--%>
Assignment Help - homework help

Problem on Increasing Costs

Can someone help me in finding out the right answer from the given options. Since the output of food raises from zero to 40 in this completely employed economy, the opportunity cost of additional food: (1) Increases. (2) Is zero. (3) Drops. (4) Is constant.

   Related Questions in Econometrics

  • Q : Technological advances in allocative

    I have a problem in economics on Technological advances in allocative mechanisms. Please help me in the following question. Not among major kinds of allocative methods would be: (i) Technological advances. (ii) Government. (iii) Queuing. (iv) Traditio

    		•
  • Q : Circular Flows-Combine resources The

    The structure of a circular flow model prevents the possibility that corporations eventually: (1) Generate goods. (2) Produce revenue by selling the products. (3) Combine the resources inefficiently. (4) Bear the load of lost purchasing power from tax

    		•
  • Q : Distribution In the quintile

    In the quintile distribution of income, the term "quintile" represents?

    		•
  • Q : Allocative Mechanisms-Inheritances of

    The Feudal society in which a ‘divine right’ to govern arose via inheritances of such titles as ‘king’ or ‘queen’ relied relatively greatly on an allocative method of: (i) Enthronement. (ii) Secularism. (iii) Merito

    		•
  • Q : History of US economy Shortly prior to

    Shortly prior to the onset of World War II, the U.S. economy: (1) Operated on the edge of its production possibilities frontier. (2) Was slothfully recovering from huge unemployment. (3) Expanded fast to accommodate the electrification and jet flight.

    		•
  • Q : Problem regarding Division of Labor

    Rocky Mountain encompass one group of workers shape metal tubing whereas other groups weld frames, others bring together, paint flames on gas tanks, and  test ride new cycles at Rocky’s Custom Choppers. Rocky’s firm relies on the division of: (1) Task

    		•
  • Q : Graphical illustration of Production

    I have a problem in economics on Graphical illustration of Production Possibilities Frontiers. Please help me in the following question. The production possibility frontier graphically elucidates the: (1) actual rate of the growth of an economy. (2) P

    		•
  • Q : Effect of Diminishing Returns on

    Since an economy moves all along a concave (or bowed-out) production possibilities frontier, the: (i) Cost rises for the good whose production increases. (ii) Net value of output should raise. (iii) Unemployment rate drops, however inflation creeps up

    		•
  • Q : Diminishing Returns-Bow out Whenever

    Whenever the law of diminishing returns applies to the production processes, then the associated production possibilities frontier should: (1) Produce reducing costs as output grows. (2) Bow in (that is, be convex) from the origin. (3) Be a rectangular hyperbola. (4)

    		•
  • Q : Preferences among kinds of current goods

    The Society's production possibilities frontier would not be shifted by modifications in: (1) The production technology. (2) Quality of the resources available. (3) Amounts of resources accessible. (4) Preferences among kinds of current goods.