Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. A production possibilities table for two products, corn and paper, is found below. Usual assumptions regarding production possibilities are implied. Corn is measured in tons, and paper is measured per unit. Combination Corn Paper A 0 6 B 18 5 C 33 4 D 45 3 E 54 2 F 60 1 G 63 0
(a) Construct a production possibilities curve from this information placing corn on the vertical axis and paper on the horizontal axis.
(b) What is the marginal opportunity cost of producing the first unit of paper? The marginal opportunity cost of producing the fourth unit of paper?
(c) On your diagram, indicate a point of productive inefficiency with the letter U, a point of full employment with letter F and a point G indicating unattainable combination of corn and paper.
(d) Draw a new curve B that illustrates the results of improved technology in the production of corn, but no change in the production efficiency of paper.
(e) What economic lessons can we learn from Production possibility frontier?
Determine if the given equation is a supply or demand equation. For a supply equation, find the minimum price for which there will be any supply. For a demand equation, find the maximum possible demand and the maximum price that can be charged.
Germany consumers have $50 in income "their gross domestice product". They spend $35 on consumer goods "$25 on Germany goods and $10 on imports", they save $8, and pay $7 in taxes. The government collects $7 in taxes and spends $10 on locally-made..
Using year 1 prices, what is real GDP in year 2? What is the growth rate of real GDP?
Assume that employers and workers agree that real wages should rise by 2% next year: 1) if inflation is expected to be 2% next year, what will happen to nominal wages next year 2) If inflation is expected to be 4% next year, rather than 2%, what will..
The equation of exchange is MV = PQ, where M is the money supply, V is the velocity of money, P is the price level, and Q is real GDP. The island economy of Monet is rather simple. The only good produced in Monet is "Things," and the island is abl..
Assume that the officials in Ecoland have compiled the following information about their economy for last year.The government uses the following equation for the investment function The equilibrium real interest rate
find the present worth present cost of a simple maufracturing project where the initial investment is 413000 and the
Suppose that the bank sells $5 million in securities to get new cash. Show the bank's balance sheet after this transaction. What are the bank's excess reserves. Suppose that the bank makes a loan to a customer equal to the amount of its excess rese..
A $40,000 investment you made yields annual payments of $22,000, $14,000, $17,000, $25,000, and $38,000 at the end of the next 5 years respectively. Calculate the rate of return represented by this cash flow to three significant figures.
A small company manufactures a certain product. Variable costs are $20 per unit and fixed costs are $10,875. The price-demand relationship for this product is P= -0.25D + 250, where P is the unit sales price of the product and D is the annual dema..
What do you expect would happen to stock prices if the risk premium decreased unexpectedly? Explain in words.
Why does faster technological progress lead to more rapid accumulation of human capital?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd