Production possibilities curve suppose that on the basis of

Assignment Help Microeconomics
Reference no: EM13460648

Suppose that on the basis of a nation's production curve, an economy must sacrifice 10,000 pizzas domestically to get the 1 additional industrial robot it desires but that it can get the robot from another country in exchange for 9,000 pizzas. Relate this information to the following statement: "Through international specialization and trade, a nation can reduce its opportunity cost of obtaining goods and thus 'move outside its production possibilities curve.'"

Reference no: EM13460648

Questions Cloud

A prospective cohort study is run to estimate the incidence : a prospective cohort study is run to estimate the incidence of stroke in persons 55 years and older. all participants
Compare and contrast human service ethics standards with : search the web for ethical standards in the human services field then find at least 5 scriptures describing how we
What do you think should be the role of mncs toward human : what do you think should be the role of mncs toward human rights issues in other countries? what are the major human
Explain the donor process who may donate what type of : explain the donor process who may donate what type of organs may be donated and address religious beliefs on
Production possibilities curve suppose that on the basis of : suppose that on the basis of a nations production curve an economy must sacrifice 10000 pizzas domestically to get the
What is meant by international business ethics should the : 1.what is meant by international business ethics? should the local culture affect ethical practices? what are the
The capability to use time wisely is the skill one shyould : the ability to use time wisely is a skill one must develop. what steps might a person take to better organize and
A student is moving a safe onto a platform the student : a student is moving a safe onto a platform. the student needs to push the safe 2.3 m horizontally and then lift it 1.2
Show your ability to organize data into meaningful sets : a researcher has recorded the reaction times of 20 individuals on a memory assessment. the following table indicates

Reviews

Write a Review

Microeconomics Questions & Answers

  Whether price is elastic or inelastic

2.The demand for a luxury good whose purchase would exhaust a big portion of one's income is: a.perfectly price inelastic b.perfectly price elastic c.relatively price inelastic d. relatively price elastic

  In class we covered the concepts of producers and consumers

in class we covered the concepts of producers and consumers surplus.a. with respect to different government policies

  The government expenditure

What is the government expenditure on this subsidy?What is the deadweight loss as a result of this subsidy?

  Assume you are the manager of abba cable company which

assume you are the manager of abba cable company which provides commercial communication services to the town of canyon

  Assume that supply of gasoline suddenly increases while

given the following information about the market for gasoline quantities in millionsprice per gallonquantity

  Identify an industry that the internet has transformed

• Identify an industry that the Internet has transformed or destroyed. • Then think of a new industry that the Internet has created. • What are the reasons behind the changes

  Explain minimum of two ethical and two legal issues of

in november 2011 the us immigration and customs enforcement agency seized 150 web sites accused of selling counterfeit

  Congress must be happy with your findings you are sitting

congress must be happy with your findings. you are sitting at your desk starring at your very first bonus. your bonus

  Discuss the impact of globalization

Select a United States company with global operations. Discuss the company's activities outside the United States and Discuss the impact of globalization

  Why dont firms continue to get infinitely larger

Externalities are third party consequence of some other action. They can be positive or negative externalities and they impose a benefit or cost to a third party.

  Graph communitys demand curve for cheesecakes assuming that

after her great success making pies with johnny depp in sweeney todd your friend helen b. carter has opened a

  Suppose the person lives for two periods

Suppose the person lives for two periods, U = u(c1) + bu(c2), and can acquire an asset at price q, with c1 = w1 – qa and c2 = (d + q*)a + w2, where d = dividend and q* = selling price.

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