About greatest economy
Does Europe and- USA or China have the greatest economy?
Expert
1- Europe (keep in mind Italy, French, UK and Germany are 4 world's power) 2- USA 3- China.
From CIA World Fact book we got 2006 GDP Figures in the Trillions of dollars, buying power parity:
i) European Union: 13.080
ii) United State: 13.060
iii) China: 10.210
Preceding to 2005, and possibly back to 1942, the United State exceeded the EU.
A purely competitive firm will produce where is: (w) MC is rising. (x) MC = P. (y) MC = MR. (z) All of the above. Can anybody suggest me the proper explanation for given problem regarding Economics
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I have a quiz in Micro (below) can you assist by Saturday? An insulation plant makes three types of insulation (types B, R and X). Each is produced on the same machine which can produce any mix of output so long as the daily total weight is no more than 70 tons. The insulation is shipped in truck
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