Draw production possibilities curve for time

Assignment Help Business Economics
Reference no: EM13898652

Draw a production possibilities curve for time. On one axis put sleep time and on the other put awake time. You have 24 hours available in a given day. Indicate the combination that describes your allocation today. Also indicate a combination that is unavailable for anyone.

Reference no: EM13898652

Questions Cloud

In sub game perfect equilibrium-which firms enter industry : Consider the following market game: An incumbent firm, called firm 3, is already in an industry. Two potential entrants, called firms 1 and 2, can each enter the industry by paying the entry cost of 10. First, firm 1 decides whether to enter or not. ..
Identify the sub game perfect equilibrium of this game : Three players 1,2, and 3, are deciding on how to divide a cake worth $1, using the following procedure: Player 1 first divides the cake into three portions: x,y,and z such that x+y+z=1, x,y,z greater than or equal to 0. Identify the sub game perfect ..
Linear-in-parameters-linear-in-variables regression model : Identify and discuss at least two economic phenomena for which the linear-in-parameters/linear-in-variables regression model may not be appropriate (besides any mentioned in the text).
Personal income and spending : Personal income and spending: How much has personal income changed in the last two years? Identify any problems the government needs to address, and possible solutions?
Draw production possibilities curve for time : Draw a production possibilities curve for time. On one axis put sleep time and on the other put awake time. You have 24 hours available in a given day. Indicate the combination that describes your allocation today. Also indicate a combination that is..
The market is in long-run equilibrium : The market is in long-run equilibrium. What market structure best describes the pizza market in this town? Explain. What is average variable cost at this output level for each of the four shops? Explain how you derived this result.
The current government deficit : The current government deficit: include how current fiscal policy has affected the deficit, and how the country should deal with any problems you identified?
What of GDP growth over the past two years : What of GDP growth over the past two years: include an assessment of the overall trend line of growth for the previous three years, and government estimates of growth over the next year?
Consider debt and exchange rate crisis vulnerability : Consider debt and exchange rate crisis vulnerability for the country of Ukraine; please explain how you would minimize risks to possible investment.

Reviews

Write a Review

Business Economics Questions & Answers

  Opportunity interest rate equal to its cost of capital

ESPN currently pays the NFL $1.1 billion per year for eight years for the right to exclusively televised Monday night football. What is the net present value of this investment if the parent Disney Company has an opportunity interest rate equal to it..

  Construct the composite index

Just construct the diffusion index from month 2 to 3. In this problem, we have three leading indicators. The diffusion index from month 1 to 2 is 66.7 (=2/3) because two indicators move up and one moves down.

  How would keynesian solve

How would Keynesian solve a recessionary gap using personal tax rates.

  What will be the mean of the annual return of this portfolio

A friend wants your advice. His aunt recently left him $100,000 that he must invest in one or both of two different corporations. The current price per share of each is $100. If your friend buys 1000 shares of the first corporation, what will be the ..

  Explain how many units of labor and how many machines

Explain how many units of labor and how many machines would the firm use to produce 40 units in the cheapest possible way.

  Calculate the present worth of the equipment

Calculate the present worth of the equipment described in question 4 given a 10% discount rate. An entrepreneur has found a way to turn straw into gold, but he needs $5 million to create the necessary machinery. He wants to earn a 25% rate of return ..

  Compound interest instead of simple interest

If you had $ 4000 now and invested it at 6% simple interest, how much would it be worth 12 years from now? How much would it be worth if you receive 5% compound interest instead of 6% simple interest?

  Regression equation where dependent variable is death rate

A friend tells you that you should never be a patient in a teaching hospital because the death rate among patients in teaching hospitals is higher than in other hospitals. Write down a regression equation where the dependent variable is the death rat..

  Solve for the goods market equilibrium

Consider a closed economy which can be characterized by the following equations: C = 400 + 0.8YD I = 600 + 0.1y- 1000r G = 300 T = 125 (M/P)d = 0.2Y-6000r (M/P)= 400 a. Solve for the goods market equilibrium and state the equation for the AD and IScu..

  Supply and demand are foundational concepts in understanding

Supply and demand are foundational concepts in understanding economic theory. Whether you are a coffee drinker or not, you have been tasked to examine the impact of supply and demand when dealing with the coffee retail industry.

  Responsibility for determining the amount of pollution

It has been proposed that a government agency be charged with the responsibility for determining the amount of pollution

  In which industry is collusion likely more sustainable

Ceteris paribus, three industries are identical except that in industry A there are six firms that produce a homogeneous product. In which industry is collusion likely more sustainable?

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