What is allocative efficiency? How is a company that builds a high speed train from one...
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When there is an allocative efficiency in market it implies that marginal utility is equal to the marginal cost of production which is a way of saying that resource wastage is minimised and social surplus is maximum. Commuting from one place to another in was an opportunity cost of travelling as well as of time. A reduction in the travelling time is also a reduction in its opportunity cost which can be the lost earnings. Any technology that reduces the travelling time will be considered allocatively efficient because it will be increasing social surplus. Due to this reason the company that builds the high speed train is an example of allocative efficiency because it is able to reduce the travelling time and hence the resource wastage, thereby increasing social surplus.
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What is allocative efficiency? How is a company that builds a high
speed train from one...
How is a company that builds a high speed train that goes from one state to...
How is a company that builds a high speed train that goes from one state to another an example of allocative efficiency?
Explain how a perfectly competitive market causes allocative efficiency to occur. What is the mathematical requirement...
Explain how a perfectly competitive market causes allocative efficiency to occur. What is the mathematical requirement for allocative efficiency? Why is this requirement met in perfect competition and in no other market structure?
A high-speed bullet train accelerates and decelerates at the rate of 10 ft/s2.
A high-speed bullet train accelerates and decelerates at the rate of 10 ft/s2. Its maximum crusing speed is 120 mi/h.(a) What is the maximum distance the train can travel if it accelerates from rest until it reaches its cruising speed and then runs at that speed for 15 minutes? (b) Suppose that the train starts from rest and must come to a complete stop in 15 minutes. What the maximum d istance it can travel under these conditions? (c) Find the minimum...
Opportunity Cost, Scarcity, Production Efficiency, Allocative Efficiency, Incentives, Human Capital, Specialization, and Comparative Advantage General Instructions:...
Opportunity Cost, Scarcity, Production Efficiency, Allocative Efficiency, Incentives, Human Capital, Specialization, and Comparative Advantage General Instructions: Choose one concept from the list above, and write a paper a 350 to 500 word paper (350 words, is the absolute minimum) in which you state a response to the following prompt "Before participating in the Graded Discussion 1, I thought about (one of the concepts from the list) in this waynow I think..." You are free to organize and arrange your sentences...
Does the monopolistically-competitive firm achieve productive and allocative efficiency in the long run? How does this...
Does the monopolistically-competitive firm achieve productive and allocative efficiency in the long run? How does this affect consumers in the market? How might this be different from perfect competition in the long run?
Amy gets on a high speed train that is sitting in the station. As it starts...
Amy gets on a high speed train that is sitting in the station. As it starts to accelerate at a constant rate out of the station, Amy watches a cord with a small mass on the end that is hanging from the ceiling make a 22◦ angle with respect to the vertical. If the train has a constant acceleration for 20s before reaching a constant velocity, what is the speed of the train on her trip (i.e., the velocity reached...
A stone falls from a railroad overpass which is 36 ft high into the path of a train which is approaching the overpass with a uniform speed
A stone falls from a railroad overpass which is 36 ft high into the path of a train which is approaching the overpass with a uniform speed. If the stone falls when the train is 50 ft away from the overpass and the stone hits the ground just as the train arrives at that spot, how fast is the train moving?
The Taiwan high Speed Train travels at 300 km/h. How fast are the tops of its...
The Taiwan high Speed Train travels at 300 km/h. How fast are the tops of its wheels travelling. The answer is 600 km/h ,why?
Two trains on separate tracks move toward one another. Train 1 has a speed of 110...
Two trains on separate tracks move toward one another. Train 1 has a speed of 110 km/h, train 2 a speed of 85.0 km/h. Train 2 blows its horn, emitting a frequency of 500 Hz. What is the frequency heard by the engineer on train 1? (Assume the speed of sound is 345 m/s.)
6. The state of California is considering a Bullet Train (high speed rail) between LA and...
6. The state of California is considering a Bullet Train (high speed rail) between LA and San Francisco. The initial cost of the train will be $80 billion with ongoing maintenance of $1 billion per year. In addition, there will be a $20 billion overhaul that will occur every 10 years. The ongoing benefits from paid ridership and increased economic activity will be $9 billion annually. Assume the life of the project is forever infinite), and the required return is...
Opportunity Cost, Scarcity, Production Efficiency, Allocative Efficiency, Incentives, Human Capital, Specialization, and Comparative Advantage General Instructions: Choose one concept from the list above, and write a paper a 350 to 500 word paper (350 words, is the absolute minimum) in which you state a response to the following prompt "Before participating in the Graded Discussion 1, I thought about (one of the concepts from the list) in this waynow I think..." You are free to organize and arrange your sentences...
6. The state of California is considering a Bullet Train (high speed rail) between LA and San Francisco. The initial cost of the train will be $80 billion with ongoing maintenance of $1 billion per year. In addition, there will be a $20 billion overhaul that will occur every 10 years. The ongoing benefits from paid ridership and increased economic activity will be $9 billion annually. Assume the life of the project is forever infinite), and the required return is...
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