--%>
Assignment Help - homework help

Problem of How to Produce

Describe the problem of How to Produce?

Answer: This refers to the choice of techniques of production of services and goods and whether labor intensive or capital intensive method is to be accepted taking into consideration the proportion of capital and labor in an economy.

   Related Questions in Microeconomics

  • Q : Buying something when expect a price to

    Buying since you expect a price to increase, at that point you will sell, which is termed as: (w) arbitration. (x) speculation. (y) profiteering. (z) arbitrage. Hey friends please give your opinion for the problem

    		•
  • Q : Unstable Cartel Agreement Cartel

    Cartel agreements tend to be unstable since: (1) outputs are homogenous. (2) cooperation replaces competition. (3) all governments oppose cartels. (4) members have incentives to cheat. (5) All of the above. Hello g

    		•
  • Q : Screening devices problem The Screening

    The Screening devices employed whenever employers try to save adverse selection by the applicants for place do not comprise: (i) review resumes to recognize applicant’s qualifications. (ii) Needing non-compete clauses which prevent latest employees from working

    		•
  • Q : Consumers equilibrium in case of two

    Describe the consumer’s equilibrium in case of two commodities (IC) approach. Answer: Consumer equilibrium refers to a condition when he spends his specified

    		•
  • Q : College loan-Rational Ignorance Assume

    Assume that a student takes out a college loan which needs 12% annual interest, however later learns that his aunt makes loans to the family members at 5% interest. The student has suffered from the problem termed as: (1) Rational ignorance. (2) Blind indifference. (3

    		•
  • Q : Describe inferior goods in economics

    Inferior goods in economics: Inferior goods refer to such goods whose demand reduces with the rise in income of consumer.

    		•
  • Q : Workers volunteered to work in purely

    Even though workers volunteered to work as "for free", such purely competitive firm would never hire more than: (i) L2 workers. (ii) L3 workers. (iii) L4 workers. (iv) L5 workers. (v) L6 workers.<

    		•
  • Q : Market structure in an automotive

    What type of a market structure in an automotive industry?

    		•
  • Q : Relatively price inelastic and consumer

    When demand for a consumer good is relatively price inelastic, in that case the: (i) total spending of consumers will decline when the price rises. (ii) demand curve is linear and vertical. (iii) price of the good is determined through supply alone. (

    		•
  • Q : Ex-ante investment Ex-ante investment :

    Ex-ante investment: This is planned or desired investment throughout a specific period.

    		•