What are the four supply factors of economic growth

Assignment Help Business Economics
Reference no: EM13851315

What are the four supply factors of economic growth? What is the demand factor? What is the efficiency factor? Illustrate these factors in terms of the production possibilities curve. What are the four supply factors of economic growth? What is the demand factor? What is the efficiency factor? Illustrate these factors in terms of the production possibilities curve.

Reference no: EM13851315

Questions Cloud

Dividend compounded semiannually with face value : How much do you have to pay for a bond rate that pays 6% dividend compounded semiannually, with a face value of $5,000 that is going to be paid (maturity) in 5 years? The buyer wants to have an interest rate profit of 8% compounded semiannually.
Government increases both taxes and government purchases : Suppose the government increases both taxes and government purchases by $10,000. Assuming that the marginal propensity to consume is 0.75, calculate the change in private saving, government saving, and total saving. Then draw a graph of the loan able..
Equal increases in aggregate demand and aggregate supply : Other things equal, what effect will each of the following have on the equilibrium price level and the level of real output? Equal increases in aggregate demand and aggregate supply. An increase in aggregate demand in the steep portion of the aggrega..
Effects of equilibrium price level and level of real output : Other things equal, what effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram to show the expected effects of the equilibrium price level and the level of real output.
What are the four supply factors of economic growth : What are the four supply factors of economic growth? What is the demand factor? What is the efficiency factor? Illustrate these factors in terms of the production possibilities curve. What are the four supply factors of economic growth? What is the d..
Eliminating the payer affect supply-demand and price : Why is the cost of health care so high in the U.S. and the U.S. does not have the best system. If a person has co-pay health insurance what does he/she base his/her purchase decision on, the real price or what actually comes from his/her pocket? How ..
Hiring salesperson to promote smoking cigarattes : A tobacco company is interested in hiring a salesperson to promote smoking cigarattes in nightclubs. The position pays a flat salary of $50,000, regardless of sales levels. During their first year on the job, what are the expected sales of Patty and ..
Compute the average annual growth rate of per capita GDP : Growth rates of per capita GDP: Compute the average annual growth rate of per capita GDP in the each of the cases below. The levels are provided for 1980 and 2010, measured in constant 2005 dollars.
Short-run production function-show the range of labour : A restaurant owner has the following short-run production function: Draw a table showing total, marginal and average product up to an input of ten workers, and plot these on a graph. If workers can be hired for $40 per day and the average meal is $6,..

Reviews

Write a Review

Business Economics Questions & Answers

  What happens to the mrs

what is the marginal utility of X? If a consumer moves downward along an indifference curve, what happens to the marginal utilities of X and Y? What happens to the MRS?

  How much does the quantity of household change in shortrun

If the price increases by 10 percent, by how much does the quantity of household (a) natural gas and (b) electricity change in the short run and in the long run?

  A monopoly producing a chip at a marginal cost

A monopoly producing a chip at a marginal cost of $6 per unit faces a demand elasticity of ?2.5. Which price should it charge to optimize its profits?

  Two alternative ways of increasing output

John Wilson, the owner of a fast-food restaurant, estimated that he can sell 1,000 additional hamburgers per day by renting more automated equipment at a cost of $100 per day. Alternatively, he estimated that he could sell an extra 1,200 hamburgers p..

  In what sense does the fed create money

In what sense does the Fed "create money"? Suppose that the minimum required reserve ratio for banks was 1/11. Also suppose that banks held no excess reserves and that currency in circulation was unchanged. What action in the Treasury bill market wou..

  It wants to increase taxes so which the net change

Fearing inflation, it wants to increase taxes so which the net change in the equilibrium level of GDP is zero. By Elucidate how much taxes should be increased

  In the case of perfect substitutes

Use a diagram to explain the following: In the case of perfect substitutes, if the ratio of input prices equals the MRTS, will a unique solution to the firm's cost-minimization problem exist? In the case of perfect substitutes, if the ratio of input ..

  Short-run tradeoff between inflation rate-unemployment rate

Both inflation rate and unemployment rate are closely watched aspects of macroeconomic performances of the economy, and they are also among the key variables guiding macroeconomic policy targets. If you were macroeconomic policymaker, how do you bala..

  The semiannual bond interest payment

M. Poirot wishes to sell a bond that has a face value of $1,000. The bond bears an interest rate of 9% with bond interest payable semiannually. Six years ago, $980 was paid for the bond. At least a 12% return (yield) on the investment is desired.

  Immigration between two countries

The government wants to stimulate the economy. By how much will aggregate demand at current prices shift initially before multiplier effects.

  How much profit does an unregulated monopolist earn

How much profit does an unregulated monopolist earn? How much profit would be earned if MC pricing were imposed?

  Pros and cons of a budget deficit and the national debt

How will a cut in Government Spending of $300 billion with a MPC equal to .75 impact AD, inflation, and output? Why? Make sure to include the appropriate equations and graph. How does the cut in Government spending impact the budget deficit and the n..

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