Illustrate what would production at a point outside

Assignment Help Business Economics
Reference no: EM1356513

If the economy is at point C, what is the cost of one more automobile? Of one more forklift? Explain how the production possibilities curve reflects the law of increasing opportunity costs.

If the economy characterized by this production possibilities table and curve were producing 3 automobiles and 20 fork lifts, what could you conclude about its use of its available resources?

Illustrate what would production at a point outside the production possibilities curve indicate? What must occur before the economy can attain such a level of production?

Reference no: EM1356513

Questions Cloud

Introductory management questions and issues : There are four basic functions of management planning, organizing, managing, and controlling. Rank order these in order from most important to least important them provide supporting narrative to justify your decision.
Offer a overview of the role of the department of health : Offer a brief overview of the role of the Department of Health and Human Services regarding U.S. healthcare
Do you feel your goal is realistic : Do you feel your goal is realistic and what is timely about this goal? What is the weekly timeline you have established to ensure that you complete this goal?
Write program to take as input salesperson-s expected sales : Write program to take as input the salesperson's expected weekly sales and outputs the wages paid under each plan as well as announcing the best-paying plan.
Illustrate what would production at a point outside : Illustrate what would production at a point outside the production possibilities curve indicate? What must occur before the economy can attain such a level of production.
Business financial management : Business Financial Management - Will you describe finance and budgeting situations/practices that could be positively impacted by technological solutions.
Estimate the company current stock price : BC Enterprises is expected to pay a dividend of $5 per share at the end of the year and that dividend is expected to grow at a constant rate of 5 percent each year in the future.
Find the net torque on the rod : An outfielder throws a 0.150 kg baseball at a speed of 39.6m/s and an initial angle of 34° What is the kinetic energy of the baseball at the highest point of its trajectory.
Business financial management : Will you describe finance and budgeting situations/practices that could be positively impacted by technological solutions.

Reviews

Write a Review

 

Business Economics Questions & Answers

  Business and economic forecasting

Imagine you are a manager for the good or service used above. From the results of the regression equation, suggest strategies to either maintain demand.

  Each of the estimated coefficients statistically

Each of the estimated coefficients statistically significant at the 95 per cent confidence interval. What is the optimal output level.

  Compute the resulting equilibrium price quantity combination

Compute the resulting equilibrium price quantity combination for every industry. Illustrate your answer with a suitable graph.

  Bud operates in a highly competitive market

Bud Owen operates Bud's Package Store in a small college town. Bud sells six packs for off-premises consumption.

  Elucidate what would be an equivalent home pay

Suppose a household's annual take-home pay in 1951 was $8,320. Elucidate what would be an equivalent home pay in 1982.

  Calculate the tax incidence

Calculate the tax incidence of the buyers and the monopolist.

  Experienced recently affect your organization

Did the economic recession we've experienced recently affect your organization

  The variable cost every unitcompany decided to raise price

A company currently sells 60,00 units a month at $10 every unit. The variable cost every unit is $6. The company decided to raise the price about 10%.

  Consumers want to spend on spaghetti when the price

Set all variables to their baseline values. Elucidate how much money do consumers want to spend on spaghetti when the price.

  What could be the risk of stockout would result

When should this item be reordered. What could be the risk of stockout would result from a decision not to have any safety stock.

  Illustrate what will take place to the capital- labor ratio

Using production theory, explain illustrate what will take place to the capital- labor ratio in both the short-run also the long run.

  Describe the rationale behind arriving at figures

Describe the rationale behind arriving at figures for the natural rate of unemployment, stable prices, and sustainable economic growth.

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