Bearing on comparative costs under increasing cost condition

Assignment Help Business Economics
Reference no: EM13839378

Why is that the pre-trade production points have a bearing on comparative costs under increasing cost conditions but not under conditions of constant costs?

Reference no: EM13839378

Questions Cloud

How low can the federal reserve lower the real interest rate : In 2008 the Federal Reserve took pretty extraordinary measures in an attempt to stabilize the economy. What will the inflation rate be? How low can the Federal Reserve lower the Real interest rate*? How much output is recovered? Is it enough to push ..
What will the inflation rate be in the period of the cuts : You need both equations and clearly labeled graphs (separate graphs for each question) to answer the following questions. Assume that b=1/2 and that initially the real interest rate is equal to the marginal product of capital at 3%. How much can we e..
Firms production function-how much output are they producing : Suppose a firm’s production function is given by the following equation: Q = min(5K, 10L). If the firm is using 4 units of capital and 3 units of labor, how much output are they producing? Is this firm operating efficiently? Why or why not?
Short-run production function : Suppose that Taher's pizza business operates under competitive conditions and that his short-run production function is q=20^E. Once again assume w = $6 but suppose the government imposes a tax of 25% on each dollar he pays his workers, to cover thei..
Bearing on comparative costs under increasing cost condition : Why is that the pre-trade production points have a bearing on comparative costs under increasing cost conditions but not under conditions of constant costs?
Calculate the arc price elasticity : Sales are 3,100 at a price of $200 and 2,400 at a price of $300. Calculate the price of elasticities of demand using $200 as the base value; then use $300 as the base value. Calculate the arc price elasticity and compare the three calculations. How d..
Denominators for percentage change calculations : Average visit per week equal 640 when the copayment is $40 and 360 when the copayment is $60. Calculate the percentage change in visits, percentage change in price, and price elasticity of demand using 640 and $40 as the denominators for percentage c..
Higher marginal propensity to consume powerful tax policy : The higher the marginal propensity to consume the more powerful tax policy is to influencing consumption. Negative real interests rates imply that if you save today, you can purchase a smaller basket of goods and services in the future, relative to t..
Retail sales tax fair : Retail sales taxes are used at the state and local level to finance general fund expenditures. In other words, the tax revenue collected via the sales tax is not tied directly tied to benefits received by each taxpayer. Retail sales tax fair?

Reviews

Write a Review

Business Economics Questions & Answers

  Securities in the market

Shadow Bank 411 buys $3 million more securities in the market and "pays" for them with its account at Bank 411. Bank 411 borrows $3 million more as a first response.

  What would be resulting effect on equilibrium price level

What would be the resulting effect on equilibrium price level? Explain. What will be the effect of the different tools of fiscal policy to stabilize the economy?

  What happens to the interest rate and investment in response

Suppose that the government increases taxes and government purchases by equal amounts. What happens to the interest rate and investment in response to this balanced-budget change? Does your answer depend on marginal propensity to consume?

  Consumers surplus and the producer surplus earned

Toys are produced by a competitive industry. Santa Claus gives away one million free toys each year. It costs Santa nothing to produce these toys. Illustrate Santa’s effect on consumer’s surplus and the producer surplus earned by commercial toy manuf..

  Draw an edgeworth box with indifference curves

Suppose both Smith and Jones utility functions of U(X,Y) = XY1/2. Smith is endowed with (X, Y) = (9,25) and Jones is endowed with (X, Y) = (25,9). Draw an Edgeworth box with indifference curves through this endowment.

  The ethics of big data

Read the article, “The Ethics Of Big Data”. Based on the content presented in the article, describe the microeconomic principles being used, in other words what is the impact for demand? List the different types of market structures that big data ben..

  What is importance of economic entity assumption

She has no accounting background. Leonard cannot understand why market value is not used as basis for accounting measurement and reporting. Explain what basis is used and why. What is importance of economic entity assumption.

  Conclude what factors drive its demand for mba student

Assume MTSU is attempting to conclude what factors drive its demand for MBA student credit hours (dependent variable). Information is available on following independent variables:

  Company expects this combination of medical care

The consulting firm McKinsey and Company expects this combination of medical care and tourism in India to approach $2 billion a year by 2012.

  The fed can reduce the money supply by

The Fed can reduce the money supply by,

  Will adding another increase output by as much

imagine a backyard garden of fixed size and all other inputs except labor also fixed ; will adding a worker increase your output? Will adding another increase output by as much? another?

  What factors in socio-cultural segment

What factors in socio-cultural segment can have significant impact on U.S. restaurant industry? How does each of these factors shape the growth and changes of the industry? What are the future trend of each factor and the resulting changes of the ind..

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