What is the cost to lavaland of moving from point e

Assignment Help Business Economics

Reference no: EM1356012

1. "Efficiency implies that is possible to obtain gains in production of one good without losses in another" True or false? Explain

2."Inefficiency implies that is impossible to obtain gains in production of one good without losses in another" True or false? Explain

(b) What is the cost to Lavaland of moving from point A to point B on its PPC?

(d) Illustrate what general economic principle is being illustrated by your answers to part (b) above? Explain.

(e) If the Lavaland economy is currently producing 7 tanks and 9 pizzas, what would you conclude about its use of available resources? Explain.

Reference no: EM1356012

Questions Cloud

Diagnosis with the diagnostic statistic manual : You decide to prepare for these interviews by reviewing some of the basics of assessment and diagnosis with the Diagnostic Statistic Manual IV (DSM-IV).

Explain how would one determine the opportunity cost : President Bill Clinton assigned his wife the task of developing a national health insurance plan to increase the availability of medical care for the poor. Explain how would one determine the opportunity cost of the proposal.

Bonds payable and journal entries : On June 1, 2007, Rehman, Inc. issued $600,000, 6% bonds for $587,640, which includes accrued interest. Interest is payable semiannually on February 1 and August 1 with the bonds maturing on February 1, 2017. The bonds are callable at 102.

Explain the term arbitrage profits mean : Determine new problems and factors are encountered in international as opposed to domestic financial management and explain the term arbitrage profits mean

What is the cost to lavaland of moving from point e : What is the cost to Lavaland of moving from point E to point F. Illustrate what general economic principle is being illustrated.

Prepare pension worksheet-journal entries : Buhl Corp. sponsors a defined benefit plan for its employees. On January 1, 2008, the following balances relate to his plan: Using the data above, compute pension expense for Buhl Corp. for the year 2008 by preparing a pension workheet that shows ..

Describe alternate paths or actions in bank-s account : Describe alternate paths or actions that could have been taken, and why those alternate actions would have been ethical or not.

Description of international economics : What other real-world examples of changes in "consumer's tastes" do you have to share? How have these changes affected (increased or decreased) demand?

Estimation of external financing needed : Take the firm's most recent financial statements and project a 10 percent increase in sales. Estimate whether, and how much, external financing would be needed to support the projected increase in sales

User Account

All Pages