--%>
Assignment Help - homework help

Leftward shift of PPC

What does leftward shift of PPC point out?

Answer: It points out underutilization of resources.

   Related Questions in Microeconomics

  • Q : Monopsonistic exploitation-labor union

    The labor union contracts, a comparable worth rule, or minimum salary laws might boost up equilibrium employment when a firm has been practicing: (i) Price discrimination. (ii) Monopolistic exploitation. (iii) Feather-bedding. (iv) Blacklisting. (v) Monopsonistic expl

    		•
  • Q : Most effective excise taxes during

    Excise taxes upon cigarettes are most effective during reducing: (1) smokers' discretionary income for other goods. (2) cigarette production. (3) cigarette companies' profits. (4) consumption of snuff and chewing tobacco.

    Q : Advantages to sole proprietorships and

    The benefits to sole partnerships and proprietorships associative to the corporations are that both contribute to: (1) Lack of permanence. (2) Limitless financial resources. (3) Limitless liability. (4) Simplicity of organization.

    Q : Problem regarding Minimum Wage Laws I

    I have a problem in economics on Problem regarding Minimum Wage Laws. Please help me in the following question. The consequence of minimum wage legislation on the teenagers has most likely been: (i) Greater unemployment. (ii) Greater employment. (iii) Full employment.

    		•
  • Q : Oligopoly and Economic Welfare Assume

    Assume that P = MSB and the firms in an oligopoly are in equilibrium where P>MC. This follows that: (1) P=MSC. (2) MSB>MSC. (3) MSB<MSC. (4) oligopolists will gain zero economic profit. (5) the minimum point on the LRATC curve will achieved i

    		•
  • Q : Income elasticity of demand when

    When diamond sales jump from 3 to 13 million carats yearly while a strong recovery increases national income from $12.0 trillion to $13.2 trillion, in that case the income elasticity of demand for diamonds is: (1) 0.76. (2) 1.52. (3)

    		•
  • Q : Supply law and it's factors State the

    State the Law of supply and explain the factors that affecting supply of commodity

    		•
  • Q : World price in market When for wheat

    When for wheat the world price is $10 per bushel, and Del, who one owns the biggest wheat farm into North Dakota, will work at: (i) point a. (ii) point b. (iii) point c. (iv) point d. (v) point f.

    Q : Statement of Law of Demand The law of

    The law of demand defines that when a good’s price increases, its quantity demanded will drop: (1) No matter what occurs to other variables. (2) When all as well is supposed constant. (3) Since its demand curve shrinks. (4) If substitutes become

    		•
  • Q : Market demand curve Market demand curve

    Market demand curve: The market demand also rises with a fall in price and vice-versa. In figure below the quantity demanded by

    		•