A straight line indicating the law of increasing opportunity

Assignment Help Microeconomics
Reference no: EM13319062

Which of the following correctly characterizes the shape of a production-possibilities curve?

A) A straight line indicating the law of increasing opportunity costs applies

B) A straight line when there is constant opportunity costs

C) A line that curves outward when resources are perfectly adaptable in the production of different goods

D) A line that curves inward when resources are perfectly adaptable in the production of different goods

Reference no: EM13319062

Questions Cloud

Explain what is the equilibrium concentration of h30+ : The equilibrium contant Kc for the reaction HF(aq)+H2O(l)-->H30+(aq) +F-(aq) is 3.5 x10^-4. What is the equilibrium concentration of H30+ if the initial concentration of HF is 1.0M.
Calculate the viscosity of the lubricating oil : A 4 in. in diameter shaft moves through a well-oiled sleeve that is 12 in. long. The force required to move the shaft is 25 lbf, and the shaft velocity is 5 in./s.
How far does the car skid before stopping : A 1500kg car slams the brakes on, its initial speed is 32m/s, How far does the car skid before stopping
Find the angle of refraction for red light : The index of refraction for a diamond for red light of wavelength 654 nm is 2.35, Find the angle of refraction for red light
A straight line indicating the law of increasing opportunity : Which of the following correctly characterizes the shape of a production-possibilities curve? A) A straight line indicating the law of increasing opportunity costs applies
Find specific mechanical energy and power available in wind : The air pressure is taken to be 80kPa and the mean annual temperature is 2 degrees Celsius. What are the specific mechanical energy and power available in thw wind that a wind turbine with 60m diameter blades might be able to harvest
How will this information change your answers in a b and c : Congratulations again. You've just been appointed economic advisor to Examland. The mpe is .6; autonomous investment is $1,000; autonomous government spending is $8,000;
Determine expressions for attractive and repulsive energies : Consider some hypothetical X+ - Y - ion pair for which the equilibrium interionic spacing and bonding energy values are 0.38 nm and - 6.38 eV respectively. If it is known that n in the equation has a value of 10
How to calculate the vitamin b1 content of the pork : The following data was recorded. Solution: Relative Fluorescence A (standard oxidized) 62.4 B (standard, blank) 7.0 C (sample, oxidized) 52.0 D( sample, blank) 8.0 Calculate the vitamin B1 content of the pork in terms of micrograms per gram.

Reviews

Write a Review

Microeconomics Questions & Answers

  Describe senator reids delivery style

1. Describe Senator Reid's delivery style 2. What type of presentation is Senator Reid giving Is this the most effective style of presentation for this situation Why or why not

  Effects of increase or decrease in number of competitors

According to the computer industry what are positive and negative effects of either a sudden increase or decrease in the number of competitors on prices in long run.

  Kinds of intervention of the fed in foreign exchange market

The money supply of a country equals the sum of monetary base times the money multiplier. Monetary base equals the sum of domestic reserves and foreign reserves. Domestic reserves include the domestic government securities. The foreign reserves in..

  Long-run profit-perfectly competitive market

For Profit Labs, Inc. (FPL) is a private laboratory that does only routine blood count. With total assets of $8 million last year, FPL took in $3 million in revenue and had expenses of $2 million. The average firms in other industries make a retur..

  Explain how would a classical economist respond

In other words, would the classical economist feel that contractionary monetary policy has the same impact on the economy as the Monetary Transmission Mechanism discussed in the previous question

  Optimum order quantity and corresponding relevant cost

The total relevant cost of holding inventory in a plant for purchased materials is given, TRC = (6000/Q)(60) PLUS 0.30(12)(Q/2) PLUS 6000(12) WHERE Q IS THE ECONOMIC ORDER QUANTITY.

  Effect of the investment schedule

Describe how each of following will affect consumption and saving schedules as they relate to GDP or the investment schedule, other things equal,

  Develop a paper detailing an analysis of market structures

Develop a paper detailing an analysis of market structures and relating pricing strategies that are suitable for each of these structures. Furthermore, include a real world example of pricing strategy for a specific U.S. company by identifying its..

  Demand curves for the consumption of landscaping water

Calculate the price elasticities of demand for A and B at P=30, 20 and 10. How does the elasticity change as you move down the demand curve?

  Question on breakeven point

A firm that has total fixed costs of $40,000 sells its output for $250 per unit and has an average variable cost of $150. If the firm's cost and revenue curves are linear, how much output must the firm product to break even?

  Long-run supply curve is flatter than short-run supply curve

A long-run supply curve is flatter than a short-run supply curve because firms can enter and exit a market more easily in the long run than in the short run is it true or false.

  Explain how open market operations work

(a) List and describe the three tools of the Federal Reserve. Which of these three is the most important (and it's the most frequently used, too) (b) Continuing with what you answered for part a, explain how open market operations work. Be as comp..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd