What will be the slope of this tangent line

Assignment Help Econometrics
Reference no: EM13188106

The hypothetical figures in the table below give five alternate combinations of steel and autos that Japan and South Korea can produce it they fully use all factos of production at their disposal with the best technology available to them. After sketching the production possibilities schedules where steel is located on the vertical axis and autos on the horizontal axis for Japan draw a tangent line to Japan's autarky point (600,500). What will be the slope of this tangent line?

Japan South Korea
Steel Autos Steel Autos
520 0 1200 0
500 600 900 400
350 1100 600 650
200 1300 200 800
0 1430 0 810

Reference no: EM13188106

Questions Cloud

How would you counter the union officials arguement : In an effort to stop the migration of many of the automobile manufacturing facilities from the Detroit area, Detroit's city council is considering passing a statute that would give investment tax credits to auto manufacturers. Effecively, this wou..
State a number average-degree of polymerization : Twenty wt % of a styrene oligomer having a number average-degree of polymerization of 7 is mixed with a commercial polystyrene sample having a number average
Create a clustered index on the groupid column : Write the CREATE INDEX statements to create a clustered index on the GroupID column and a nonclustered index on the IndividuallD column of the GroupMembership table.
Find the volume v of water in the bowl : Consider two cases: one in which the ball is not completely submerged and the other in which it is.
What will be the slope of this tangent line : The hypothetical figures in the table below give five alternate combinations of steel and autos that Japan and South Korea can produce it they fully use all factos of production at their disposal with the best technology available to them. After s..
Explain what would happen if too much triethyamine : What would happen if too much triethyamine was added to the reaction? Also if you added too much acrylic acid?
Which of the following shows the equation balanced : Which of the following shows the equation balanced?
Determine the utility-maximizing combination of goods : Roger spends all of his money on racquetballs and food. What would happen to Roger's budget line if his income increased by 10 percent, holding prices constant a)it would shift inward b)it would pivot about the axis for foodc)it would pivot about t..
Determine how many grams are in one mole of salt : Determine how many grams are in 1 mole of salt. How many individual ionic compounds of NaCl are in 1 mole

Reviews

Write a Review

Econometrics Questions & Answers

  Find percentage change in real income with index numbers

Assume that nominal income is $35,000 and the price index is 1.20 in year 1. In year 2, nominal income rises to $38,000 and the price index rises to 1.25. What was the percentage change in real income from year 1 to year 2? Make your calculations ..

  Estimate the annual operating and maintenance costs

Growth Fertilizer purchases a gravity settling tank by borrowing the $50,000 purchase price. The loan is to be repaid with four equal annual payments at an annual compound rate of 15%. It is anticipated that the tank will be used for 9 years and t..

  Find probability of a major earthquake in the coming year

Helen just bought a house for $250,000. Earthquake insurance, which would pay $250,000 in the event of a major earthquake, is available for $25,000. Helen estimates that the probability of a major earthquake in the coming year is 10 percent, and t..

  How to solve for market equilibrium price and quantity

Use the following equations for demand and supply to solve for market equilibrium price and quantity: Demand: Qd = 100 - 4P Supply: Qs = 10 + 6P

  What is the marginal product of the 3rd pound of rubber

Marginal revenue product is defined as the change in total revenue that results from the employment of an additional unit of a resource. A widget producer wishes to determine how the addition of pounds of rubber will affect its MRP and profits. Se..

  What is the highest rate the student can accept

A student wants to buy a car. The car's sticker price is $24,000. The student cannot afford the dealer's terms - 12% interest for 60 months, because the student only has a $500 monthly disposable income. What is the highest rate the studen..

  Determine the price elasticity of demand curve

Given the following demand curve Q=100 - 2P determine the price elasticity of demand at the following prices. 1. P = 10, Elasticity = 2. P = 30 Elasticity = ?

  Determine the units of labor to be hired

The production function F(L) = 6L^(2/3). Suppose that the cost per unit of labor is $8 and the price of output is 4, how many units of labor will the firm hire?

  What does the lrbc say is the new pv

The projects start to pay off in year 1 and continue to pay off all years thereafter. Interest is paid in perpetuity, in year 1 and every year thereafter. In addition, assume that if the projects are not done, then GDP=Q=C=$200 in all years, so th..

  How much money is invested at the end of year 10

At the end of each year, a worker invests $2,000 into an account the draws 4% interest. The worker makes every payment for the next 30 years except for the payment at the end of year 10. That is, no money is invested at the end of year 10. How muc..

  What is the expected return on the equity

Company A just paid a $3.00 dividend per share. The dividend is expected to grow at a 4% rate indefinitely. The beta of the stock of Company A is 1.5. The market risk premium is 8% and the risk-free rate is 3%. (a) What is the expected return on t..

  Determine the economic service life and corresponding aw

A new gear grinding machine for composite materials has a first cost of P=$100,000 and can be used for a maximum of 3 years. Its salvage value is estimated by the relation S=P(0.85)n, where n is the number of years after purchase. The operating cost ..

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