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Author Question: List some types of non-price rationing systems. What will be an ideal ... (Read 28 times)

Jkov05

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on: Jun 29, 2018
List some types of non-price rationing systems.
 
  What will be an ideal response?

Question 2

Refer to Table 2-2. Assume Billie's Bedroom Shop only produces pillows and blankets. A combination of 5 pillows and 21 blankets would appear
 
  A) along Billie's production possibilities frontier.
  B) inside Billie's production possibilities frontier.
  C) outside Billie's production possibilities frontier.
  D) at the vertical intercept of Billie's production possibilities frontier.


Pswine

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Reply #1 on: Jun 29, 2018
Answer to Question 1

(1.) Queuing.
(2.) Favored customers.
(3.) Rationing coupons.

Answer to Question 2

B


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