Can you think of any financial innovation in the past ten years that has affected you personally? Has it made you better or worse off? Why?
A line in a graph showing all of the possible combinations of corn and wheat that a farmer could grow is an example of what economists call a production possibilities curve or a production possibilities frontier (PPF). This kind of curve can be a true curve or a straight line.
suppose there 100 firms each with a marginal cost of 2q+1 and a demand of 1050-50p.what is the production?
Southwest Airlines begins a "bags Fly Free" campaign, charging no fees for a 1st and 2nd checked bag. Elucidate weather this situation represents best?