Please Help, Microeconomics

Assignment Help:

7.Consider the following production possibilities table:


Option Y X
A 0 100
B 80 80
C 120 50
D 140 10

a)Provide a measure of the approximate marginal opportunity cost of an additional unit of X for each interval. Is the law of increasing cost satisfied? Explain. (6 points)
applies when shifting from capital goods to consumer goods.

b) Is the production of 100 units of X and 85 units of Y feasible? Why or why not? If so, is it efficient? (2 points)

C)Is the production of 80 units of X and 75 units of Y feasible? Why or why not? If so, is it efficient? (2 points)

Related Discussions:- Please Help

SAC and LAC, What is the explanation for SAC to be tangent to LAC?(In other...

What is the explanation for SAC to be tangent to LAC?(In other words, why must both be tangent to each other)?

The demand for big macs., illustrate and explain the changing demand for bi...

illustrate and explain the changing demand for big mac using indifference curve and budget line

Differentiate between economic development and growth, Problem: i) Diff...

Problem: i) Differentiate between economic development and economic growth. ii) Describe carefully how, using the expenditure approach, national income is calculated. ii

Price elasticity of demand, Explain why each of the following factors may i...

Explain why each of the following factors may influence the own price elasticity of demand for a commodity. The narrowness of the definition of the commodity

102, why does the quantity of salt tend to be unresponsive to changes in it...

why does the quantity of salt tend to be unresponsive to changes in its price

Token privatisation, Token Privatisation: This implies the sale of 5 per ...

Token Privatisation: This implies the sale of 5 per cent or 10 per cent shares of a profit-making public sector enterprise in the market with the objective of obtaining revenue t

Comparison with our targets - structure of national income, Comparison wit...

Comparison with Our Targets : A proper objective assessment of our performance can be carried out only when we juxtapose our current achievements with: (i) planned or targeted

Write Your Message!

Captcha
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