This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Define the process of queuing. What will be an ideal response?[br][br][b][color=#A83E49]Question ... (Read 91 times)

clmills979

  • Hero Member
  • *****
  • Posts: 551
on: Jun 29, 2018
Define the process of queuing.
 
  What will be an ideal response?

Question 2

Define the utility possibilities frontier. Explain what it means when society is inside the utility possibilities frontier. Explain what it means when society is on the utility possibilities frontier.
 
  Explain what determines the point that society arrives at on the utility possibilities frontier.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Laurenleakan

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jun 29, 2018
Answer to Question 1

Queuing is the process of waiting in line as a means of distributing goods and services: a non-price rationing mechanism.

Answer to Question 2

The utility possibilities frontier is a graphical representation of a two-person world that shows all points at which A's utility can be increased only if B's utility is decreased. A point inside the utility possibilities frontier is inefficient, because at that point it would be possible to make both people better off. A point on the utility possibilities frontier is efficient. The point on the utility possibilities frontier that society arrives at is determined by the individuals' initial endowments of wealth and skills.


clmills979

  • Member
  • Posts: 551
Reply 2 on: Jun 29, 2018
Wow, this really help

hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

A Summary of the Star Formation Process A Summary of the Star Formation Process
The oxygen sensor provides a quick response at the stoichiometric air–fuel ratio of 14.7:1. The oxygen sensor provides a quick response at the stoichiometric air–fuel ratio of 14.7:1.
How to calculate regular payments or deposits using the annuity formula (Question 1) How to calculate regular payments or deposits using the annuity formula (Question 1)
Math question Math question
economic question economic question
Light Blue Eye Color Light Blue Eye Color
Video: Depolarization of the SA node, Action potentials of the myocardium & ANS effects

For a complete list of videos, visit our video library