--%>
Assignment Help - homework help

Diminishing Returns-Concave from origin

The inevitability of ultimately raising opportunity costs might be employed to explain why: (1) Scarcity is the worsening problem in industrial societies. (2) Production possibilities frontiers are concave from origin. (3) Services cost more than goods absorbing alike resources. (4) Additional units of goods cause reduction in the value of output forgone. (5) Production possibilities frontiers ‘bow in’ towards origin.

Choose the accurate one.

   Related Questions in Econometrics

  • Q : Problem on Reliance on

    Can someone help me in determining the right answer from the given options. Reliance on first-come, first-served allocations is termed: (1) Queuing. (2) Superior at lowering the opportunity costs for busy people. (3) The fairest system if goods are sc

    		•
  • Q : Declines in unemployment rates I have a

    I have a problem in economics on Declines in unemployment rates. Please help me in the following question. The Production possibilities frontiers wouldn’t expand outward in response to: (1) Enhanced technology. (2) Expanded investment and saving. (3) Declines in

    		•
  • Q : Opportunity Costs-Linear possibility

    I have a problem in economics on Opportunity Costs. Please help me in the following question. The linear (or straight line) production possibilities frontier would mean that the opportunity costs are: (i) increasing. (ii) Decreasing. (iii) Constant. (

    		•
  • Q : Need of sacrificing activity for the

    I have a problem in economics on Need of sacrificing activity for the other. Please help me in the following question. Competitive choices outcome if: (i) The freely accessible quantity of a good surpass people's wants. (ii) Shortages of requirements

    		•
  • Q : Diminishing Returns for different kinds

    The Standard economic suppositions recommend that the production possibilities frontiers are concave from beneath [from origin] mainly because: (i) People desire additional units of a good less the more of good they encompass. (ii) The relative produc

    		•
  • Q : Parallel outward shift of production

    The parallel outward shift of the whole production possibility frontier signifies that: (i) Unemployment have been removed. (ii) The resources are more efficiently employed. (iii) An economy can generate more of one good. (iv) An economy can generate

    		•
  • Q : Equality in the distribution of income

    The real economic growth and development are evaluated by the changes in total value which people place on their income and doing the things they enjoy. The real sources of growth would not comprise: (1) The profits in consumption which are made acces

    		•
  • Q : ECONOMETRICS PROBLEM MORE EXAMPLE OF

    MORE EXAMPLE OF THE ABOVE TITLE AND SOLUTION OF D/T WORK OUT .HELP ME PLEACE!!

    		•
  • Q : Allocative Mechanisms-Brute Force I

    I have a problem in economics on Allocative Mechanisms. Please help me in the following question. Timmy gives Butch his lunch money every day to keep Butch from giving Timmy black eyes, swirly, and atomic wedgies. Butch preferred allocative mechanism

    		•
  • Q : Private property and laissez-faire

    Can someone help me in finding out the accurate answer from the following options. The pure capitalism is characterized through: (1) Private property and laissez-faire govt. policies. (2) Business monopolies balanced by the strong labor unions. (3) De

    		•