Advantage in producing a particular good , Microeconomics

1.      How can a nation and its producers determine whether or not it has a comparative advantage in producing a particular good or service?

a

780_quantity chart.png

2.  The above figure shows the market for the three moving companies in a small nation. If the movers act as perfect competitors, what is the price per mile and the number of miles per year? If the movers collude and act as a single monopoly, what is the price per mile and the number of lines per year?

3.  a. "The marginal rate of substitution of the good measured along the x-axis increases as a consumer moves downward along an indifference curve." Is the previous statement correct or not?

b. Describe the consumer equilibrium in the indifference curve/budget line model.

 

 

 

Posted Date: 4/5/2013 6:06:24 AM | Location : United States







Related Discussions:- Advantage in producing a particular good , Assignment Help, Ask Question on Advantage in producing a particular good , Get Answer, Expert's Help, Advantage in producing a particular good Discussions

Write discussion on Advantage in producing a particular good
Your posts are moderated
Related Questions
FOREIGN EXCHANGE MARKETS: A foreign exchange market (sometimes informally called the forex market, or denoted FEM) is a market in which different currencies are bought and sol

plese give me supply assigement

Define the production terminology in short. Production Technology: Production is the procedure of transforming inputs to outputs. Characteristically, inputs consist of labor

RATIONAL EXPECTATIONS AND ECONOMIC THEORY : We assumed above that the role of economic theory is not to provide quantitative predictions about the future. Suppose we assume ins

a. Suppose the demand for saline solution is perfectly inelastic for contact lens wearers. If the government imposes a tax on saline solution, what occurs? Be sure to tell what hap


Compare and contrast the different measures of revenue

1. Define the concept of opportunity cost in your own words. Given an example from your own life of the opportunity cost of a decision (do NOT use classroom examples).  Explain why

What aspects of amino acid structure are involved in the formation and stabilisation of beta-sheets in proteins?

What is studying platform? Explain this term in brief. Studying Platform: A studying platform into modern economics comprises some basic economic principles or theories. Thi