User Account

All Pages

Possibility curve be downward sloping

Assignment Help Business Economics
Reference no: EM13149337 , Length: 192 words

Why do points on a utility possibility curve represent efficient allocations of resources? Why must the utility possibility curve be downward sloping? Draw a utility possibility curve, and show how it is possible to achieve efficiency by moving from a point within the curve and the axes to a point on the curve. Create a graph on a spreadsheet program

Reference no: EM13149337

Questions Cloud

What can it be sold for now if a buyer desired return : What can it be sold for now if a buyer's desired return is 4 percent per 6 months?
Lowest cost of goods sold for the income statement : Determing ending inventory, cost of goods sold under FIFO, LIFO and Average. Which cost flow method results in lowest inventory amount for the balance sheet, and the lowest cost of goods sold for the income statement.
Prepare cash receipts schedule : Prepare a sales budget for the 1st qtr of 2009. Determine the amount of sales revenue Dorough will report on the first 2009 qtrly pro forma income statement. Prepare a cash receipts schedule or the 1st qtr of 2009.
What are some key characteristics of scientific labs : Laboratory medicine is often divided into the categories of anatomic and clinical pathology -- how are these categories alike or different?
Possibility curve be downward sloping : Why do points on a utility possibility curve represent efficient allocations of resources? Why must the utility possibility curve be downward sloping
Cost of goods sold and gross profit rate : At the beginning of the year, Downtown Athletic had an inventory of $200,000. During the year, the company purchased goods costing $800,000. If Downtown Athletic reported ending inventory of $300,000 and sales of $1,050,000, their cost of goods so..
Discuss the characteristics of monopolistic market : Discuss the characteristics of monopolistic market in detail. Name five different companies that belongs to this market. Compare and contrast monopolistic competitive market with Oligopoly.
Accounts receivable turnover for the period : A company has net sales of $410,000 and average accounts receivable of $82,000. What is its accounts receivable turnover for the period?
Explain our-phase equilibrium of allotropic solid forms : A renowned laboratory reports a quadruple-point coordinates of 10.2 Mbar and 24.1 degrees C for four-phase equilibrium of allotropic solid forms

Reviews

Write a Review

Business Economics Questions & Answers

  Illustrate where y is the amount of output the short-run

A firm has fixed cost of 2,000.Its short-run production function is y+4X and one-half, where x is the amount of variable factor it uses. The price of the variable factor is $3,000 per unit. Illustrate where y is the amount of output the short-run..

  What is the inflation rate

Using Year 1 as the base year, what is the growth rate of real GDP from Year 1 to Year 2? (b) Based on the GDP deflator (GDP Price Index), what is the inflation rate from Year 1 to Year 2?

  Elucidate which among the following is true

Elucidate which among the following is true.

  What are the principles is best demonstrated

When a restaurant stays open for lunch service even though few customers patronize the restaurant for lunch, What are the principles is (are) best demonstrated.

  Illustrate what way do competitive markets

In Illustrate what way do competitive markets have a "natural remedy" for discriminatory hiring practices.

  Differences among the name-your-own-cost model

Illustrate what are the major similarities also differences among the name-your-own-cost model also the electronic tendering system.

  United states trades

Who has the comparative advantage in what product. Once they specialize, how much does output increase. What are the terms of trade if the United States trades 1 can of soda for 5 units of clothing.

  Which of the subsequent industries is most such asly

Which of the subsequent industries is most such asly to be monopolistically competitive. A normative economic statement such as "The minimum income should be abolished".

  Explain which wealthy person has reservation wage

studies on the comparative work habits of the wealthy tell a different story. Research by professors Mark Aguiar. Explain which wealthy person has reservation wage.

  What technology available to produce your product

What technology available to produce your product suddenly improves. You should note whether the scenario indicates a shift of the curve or movement along the curve. You are a supplier of widgets.

  What describe the distribution of national salary

What describe the distribution of national salary among labor and capital in a competitive, profit-maximizing economy with constant returns to scale.

  What factors would your decision to buy that good depend

Consider a good whose consumption takes place publicly. On what factors would your decision to buy that good depend.

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