Why production possibility curve is concave
Why production possibility curve is concave? Answer: This is due to increasing the marginal opportunity cost.
Why production possibility curve is concave?
Answer: This is due to increasing the marginal opportunity cost.
Maximum possible total revenue monthly from sales of RoboMaids is about: (i) $70 million. (ii) $100 million. (iii) $125 million. (iv) $170 million. (v) $230 million. Q : Effect on price Demand and supply of When we only know that the demand and the supply of a resource or good both have increased, we would decide that the resulting change within its price will be: (w) positive. (x) negative. (y) zero. (z) indeterminate.<
When we only know that the demand and the supply of a resource or good both have increased, we would decide that the resulting change within its price will be: (w) positive. (x) negative. (y) zero. (z) indeterminate.<
Factor market: It comprises of factors of production namely land, labor, capital and associations.
The clearest illustrations of pure economic rent are payments: (1) for improvements which increase the productivity of resources. (2) to owners of unimproved land. (3) exceeding the productivity of a resource. (4) received by owners of homogeneous res
The areas illustrates in this Lorenz diagram can be used to compute a Gini index as: (i) (cow + pig)/cow. (ii) cow2/(cow + pig). (iii) pig2/(cow + pig). (iv) cow/(cow + pig) (v) (cow + horse)/pig. Q : Effect of purchasing goods to Most of the people can’t modify relative market prices however have a little control over the relative subjective prices of the goods they consume. They are most probable to make market prices and subjective prices compatible when they: (i) Raise purchases of go
Most of the people can’t modify relative market prices however have a little control over the relative subjective prices of the goods they consume. They are most probable to make market prices and subjective prices compatible when they: (i) Raise purchases of go
Transaction costs tend to be decreased, consumer prices tend to be lower and additionally stable and economy-wide efficiency is enhanced if: (1) rigid wage and price controls are imposed. (2) central planning fosters
Imperfect data: Most studies start with imperfect data. Few datasets involve the entire population of interest. Typically, the data has been gathered by others for specific purposes, and as such may have built in b
‘Describe the influence of London Olympics on economy?’
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. Discover Q & A Leading Solution Library Avail More Than 1449916 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1923845 Asked 3,689 Active Tutors 1449916 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
18,76,764
1923845 Asked
3,689
Active Tutors
1449916
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!