.- What does the economic evaluation consist of?

Q: Explain all resources that economy relies?

A: Resources are used together to create goods and services.

Q: Table 2 summarizes John's Total Benefit from consumption of pizza per month (measured in dollars).…

A: Marginal benefits = It measures the change in the total benefits if consumer consumes one additional…

Q: 1. Define the Following A. Economics B. Factors of Production C. Scarcity

A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: "choice" and "scarcity".

A: Scarcity: It is basically the difference or gap between the resources available and resources…

Q: 18. The human effort applied to the production of goods is called in economics

A: To find : What is human effort applied to production of good.

Q: What is the methodology of microeconomic analysis

A: Microeconomics is the branch of economics that studies the economy at a micro level like individual…

Q: 4: What does a Production Possibilities Curve depict? 5: What is the Law of Demand? 6: What…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: A: How can explain the micro economics in this advanced age? B: Define the term production?

A: Answer for A part:

Q: Economics? 2. How does it relate to microeconomics?

A: Managerial Economics  Managerial Economics  is a part of economics matters including the utilization…

Q: 14. What assumption is important in using economic model to make predicitons? a) the law of demand…

A: An economic model is a simple version of reality that allows us to observe, understand and make…

Q: 1. Distinguish between Microeconomics and Macroeconomics with their obiectives

A: Micro-economics studies economic issues or economic problems at the level of an individual. Whereas…

Q: 7. What are the four factors of production? Thanks

A: Factors of production: - factors of production are the resources used to produce goods and services.…

Q: 7. Simple economies can be described in terms of three major economic flows. These are: a. income,…

A: The economics as a study is based upon the basic idea that the resources which are present with the…

Q: equilibrium, if a consumer gets 4 units of marginal utility from a pear and the price of a pear is 2…

A: Equilibrium condition : MUx/Px = MUy/Py

Q: 2. Which words best complete the following sentence ? A rational decision maker always chooses the…

A: Marginal cost refers to an addition to the total cost by producing one more unit of output. Marginal…

Q: 11. What kind of approach is used by economists to explain how the economy works? A. Collaborative…

A: The following are the correct options for the given questions.  11) Scientific approach is used by…

Q: 1.Which characteristics a person making handicrafts should acquire to develop marketable products?…

A: 1.Which characteristics a person making handicrafts should acquire to develop marketable products?…

Q: Definition of Economics?

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: 8. What is economic?

A: We know that economics is divided into two major discipline that is microeconomics and…

Q: 3. What methodological comAider ation in Ecanomics will be useful far decision- makKing er policy…

A: Normative economics:- Normative economics is an ideology that argues economics must make moral…

Q: In figure 8, interpret the economic meaning of points A and B. What do the two points have in…

A: Answer: Given:   According to the above figure, the x-axis measures the labor hours per day, and…

Q: 3. What are economic resources? What categories do economists use to classify them? Why are…

A: Economic Resources are the variable inputs which are used to produce goods and services, these can…

Q: 5. Which statement relates to macroeconomics?

A: To find : Which statement is true regarding microeconomics.

Q: What does the economic study consist of?

A: Scarce resources  are those resources that are finite and limited in nature. Resources are required…

Q: 1) How does the concept of scarcity fit into an understanding of economics? How does it relate to…

A: Scarcity refers to the finiteness of a resource, commodity, or capital that has the ability to…

Q: 1. Which of the following is NOTa purpose of having an Economy? O Predict what might happen next. O…

A: Since you have posted multiple questions, we will answer only the first answer, and if you answer…

Q: what is agricultural economics?

A: Agriculture positively is among the most conspicuous areas of any economy. Agricultural economics…

Q: 2.You were planning to spend Saturday working at your part-time job, but a friendasks you to go…

A: The sum explicit and implicit cost is the true cost of gaining skinning. Which include the rental…

Q: 8. Assume that the economy of Belleland can produce a maximum of 400 products. Determine the status…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: Monica like to spend 30 dollars weekly on movies and burgers.movie tickets costs 6 dollar each and…

A: Answer to the question is as follows:

Q: A 50 40 30 E 20 10 10 20 30 40 50 Food Production What this figure represents. Explain. а. b. How…

A: Trade-off is the scenario where an individual has to forgo one good in order to gain the other.

Q: Illustrate the differences

A: The field of economics is distributed into microeconomics, i.e., the analysis of individual markets,…

Q: In which century did Economics become a science?    a) 18  B) 19  C) 17  D) 16  TO) 20

A: Economics has a significant history due to which there is an evolution in the study of economics due…

Q: 3. We are compon operatin MARR calculati

A: * ANSWER :-  (3)

Q: Who are Homo Economicus?

A: Rational choice theory aims to comprehend the economy by considering one person's actions and…

Q: 4. The high cost of child care prevents some poor mothers from working. Consequently, countries…

A: The approach to provide the poor families a lump sum payment to spent on day care or on all the…

Q: explain the role of ceteris paribus in economic analysis

A: Economics is a social science that studies the role of production, consumption, and distribution of…

Q: 1. How is economics a science? 2. Why do economists make assumptions?

A: 1)Economics is a social science, which is related to the concept of governing and be based on the…

Q: What is the need for studying econometrics? What procedures one follows in econometrics

A:

Q: One word Which economics is concerned with the evaluation of the alternative economic situations…

A: According to the given question It is the WELFARE ECONOMICS which is generally considered with the…

Q: 9. How many Thneeds are you willing to produce at C0. How many Thneeds are you willing to produce at

A: Demand and supply  In an economy there is always a demand for goods and services and the supply of…

Q: 1. Explain the economic problem of scarcity.

A: Scarcity refers to a situation in which there is a shortage of desired goods. Normal…

Q: Microeconomics - Budget Line (BL) Ethan is a collector of pokemon cards and stickers. He has $56…

A: Budget line shows different combinations of two good that can be bought with the given level of…

Q: Does Elon Musk suffer from scarcity? Explain.

A: Scarcity is one of the core pillars of the economics subject.