Question

In: Economics

Your home is in the hinterland of some market (city), and most likely in the hinterlands...

Your home is in the hinterland of some market (city), and most likely in the hinterlands of several markets, at different scales. Describe how you are economically part of one or more hinterland(s).

Solutions

Expert Solution

Answer:
If my home is in the hinterland of some market, economically I could be part of one or more hinterlands because of following reasons:

  • Myself as consumer to various markets : It may happen, I can purchase goods and services on multiple markets based on its price there and effort and time required to go from my home to other markets. For instance if some goods are costly in my nearby market I may opt to choose to go to farther market to purchase goods in bulk if they are available at lower rate and transportation cost is not high.
  • Myself as supplier to one or more hinterlands : I may act as supplier for few of the goods and services for that again based on price availability in different hinterlands, can opt to go to sell in one market or the other.
  • Equilibrium in one Hinterland affecting other hinterland market price : Also demand and supply equilibrium in my nearby hinterland can affect prices and equilibrium of other markets as well. For instance if some product is sold very costly in my nearby market other suppliers will migrate from other market to this market which will decrease the cost in my current market and increase cost in other market brining them to new equilibrium all together.

(plz give me a thums up...if my answer helped you and if any suggestion plz comment, Yr thums up boost me)

Rahul Sunny answered 8 months ago
Next > < Previous

Related Solutions

1. An efficient market for risk, such as an insurance market, is MOST likely to exist:...
1. An efficient market for risk, such as an insurance market, is MOST likely to exist: Select one: a. when there are significant differences between individuals' wealth levels and attitudes toward risk. b. in the presence of private, or asymmetric, information. c. when the sellers of insurance are risk-averse but the purchasers are not. d. when there is a level playing field so that all participants have approximately the same wealth and the same degree of risk aversion. 2. Which...
What is the most likely reason that some individuals in Massachusetts pay the fine of approximately...
What is the most likely reason that some individuals in Massachusetts pay the fine of approximately $1,000 each year for not having an approved healthcare insurance policy?
what are some of the leadership challenges a healthcare professional most likely to encounter in terms...
what are some of the leadership challenges a healthcare professional most likely to encounter in terms of individual skills and team skills
In the auto insurance market, who is most likely to have private information that leads to...
In the auto insurance market, who is most likely to have private information that leads to adverse selection? Please explain how the private information distorts the market and what can be done to correct this?
You are considering a proposal to produce and market a new sluffing machine. The most likely...
You are considering a proposal to produce and market a new sluffing machine. The most likely outcomes for the project are as follows: Expected sales: 30,000 units per year Unit price: $50 Variable cost: $30 Fixed cost: $300,000 The project will last for 10 years and requires an initial investment of $1 million, which will be depreciated straight-line over the project life to a final value of zero. The firm’s tax rate is 30%, and the required rate of return...
You are considering a proposal to produce and market a new sluffing machine. The most likely...
You are considering a proposal to produce and market a new sluffing machine. The most likely outcomes for the project are as follows: Expected sales: 100,000 units per year Unit price: $190 Variable cost: $114 Fixed cost: $4,080,000 The project will last for 10 years and requires an initial investment of $11.28 million, which will be depreciated straight-line over the project life to a final value of zero. The firm’s tax rate is 30%, and the required rate of return...
You are considering a proposal to produce and market a new sluffing machine. The most likely...
You are considering a proposal to produce and market a new sluffing machine. The most likely outcomes for the project are as follows: Expected sales: 100,000 units per year Unit price: $190 Variable cost: $114 Fixed cost: $4,080,000 The project will last for 10 years and requires an initial investment of $11.28 million, which will be depreciated straight-line over the project life to a final value of zero. The firm’s tax rate is 30%, and the required rate of return...
You are considering a proposal to produce and market a new sluffing machine. The most likely...
You are considering a proposal to produce and market a new sluffing machine. The most likely outcomes for the project are as follows: Expected sales: 30,000 units per year Unit price: $50 Variable cost: $30 Fixed cost: $300,000 The project will last for 10 years and requires an initial investment of $1 million, which will be depreciated straight-line over the project life to a final value of zero. The firm’s tax rate is 30%, and the required rate of return...
(1) What is the primary problem that your patient is most likely presenting?
Think like a nurse(1) What is the primary problem that your patient is most likely presenting?(2) what nursing priorities will give your plan of care?( if more than one list in order of priority)(3) What interventions will you initiate based on this priority?(a) Nursing intervention (b) Rationale (c) Expected outcome(4) What is the rationale for treatment and expected outcomes for medical management of the priority problem?(a) Care provider orders (b) rationale (c) expected outcome
The United States is home to some of the world's leading computer software companies, most of...
The United States is home to some of the world's leading computer software companies, most of which commonly outsource software development to other countries, including Egypt, India, Ireland, Israel, Malaysia, Hungary, and the Philippines. 1.Why do you think these countries became suppliers to the software industry? 2. Do you think that development of the industry in these countries is a threat to companies in the United States? Explain. Your response to each question should be a minimum of 6 sentences...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT