The real costs of transporting goods and people have declined substantially over time.  What impact do lower transportation costs have on the market power of individual producers?  Has the internet had a similar effect?  If so, how?

Q: different societies require different amounts of societal resources

A: Societal resources- The resources that are related to the society.

Q: What is one industry, firm, or product that has disappeared from the market as a result of…

A: Creative destruction describes the intentional destroying of laid-out processes to clear a path for…

Q: Why are individuals, businesses , and countries force to weigh the benefits and costs of their…

A: Firms, individuals, and countries need to analyze the cost-benefits of their decision. Before…

Q: View a video conference from YouTube titled: “A Conference Call in Real Life by Tripp        and…

A: Introduction: A video telephone call is a correspondence way that at least two people or…

Q: How does economic course differ from energy economics? a. Energy is relatively scarce unlikely…

A: Energy economics is an expansive logical branch of knowledge which incorporates points connected…

Q: Are goods developed by the military like roads, factories and new technology for communications an…

A: The economics as a study is based upon the idea that resources which each economy have are limited…

Q: Smart and sustainable technologies are often criticized for being too energy-, efficiency-,…

A: A developed urban region that generates sustainable economic development and a high quality of life…

Q: explain the expected impact on output, price level, and employment if new government regulations…

A: Employment is the connection between the employee and employer where the employee gets paid for his…

Q: In 2013, Cher sold her Malibu Mansion for $45 million (Links to an external site.). It was…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: what is the impact of digital technological developments on retailing, the supply chain and stock…

A: As the businesses around the world have gone digital there's been experienced a lot of changes in…

Q: How does shielding employees and suppliers from business risk help to improve economic outcomes? Who…

A: The procedure of safeguarding workers from the risk assist/helps an investor to obtain the suppliers…

Q: Provision of higher education is costly. At the tertiary level, specialised knowledge is required to…

A: In economics, education is considered as one of the factors of labor productivity because education…

Q: Does energy independence increases or decreases scarcity.

A: Scarcity: The word scarcity refers to the situation when the availability of resources is not…

Q: Apple Computer and Toyota Motors do not allocate goods and services within their organizations with…

A: The companies involved in central planning generally those who do have the brand value and the…

Q: A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu…

A: In a market, a producer uses various techniques to understand the purchasing behavior of the people…

Q: Crop Insurance in the Philippines Only a few farmers are able to pay their loans every time their…

A: Crop Insurance Crop insurance is a sort of insurance that protects agricultural producers against…

Q: Case study 1.7: Electricity generation Here and now Distributed power generation will end the…

A: 1.Power generation requires lot of natural resources. Natural resources are controlled by…

Q: If 50 customers are all willing to pay $30 for an album that sells for $25, how much total value is…

A: Introduction: Revenue is the money made by a company's work. Revenue can be calculated in a number…

Q: Economic profits are equal to                total revenues minus fixed costs.        total revenues…

A: Costs are the expenses that firms have to incur in their production activities. The various costs…

Q: After viewing the PPT lecture, reading the Mothersbaugh pages as well as the article on the study in…

A: ANS 1. The emergency in power age area of Pakistan is causing load shedding. All areas including…

Q: Economic growth and the prosperity of nations depends upon their access to energy. Without an…

A: Coal, petroleum and Natural gas are known as the fossil fuels. They are called fossil fuel because…

Q: We know that environment has an obvious impact on business. Illustrate the impact of the…

A: The socioeconomic environment is described as the social impacts that are inserted on health in the…

Q: Resource consumption per person in the United States is either flat or falling, depending on the…

A: Running out of resources would become a prominent factor when people try to improve their living…

Q: discuss why these concepts are important to the studies of microeconomics. accounting profit…

A: Microeconomics is the study that concerns itself with the determination of prices in the markets of…

Q: What are the advantages of a market economy as compared to a command economy

A: Market economy is a type of economy in which the private businesses control economic matters.…

Q: Which of the following is not a constraint in achieving technological and economic efficiency? a.…

A: In a market, economic and technological efficiency is needed to improve the production process that…

Q: During 2007, as oil and gas prices continued to increase, a growing number of Americans called for…

A: Oil and gas price has a macroeconomic impact on both developed as well as developing economies of…

Q: How can looting of Shops undermine the capitalistic economic system in the private ownership of the…

A: Capitalism is a monetary framework where private people or companies own capital products - for…

Q: niversity Population 40,000 students Engineering Population 5,000 students   Average of 3 events…

A: Population is the complete set of people or objects with certain common characteristics under the…

Q: Give an example of project that would be considered a sacred cow?How would you go about cancelling a…

A: ANSWER

Q: With the help of a diagram, explain why agricultural products in North America are expected to…

A: H.O model is being used to evaluate trade and the equilibrium of trade between two countries which…

Q: Refute this statement To ensure that we always have an efficient economy and every firm has a…

A: Intellectual property rights refer to the protection of artistic work, innovations, names, images…

Q: Which of the following statements on dynamic efficiency is correct? a. Dynamic efficiency is the…

A: Dynamic efficiency is worried about the useful productivity of a firm throughout some undefined time…

Q: Resource consumption per person in the United States is either flat or falling, depending on the…

A: Resources can be defined as the goods or services available to individuals and businesses that are…

Q: The hypothesis, (as stated in the title) of E.F. Schumacher’s seminal book Small is Beautiful…

A: First printed in 1973, E.F. Schumacher's essay on little is gorgeous was a holistic approach to the…

Q: luxury is a non-essential enjoyment. Food, housing, and water are essential for most humans. Many…

A: *Answer:

Q: A car used as a taxi is a capital good  True/False

A: First of all we must understand what are capital goods and what are consumption goods. The goods…

Q: is the rapid push to mass-produce fully autonomous cars beneficial for society?

A: Autonomous cars which are also known as self-driving or driverless cars are those which have the…