An economy is faced by exhaustion of an important natural

Assignment Help Microeconomics
Reference no: EM13319195

An economy is faced by exhaustion of an important natural resource at a time when it is introducing improved technology.explain how these events will effect the economy production possibility curve.

Reference no: EM13319195

Questions Cloud

Determine the power needed for the heater : A cattle watering has a free surface with a size equal to 0.6 m x 0.3m, with the longer side being parallel to the prevailing wind. Wind at -23 C is blowing over the surface at 1 m/s.
What would determine whether a student would choose to be : Now suppose their school opens up a market for loanable funds in which students can borrow and lend among themselves at an interest rate r. What would determine whether a student would choose to be a lender or a borrower in this market?
Explain the vmax and the km of an enzyme : When the Vmax and the Km of an enzyme are not known, it is essential to determine the enzyme's initial velocity (Vo) at different [S]. To determine the initial velocity, one would have to: Select one: a. Use the Michaelis Menten equation
What volume of the blue block : The red block in the %u201CSame Volume%u201D floats in water. what volume of the blue block would float above the water line if the blue block was placed on top of the red block in the water
An economy is faced by exhaustion of an important natural : An economy is faced by exhaustion of an important natural resource at a time when it is introducing improved technology.explain how these events will effect the economy production possibility curve.
What is the maximum distance away for the navigation lights : An offshore drilling rig is being towed out to sea. What is the maximum distance away that the navigation lights can still be seen by an observer standing at the shoreline
Explain the oxidation number of the monoatomic ions : What is the oxidation number of the monoatomic ions of the following elements. Sr,Rb, Na, Al,O,Se, Ba,I, Fr, Cl, N
The borrowers gain and lenders lose : 1) when inflation rises quickly, borrowers will be hurt or lenders if the actual inflation rate is less than the expected inflation then:
Explain why the boss is concerned for the materials : A young engineer is asked to design a thermal protection barrierfor a sensitive electronic device that might be exposed toirradiation from a high-powered infared laser.

Reviews

Write a Review

Microeconomics Questions & Answers

  Explain over drafts, reaping profit

WHAT IS THE BENEFITS OF "OVERDRAFT PROTECTION" PROGRAMS TO DESPOSITOR? HOW MAY THE "OVERDRAFT PROTECTION" PROGRAMS AFFECT THE CREDIT RISK THAT BANKS FACE?

  What is total u.s. government revenue

What is total U.S. government revenue from the tariff and if trade opens up, what will be the quantity of U.S. imports?

  Phases of production-law of diminishing returns

Assume each worker is paid $10 per hour and works a 40-hours week. How many workers should the firm hire if the price of the output is $ 10? Suppose the price of the output falls to $7.50.What do you think would be the short-run impact on the firm..

  Difference between average total cost and variable cost

What is the difference between average total cost and average variable cost

  Explain total cost schedule for a competitive firm

If market price is $60, how many units of output will the firm produce? Zero units of output because the firm shuts down. 1 unit of output. 2 units of output. 3 units of output.

  What would recommend as a set of business ethics

Dr. Susie Wang is president of a subsidiary of the world's largest concrete machine manufacturer (REESE, Inc.). Her job is to organize and operate a newly formed global business consulting company (Concrete Network Services, i.e., CNS)

  Give two reasons that oil might be produced from high cost

Show that if oil is produced from two reservoirs, one with high marginal cost and one with low marginal cost, it is not possible for the Hotelling rule to be satisfied for each reservoir simultaneously. Give two reasons that oil might be produced ..

  Why was 40 percent discount offered only after the rejection

"I see that your shoes are ‘buy one, get one free - limit one free pair per customer.' Will you sell me one pair for half-price" The clerk answered, "I can't do that." When the customer started to leave the store, the clerk hastily offered,

  Fixed factor in the short run

In the economic theory of the company, we generally discuss only 2-factors, labor and capital, and in short run labor is variable factor and capital is the fixed factor of production.

  Marginal private cost exceeds marginal social cost

The output sold by a particular firm may be quite different from the output sold by the other firms in the market

  Find the unique nash equilibrium

Consider a Bertrand model in which the above firms choose prices to post P_A and P_B simultaneously. Since the goods are identical, consumers will go to the firm with the cheaper price.

  Will you be a net borrower or net saver

Will you be a net borrower or net saver - In exchange for a good grade in this class, you offer me a series of bribes.

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