draw the nation production possibility curve

Q: Draw the cost curves for a typical firm. Explain how a competitive firm chooses the level of output ...

A: Hi Student, Thanks for posting the question. As per the guideline we are providing answer for the fi...

Q: A local car dealer is advertising a standard24-month lease of $1,150 per month for its new XT3000 se...

A: Standard Lease: Interest rate = 6% p.a. compounded monthly.The effective rate of interest is given b...

Q: The circular-flow diagram illustrates that, in marketsfor the factors of production,a. households ar...

A: Option ‘a’ is correct Option ‘a’- The circular-flow model has the market for the factors of producti...

Q: Consider your decision about how many hours towork.a. Draw your budget constraint assuming thatyou p...

A: a. In the above diagram BL' represent the budget constraint when there are no taxes on income and B...

Q: Which of the following is an example of an automaticstabilizer? When the economy goes into a recessi...

A: Automatic Stabilizer works when a country goes through a recession and in order to maintain GDP leve...

Q: oil prices rises sharply what happen to demand and why

A: Oil and oil based products are necessary for today's life like crude oil - petrol, diesel etc. In th...

Q: Explain whether each of the following events shiftsthe short-run aggregate-supply curve, the aggrega...

A:   a.       When households decide to save a large share of their income it leads to decrease in the ...

Q: The market for peanut butter in Nutville ismonopolistically competitive and in long-runequilibrium. ...

A: Hi thanks for the question. Since there are multiple subparts in the question, we will answer for th...

Q: Lorena likes to play golf. The number of times per year that she plays depends on both the price of ...

A:  

Q: Convey how purely competitive firms can use the total-revenue–total-cost approach to maximize profit...

A: Purely competitive market is a market place where pure competition is  a part and parcel of perfect ...

Q: Economists Kenneth Chay and Michael Greenstone found that in the two years following the passage of ...

A: There is strong evidence that pollution has a negative impact on health and increases the risk of de...

Q: Explain how the income from production is distributed to labor and capital according to the neoclass...

A: It shows the division of National income among factors of production. The assumptions made under thi...

Q: An American buys a pair of shoes made in Italy.How do the U.S. national income accounts treatthe tra...

A: A net export refers to the difference between imports and exports. Thus, an increase in imports caus...

Q: 2. Suppose that each firm in a perfectly competitive market has a short- run total cost of TC = 75 +...

A: TC= 75 + 500Q - 5Q2 + 0.5Q3 MC= 500-10Q+1.5Q2  

Q: Suppose that purely competitive firms producing cashews discover that P exceeds MC. Is their combine...

A: The allocative efficiency occurs where the P = MC as the price measures the benefits that society ge...

Q: List and explain three non-price determinants of demand. Explain how a change in each of them can af...

A:     The non-price determinants of demand are an important factor which changes the demand of goods i...

Q: Discuss the efficiency of oligopoly from society’s standpoint and whether it is more or less efficie...

A:   Meaning of Oligopoly Market: Oligopoly is a form of market in which there are a few big sellers of...

Q: The size of the uninsured and underinsured population in the United States has become an indication ...

A: 1. If people are not obtained the insurance or fail to obtain full coverage insurance, then they are...

Q: True or false. “To the extent that they succeed in their goals, unions only ever reduce productivity...

A:  It is true that unions tie the hands of the management and lead to slow decision-making. When trade...

Q: Please ASAP. Thank you. QUESTION Morbidity is defined as?   A. The presence of disease   ...

A: 1. Morbidity refers to the situation of possessing disease, symptoms of disease or existence of the ...

Q: “Even if a firm is losing money, it may be better to stay in business in the short run.” Is this sta...

A: Yes, in the short run, it may be better to run the firm even if it is losing money.

Q: What started your company?

A: Company’s Profit:The amount that left with the company after paying all the expenses of the company ...

Q: Economics Question

A: Hi, thank you for the question. As per our Honor code, we are allowed to attempt only the first thre...

Q: What does behavioral economics have to say about each of the following statements? a. “Nobody is tru...

A: There are many other theories and concepts under behavioral economics that would relate to the chari...

Q: I need scenario 3 answered!  Scenario 1: Suppose that, as part of an international trade agreement, ...

A: Tariff refers to the situation where the government imposes tax on the imported goods in order to re...

Q: If the business community becomes more optimisticabout the profitability of capital, the _________cu...

A: Behavioral optimism refers to the positive attitude of gaining positive outcome from the investment ...

Q: Complete the following table.     Units           TFC       TVC    TC       AFC       AVC      AC  ...

A:

Q: Monopolistically competitive firms could increase the quantity they produce and potentially lower th...

A: Profit maximization condition of a monopolistically competitive firm is where, MC = MR. so, they try...

Q: Many years ago, Sophie paid $500 to put together arecord collection. Today, she sold her albums at a...

A:   Meaning of GDP (Gross Domestic Product): The Gross domestic product at current price is the market...

Q: Q .Draw graphs to illustrate difference between a decrease in the quantity demanded and decrease in ...

A: A decrease in the quantity demanded implies a rise in the price which leads to a movement along the ...

Q: Suppose that after a few mergers and acquisitions, onlyone bank holds 70% of all deposits in the Uni...

A: Yes, this would be considered as a big fail because deposits in one bank would lead to monopoly of a...

Q: The unlabeled red curves in this figure illustrate the:   a. long-run average-total-cost curves of v...

A: Long run average cost function is U shaped while the curve connects all the costs are connected with...

Q: Most economists believe that classicalmacroeconomic theorya. is valid only in the long run.b. is val...

A: In economics, there are two periods that are studied to understand the effect of economic fluctuatio...

Q: 1. Differentiate trade-off from opportunity cost.   2. If the government is to redistribute income f...

A: Trade-off and opportunity cost are closely related terms but not identical terms. Trade-off denotes ...

Q: The Harris Foundry Company purchased newcasting equipment in 2010 at a cost of $190,000. Harris also...

A: (a)   Cost basis can be calculated as follows.     Thus, the cost basis will be $215,000.

Q: The cost of producing flat-screen TVs has fallen overthe past decade. Let’s consider some implicatio...

A: Equilibrium in the market is attained when the market forces of demand and supply become stable and ...

Q: 1. We know the firm is a price taker because:   a. its MC curve slopes upward. b. its ATC curve is U...

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,...

Q: In the model of aggregate demand and aggregatesupply, the quantity of _________ is on thehorizontal ...

A: In macroeconomics, the aggregate demand represents the total demand for final goods and services pro...

Q: Five roommates are planning to spend the weekendin their apartment watching movies, and they aredeba...

A: