Which point represents an unattainable combination of goods

Assignment Help Business Economics
Reference no: EM13998908

The figure above shows a nation's production possibilities frontier for apples and oranges.

a. What combination of goods is represented by point A?

b. What combination of goods is represented by point B?

c. Which point represents an unattainable combination of goods?

d. The movement from point C to point D results in a free lunch. What is the free lunch?

Reference no: EM13998908

Questions Cloud

On a graph with time on the horizontal axis : On a graph with time on the horizontal axis and yt on the vertical axis, draw the evolution of output per worker over time. Does output per worker grow in the long run? Explain why or why not.
How should demmert account for each of these expenditures : How should Demmert account for each of these expenditures?
What are some of the factors that affect social mobility : What are some of the factors that affect social mobility? Can these be overcome? Do you believe the structural-functionalist or the social-conflict approach best explains social stratification? Why
Utility maximization is characterized by the tangency rule : Charlie has utility function U(x,y)=24x^1/2+y. If he maximizes her utility, what is the amount of good y that he consumes, when price of x is 4, price of y is 1, and income is 50 (in this case utility maximization is characterized by the tangency rul..
Which point represents an unattainable combination of goods : The figure above shows a nation's production possibilities frontier for apples and oranges. What combination of goods is represented by point B? Which point represents an unattainable combination of goods?
What factors influence a firms competitive strategies : What factors influence a firm's competitive strategies? How would global competition affect those strategies? Use examples to support your answer.
What variables can you use to measure correlations : As you present your topic in this discussion, think about how you would study it. What is your research question and your theory behind it? What variables can you use to measure correlations that are connected to your research question
What are the pros and cons of trade restrictions : What are the pros and cons of trade restrictions? What are the pros and cons of free trade? Which is better in your opinion?
Account for the difference in wages between two industries : What may account for the difference in the wages between two industries that have been highly competitive? Identify and describe each factor and explain its effect on wages. If you make any assumptions about the scenario, state them.

Reviews

Write a Review

Business Economics Questions & Answers

  What are the advantages and disadvantages of fixed versus

What are the advantages and disadvantages of fixed versus floating exchange rates?

  The traditional mortgage loan structure specified

Many years ago, the traditional mortgage loan structure specified:

  How you imagine the invention of cheap electric cars

Electric cars: Now consider the invention of cheap electric vehicles. Explain how you imagine the invention of cheap electric cars would affect the demand for gasoline? Why? Which determinant of demand or supply would be affected?

  Calculate the consumer surplus the producer surplus

Calculate the consumer surplus, the producer surplus, and the total welfare for the competitive equilibrium determined in part (a) of this question.

  Divided into short-run and long-run measures

Each of the following statements is related to the AD-AS model. Using the labels below, decide whether each statement refers to the aggregate demand curve, the aggregate supply curve, or both. Divided into short-run and long-run measures, which diffe..

  Determines level of income-employment and price in economy

Explain what determines the level of income, employment, output and prices in our economy. Do you think current monetary and fiscal policy is working to help the U.S. economy achieve the three economic goals of full employment, economic growth, and s..

  When people have insurance against a certain event

When people have insurance against a certain event, the notion that those people are less likely to guard against that event occurring is called a _____________________ .

  Explain an account and how it helps in recording process

Accounting equation determine effect if any on assets, liabilities and stockholder's equity. Explain what an account is and how it helps in recording process.

  Q recall that is the economy continues to be strong abc

q. recall that is the economy continues to be strong abc company may need to increase its production by about 50

  United nation department of economic

The United Nation's Department of Economic and Social Affairs, Population Division, tracks the total number of foreign-born people by nation.

  Innovation on the equilibrium quantity and price of milk

The invention of a self-milking cow machine allows cows to milk themselves. Not only does this reduce the need for higher-cost human assistance in milking, but it also allows the cow to milk herself three times a day instead of two, leading to both a..

  Was there an ethical breach by toyota in not coming forth

Was there an ethical breach by Toyota in not coming forth when the problem with acceleration was first reported, or was it simply a series of poor business decisions Or was it both Substantiate your response. Given the current situation

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