Depletion of fossil fuel Resources

I have a problem in economics on Resources. Please help me in the following question. The depletion of the fossil fuel reserves will cause the world’s production possibilities frontier to shift: (i) Outward and decrease capacity. (ii) Inward and decrease capacity. (iii) Outward and raise the capacity. (iv) Inward and raise the capacity.

Please choose the right answer from above...I want your suggestion for the same.

View Complete Question

Related Questions in Managerial Economics

Q : Legal incidence of tax burdens The firm

The firm or individual responsible for paying a specified tax to the government bears: (w) stigma of being a tax evader when it is completely forward shifted. (x) full tax burden only when the tax is backward shifted. (y) legal incidence of the tax. (z) reduction in p

Q : How is the Demand forecasting important

How is the Demand forecasting important?

Q : Value of the marginal product of labor

Profit-maximizing firms which operate in competitive resource and output markets adjust labor inputs till the wage rate equals the: (1) average revenue from output. (2) output price equals average variable cost. (3) marginal utility o

Q : Technological changes with machinery

Technological changes which replace workers along with machinery are termed as: (1) homeostasis. (2) nanotechnology. (3) automation. (4) featherbedding. (5) solipsism. How can I solve my Economics problem? Please s

Q : Marginal resource cost to hiring Hulk

Hulk counsels five clients at a time within exercise groups at Beefcake Body Builders. Hulk hourly wage is $17, and also Beefcake charges Hulk’s clients $20 for every hour-long fitness session. When fitness counselors are hired from competitive labor mar

Q : Human Capital and the Demand for Labor

Investment in human capital is not essentially involved while: (w) people acquire and sharpen new productive skills. (x) a person attends college and learns engineering. (y) a person jogs to stay in shape. (z) the marginal productivity of labor increa

Q : Explain the target pricing briefly

Explain the target pricing briefly.

Q : Explain about econometric models

Explain about econometric models.

Q : Illustrate signalling by example If

If interviewing for a job like a bill collector for a loan shark, Bob mentions his degree into martial arts by the Hard Knox Reformatory, his summer internship along with BreakUrLegs, Inc., as well as his family links. Bob’s casual discussion of such credentials

Q : Charging the competitive price in the

An apparent monopoly might charge the competitive price in the long run when: (w) exit is costly. (x) entry and exit are relatively costless. (y) this is not a natural monopoly. (z) this is not regulated.

Discover Q & A

Leading Solution Library

Avail More Than 1448665 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1959074
Asked

3,689

Active Tutors

1448665

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment