User Account

All Pages

Matter transmitter and trading city consider a region with

Assignment Help Microeconomics
Reference no: EM13377530

Matter Transmitter and Trading City Consider a region with two standardized products (bread and shirts) that are

transported by horse-drawn wagons. There is a single trading city. Consider the effects of a new matter transmitter,

an indivisible input that is economical for trading firms in the city, but not for an individual household. A transmitter

instantly transports goods from a production site (a farm or workshop) to the trading firm, and the marginal cost is

zero.

a. The labor used in transporting products from production sites to trading firms will [increase; decrease; not

change ] because... 

b. The volume of trade in the region will [increase; decrease; not change ] because... 

c. The labor used in processing transactions (banking, accounting, insuring) will [increase; decrease; not change] because... 

d. Review your answers to parts a) and c) above. The trading city will grow if _____

Reference no: EM13377530

Questions Cloud

Evaluate the world anti doping agency wada regulatory : evaluate the world anti doping agency wada regulatory regime using three ethical principles of the global business
Explain game theory optimal decision making analyzing : explain game theory optimal decision making analyzing payoffs and dominant strategyare large banks fragile or
The demand in japan for new automobiles is elastic and : the demand in japan for new automobiles is elastic and sensitive to market prices. given that describe the effect of
Preparing common-size statements analyzingprofitability : preparing common-size statements analyzingprofitability making comparisons with the industrytop managers of mcdonough
Matter transmitter and trading city consider a region with : matter transmitter and trading city consider a region with two standardized products bread and shirts that
Community bank traded office fixtures here are the facts : community bank traded office fixtures. here are the facts old fixtures cost 96000 and have an accumulated depreciation
Three friends are choosing a restaurant for dinner here are : three friends are choosing a restaurant for dinner. here are their preferences rachel ross joey1st
The factors that cause shifts in supply and the importance : the factors that cause shifts in supply and the importance of demand are examined.what is the law of supply and what
You have been hired as a consultant by your mayor to : you have been hired as a consultant by your mayor to evaluate the increase in aggregate demand in the city where you

Reviews

Write a Review

Microeconomics Questions & Answers

  Computing increase in sales volume-price elasticty

Angelica pickles manager a Quick copy franchise White Plains, New York. Pickles projects reducing copy 5¢ to 4¢ each, Quick Copy's $600-per-week profit contribution will increase by one-third.

  What is the equation of budget line

What is the equation of his budget line and sketch the budget line and two possible indifference curves that Herbert

  What are the equilibrium rent and number of rooms?

What are the equilibrium rent and number of rooms? If the college puts a rent ceiling on rooms of $650 a month, what is the rent and how many rooms are rented?

  Calculate the equilibrium price and quantity consumer

Calculate the equilibrium price and quantity, consumer surplus, producer surplus and total surplus under autarky (that is, when Monona has a closed carp market).

  To calculate the real return

One year ago, you bought a bond for $10,000.00. You received interest of $400.00 at the end of the year, as well as your $10,000.00 principal calculate the real return.

  Determine firm profit-maximizing output

Suppose that perfectly competitive firm faces the market price (P) $5 per unit, and at this price the upward-sloping portion of the firm's marginal cost curve crosses its marginal revenue curve at an output (Q) level of 1,500 units.

  Badford services inc bsi is considering a project that

bradford services inc. bsi is considering a project that has a cost of 10 million and an expected life of 3 years.

  Problemyou are required to perform a project appraisal of a

problemyou are required to perform a project appraisal of a proposed new road. the road will be a dual lane by-pass

  What is the income elasticity of these groups of goods

Researchers have found that during the last recession, when income fell by 6 percent, many fast-food restaurants saw their sales increase by 8 percent while the sales of soda fell by 12 percent in grocery stores.

  Question 1 a consider the market represented by the

question 1 a consider the market represented by the schedule in the table below.i draw a diagram. what is the

  Define trade deficit

With a high and growing US trade deficit, many hope that a depreciation of the dollar would help close the deficit. Explain the logic behind this prediction.

  Which of the above costs and values mentioned are irrelevant

the company ABC Inc. bought a machine for automatic playback of " software " at a cost of $ 20,000 ( the "original cost" ) . The expectation was that the machine had a useful life of 5 years , after which have a residual value of $ 5,000 ( "salvage v..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd