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!
Q. Imagine a society that produces military goods and consumer goods, which we'll call "guns" and "butter."
a. Draw a production possibilities frontier for guns and butter. Using the concept of opportunity cost, explain why it most likely has a bowed-out shape.
b. Show a point that is impossible for the economy to achieve. Show a point that is feasible but inefficient.
c. Imagine that the society has two political parties, called the Hawks (who want a strong military) and the Doves who want a lesser military. Illustrate a point on your production possibilities frontier that the Hawks might choose and a point that the Doves might choose.
d. Imagine that an aggressive neighboring country reduces the size of its military. As a result, both the Hawks and the Doves reduce their desired production of guns by the similar amount. Explain which party might get the bigger "peace dividend," calculated by increase in butter production? Explain.
Why did people believe the difficulties Aisian economies were expericing in 1997-1998
Suppose that firm A and firm B can form a joint venture to pursue either or both of their R&D programs.
What is the marginal rate of substitution (MRS) and why does it diminish as the consumer substitute's one product for another. Use examples to illustrate.
Using the numbers that you calculated above, explain the relationship between the marginal cost and average variable cost.
If the government uses a tax to get producers to internalize their externality, what is the net price received by producers.
What do you imagine about the interest on payday loans is too high or just right.
What is the market equilibrium cost. What is the equilibrium number of firms in the market.
Willie will receive all his operating expenses, and in addition will receive $2,000 each year for the decline in value of the automobile.
Assume that the firms form a cartel to maximize total industry profits. Determine the optimum output as well as selling cost for each firm.
Why do monopolistic competitors have a tendency to advertise much more than perfectly competitive firms?
Discover the payout ratio rounded to the nearest whole percent, and explicate what a payout ratio means.
Assume that neither country experiences population growth nor technological progress as well as that 5 percent of capital depreciates each year
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