QUESTION

What are the two characteristics of public goods? Explain the significance of each for public provision as opposed to private provision of these goods. Using these ideas explain why the US Border patrol is supplied by the public sector while satellite TV is provided by the private sector.

Answers

Answer:

Key points. A public good has two key characteristics: it is nonexcludable and nonrivalrous. These characteristics make it difficult for market producers to sell the good to individual consumers. Nonexcludable means that it is costly or impossible for one user to exclude others from using a good.

Explanation:

THIS IS AN ECONOMICS QUESTION

When economists and policy makers talk about full employment, they do not mean 100 percent employment, rather they mean reaching a certain point that still leaves a portion of the labor force unemployed. Why is this the case and what are the kinds of unemployment that exist that do not allow us to reach 100 percent employment?

Answers

Employment cannot reach 100 percent because there is always unemployment. The kinds of unemployment that do not allow 100 percent employment are frictional, structural, cyclical and seasonal unemployment

Which behavior would best describe someone who has good communication skills with customers ? a) Following up with some customers b) Talking to customers more than listening to them c) Repeating back what the customer says d) Interrupting customers frequently

Answers

Your answer is (A) i.e Following up with some customers!!

Hope its beneficial ^•^

Answer:

I thought it was C)

Explanation:

to ensure what their saying

The valves in the heart open and close to move blood in between heart chambers. O a) three directions O b) two directions O c) four directions d) one direction

Answers

Answer:

d) one direction

Explanation:

The purpose of the various valves in the circulatory system is to keep blood flowing in one direction. The valve opens to allow blood flow one way, and closes to prevent blood flow the other way.

Hi,

The valves in the heart open and close to move blood in between heart chambers.

Answer:

d) one direction

pls help! I need the answer fast!

Answers

Answer:

12.6%

Explanation:

read

I want to help but I am not good at math but I think it maybe is 40% because if you have "10 and "4 thats 40 if you multiply it! Sorry if I am wrong!

The supreme choice pizza at Paolo's Pizzeria contains 3 different meats and 5 different vegetables. The customer can select any one of 4 types of crust. If there are 5 meats and 7 vegetables to choose from, how many different supreme choice pizzas can be made?

Answers

Answer:

840

Explanation:

There are [tex]{5 \choose 3} = 10[/tex] ways to pick the 3 meats, [tex]{7 \choose 5} = 21[/tex] ways to pick the 5 vegetables, and 4 ways to pick the crust.

Therefore, there are 10*21*4 = 840 different pizzas that can be made.

why and how do humans exist when (eventually) we're all just gonna die, either by mass extinction or we just... die out?

Answers

Answer:

The short answer is yes. The fossil record shows everything goes extinct, eventually. Almost all species that ever lived, over 99.9%, are extinct.

Humans have vulnerabilities. Large, warm-blooded animals like us don’t handle ecological disruptions well. Small, cold-blooded turtles and snakes can last months without food, so they survived. Big animals with fast metabolisms – tyrannosaurs, or humans – require lots of food, constantly.

So we’re vulnerable, but there are reasons to think humans are resistant to extinction, maybe uniquely so. We’re a deeply strange species – widespread, abundant, supremely adoptable – which all suggest we’ll stick around for a while

THIS IS A ECONOMICS QUESTION
True or False
A market system sees its primary economic goal the goal of equity.

Answers

Answer:

True

Explanation:

there are several goals but they could be summed up as the goal of equity.

Answer:

True

Explanation:

Which expression is equivalent to x2 - 12x + 11?
O (x+11)(x + 1)
O (x - 11)(x+1)
O (x + 11)(x - 1)
o (x - 11)(x - 1)

Answers

Answer: o (x - 11)(x - 1)

Explanation:

You can find two values that has a sum of -12 and a product of 11:

[tex]x^{2} -12x+11\\(x-11)(x-1)[/tex]

Or you can use the quadratic formula:

[tex]\frac{-b+-\sqrt{b^{2} -4ac} }{2a}[/tex]

Where:

a = 1b = -12c = 11

What are the best extracaricular activites to get selected in a top university ?

(By the way im indian )

Answers

Answer:

it kinda depends on what you want to do like some poeple focus on their interests while other focus on theitlr goals both are good though I would recommend your interests.

3 tips that would use to advise future students who are perparing for ACT

Answers

Answer:

1. Work questions out of order.

2.Tailor your strategy to each section of the ACT.

3.Build the right ACT prep plan for you

So sánh tư tưởng kinh tế và học thuyết kinh tế ?

Answers

Hoàn cảnh ra đời của các tư tưởng kinh tế trường phái ... sánh, tranh thủ các cơ hội để mở rộng thị trường tiêu thụ hàng hóa và dịch vụ;.

Dialogue between Michael and an educator about his lifestyle and his Choice of studying at an FET College and eating habits

Answers

Michael : Hello sir, I am interested in diploma for nursing and ward boy at FET college. What is the fee structure and duration?

Educator : Hello, I am glad to help you. The fee structure for the diploma is $1,250 per annum and it is a 2 year diploma which consists of 4 semesters.

Michael : I am currently able to save only $800 to $900 per annum. This fee would not be possible for me. Is there any discount available in the package you mentioned.

Educator : I can only give you maximum discount of 10% if you pay complete fee in advance.

Michael : I will have to change my lifestyle in order to save more money for my studies or else I will have to look for some part time work and earn extra money for this course.

Educator : This is one time investment in your career. Once you complete your diploma, you can then earn handsome salary.

Learn more at https://brainly.com/question/24312569

..but as he drove his lance-point into the sail the wind whirled it round with such force that it shivered the lance to pieces, sweeping with it horse and rider, who went rolling over on the plain, in a sorry condition.

Which definition matches the use of the word shivered in in the excerpt?

A. Stuck
B.Swung
C.Splintered
D. Surrenderd

Answers

Answer:

I'm aware there are multiple definitions to all of these words but I beleive that in the context given, splintered (C) is the correct answer.

Explanation:

Stuck= push a sharp or pointed object into or through (something)

Swung=move or cause to move back and forth or from side to side while suspended or on an axis

Splintered=break or cause to break into small sharp fragments.

Surrendered=cease resistance to an enemy or opponent and submit to their authority.

Key phrase:"shivered the lance to pieces"

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