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Distinguish between the rational function and the allocation function of price system?

Anonymous

∙ 12y ago

Updated: 4/28/2022

allocative function of price: to direct resources away from overcrowded markets and towards markets that are underserved.

Rationing function of price: to distribute scare goods to those consumers who value them most highly

Wiki User

∙ 12y ago

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Continue Learning about Algebra

What is the number of rational numbers between square root 3 and square root 5?

Infinitely many. In fact, there are more irrational numbers between them than there are rational numbers.Infinitely many. In fact, there are more irrational numbers between them than there are rational numbers.Infinitely many. In fact, there are more irrational numbers between them than there are rational numbers.Infinitely many. In fact, there are more irrational numbers between them than there are rational numbers.

Are there more rational numbers than irrational numbers true or false?

In between any two rational numbers there is an irrational number. In between any two irrational numbers there is a rational number.

What is the difference between ratio and rational numbers?

Rational numbers are equivalent to ratios of two integers (the denominator being non-zero). A ratio is a relationship between two set of values. For example, the ratio of the circumference of a circle to its diameter is pi, which is not a rational number.

What is the difference between rational and irrational in math?

Rational numbers are numbers that can be written as a fraction. Irrational numbers cannot be expressed as a fraction.

What rational number is between 2.3 and 2.4?

There are an infinite number of rational numbers between 2.3 and 2.4 .Any number you can write down on paper that falls in that range is one of them.They include . . .2.30000000012.332.342.352.362.3600000000002372.392.3912.391012.39101012.3992.39992.3999999999

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