Marginal rate of transformation

Assignment Help Business Management
Reference no: EM132117613

What is the relation between MRS (Marginal Rate of Substitution) and MRT (Marginal Rate of Transformation) at autarky equilibrium? Are they equal? Why?

Reference no: EM132117613

Questions Cloud

Optimal hamburger consumption maximizes : Determine his optimal hamburger consumption and show if his optimal hamburger consumption maximizes NB.
Which police actions were appropriate : Which police actions would you argue were morally or ethically wrong? Which police actions were appropriate?
Functional distribution of income in macroeconomic analysis : What is meant by functional distribution of income in macroeconomic analysis? And explain how this form of distribution of income can generate income inequality
Prepare a literature review and evidence review : You are required to create a proposal for a research project aimed at a business related problem or opportunity. Prepare a Literature Review and Evidence Review
Marginal rate of transformation : What is the relation between MRS (Marginal Rate of Substitution) and MRT (Marginal Rate of Transformation) at autarky equilibrium? Are they equal? Why?
Discuss about the future of the juvenile justice system : You are a juvenile justice consultant creating a proposal that will be presented to the state legislature concerning the future of the juvenile justice system.
Average price of milk per gallon : The average price of milk per gallon was ?$2.262.26 in 1995 and ?$3.093.09 in 2010. The consumer price index was 152.4 in 1995 and 218.1 in 2010.
The issue of the new york times : In the September 13th, 1970 issue of the New York Times, famed economist Milton Friedman stated that the only responsibility of a business is to return.
Market economy government intervention : Please evaluate these statement and post a reaction. Do you agree or disagree? 1) In a market economy government intervention may sometimes be necessary and de

Reviews

Write a Review

Business Management Questions & Answers

  Define the short-run break-even price

1. What is a price taker? Discuss the assumptions that are made in order to obtain the perfectly competitive model. 2. Define the short-run break-even price. What are economic profits at this price? Why would a firm be willing to operate permanently ..

  People to connect to the internet for free

Imagine you set up your own mobile hot spot and allow people to connect to the Internet for free.

  Describe the utilitarian and commutative justice views

Describe the Utilitarian, Individualism, Moral-rights, and Commutative Justice views. What are the drawbacks in each view? Compare and contrast two sets of alternative views, illuminating the reasons for the distinctions.

  Chocolate for a purchase of six beers and above

The store gives free chocolate for a purchase of six beers and above. If Peter decides to buy six beers, what is the marginal cost of the sixth beer?

  Critical information-read first

An Operational Plan is a detailed plan used to provide a clear picture of how a team or department will contribute to the achievement of the organization's strategic goals.

  Explain what are the ethical considerations or ramifications

Explain what are the ethical considerations/ramifications of product specification for a buyer

  Move onward to another webpage

Okay, honesty is the best policy for this week's discussion. What makes a good web page? How do you determine if a company has a good web page or not? In other words, when do you get "bored" or "turned off" by a web page and move onward to another..

  Implementation and control

Examine the relationships between a firm and the political and economic forces within its community.

  Understanding the factors driving standardization

What value is there to understanding the factors driving standardization versus localization of HR policies, processes, routines, procedures and practices?

  Describe a business crisis situation

Identify and describe a business crisis situation and the main leaders involved. It could be one that you have experienced or have read about. Be sure to include a discussion of ethical implications.

  Why does the demand for labor slope downward

1) Why does the demand for labor slope downward? 2) Why does the supply curve slope upward?

  Measuring organizational business decisions

Measuring Organizational Business Decisions (beginning on page 48, Business Driven Information System by P. Baltzan) are critical to business. If you are working now or in the past, compare and discuss your business success metrics with those list..

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