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Consider a production possibilities frontier? (PPF) that is concave? (bowed outward from the? origin). Such a PPF displays increasing opportunity? costs, meaning that the cost of producing additional units of both goods rises. What is the reason for increasing opportunity? cost?
A. market forces do not lead to an equality between price and opportunity cost.
B. management is disorganized and production is inefficient.
C. some resources and skills cannot easily be adapted from theur current uses to alternative uses.
D. as more of a good is produced the inputs used to produce that good will increase in price.
What would happen to short- and long-run aggregate supply if unusually good weather let to bumper corps of most agricultural produce? What would keep wages from falling quickly in a recession?
Both banks that each of their entire $20 million loan package will be written off as bad loans. Will any of the two banks survive this crisis? Explain carefully.
What is the Law of Supply? How do we illustrate the Law of Supply? Give an example of the Law of Supply use two to four sentences to explain your example. Indicate whether the following are considered a change in supply or a change in quantity suppli..
Every student is expected to create an original response to the open-ended DB question as well as engage in dialogue by responding to posts created by others throughout the week. At the end of each unit, DB participation will be assessed based on ..
The manager of an Electronic Corporation has estimated the total fixed and the total variable cost function for producing a particular type of camera to be: TVC = 60Q + 12Q2 TF = $1200 If the Corporation sells the cameras at a price of $60 each, how ..
Utopia is described by the following equations: C=80+0.75Y I=115-10r T=20+0.2Y M=20+0.05Y G=200 X=100 Money supply=450 L=110+0.55Y-10r F= -60+2r B= F+X-M Calculate: (a) Equilibrium output level and the equilibrium interest rate plus the position on t..
Given the utility function U(F,C) = √(FC), and this budget constraint: 100,000 = 4F+40C, Suppose that a person is consuming more F and less C than the utility maximizing bundle. Would the marginal rate of substitution of F for C be greater or less th..
Graph the supply and demand curves in this market. Be sure to put the quantity (Q) on the horizontal axis and the price (P) on the vertical axis. You may use quantities four ( Q=2) through twenty (Q=18)by units of one (1) for your graph. What is the..
Find a recent news article that discusses an oligopolistic industry in the U.S. Provide a usable link to the article (3 points by itself) and a summary of what the author is discussing. Focus your analysis on the main characteristics of oligopolies (..
At what level must be a ceiling price imposed upon the monopolist's market to cause the monopolist to supply the efficient quantity supplied?
Economy produces 1000 tonnes of apples, 2000 tonnes of oranges, and 3000 tonnes of banana, and the market prices (in 2015 dollars) are $3 per tonne, $2 per tonne, and $1 per tonne, respectively. In 2016, the production is 2000 tonnes for all three go..
Create a Linear Regression (LR) equation in Excel. Use the Excel template provided (see "Module 3 Case - LR -Year 1" spreadsheet tab), and be sure to include your LR chart (with a trend line) where noted. Also, be sure that you include the LR form..
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