QUESTION 18 Which of the following best explains why isoquant curves have the "curved" shape that they do? O Increasing rate of marginal substitution. O Decreasing marginal rate of substitution. O Increasing marginal rate of technical substitution. Decreasing marginal rate of technical substitution.

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A: Given:- Machine produces=50,000 pieces Operator earns=$4 Break require servicing=After 476 hours Bre...

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A: since you have asked multiple questions and according to our policy we can only solve the first part...

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Q: A monopolist produces output with the following (inverse) demand function: P=120-Q where P is the ma...

A: P =120-QMC=60TC=60QNow,TR= P x Q     =(120-Q) x Q     =120Q-Q2∂TR∂Q=120-2QMR=120-2QNow,π=TR-TCπ=120Q...

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A: The marginal productivity of capital refers to the change in the total product when one additional u...

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

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A: In an economy, government has the power to deal with different types of unemployment.

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A: the term financial innovation means new ways or innovative financial methodologies. This innovative ...

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Q: Pls help with below homework, explain the correct answer throughly.

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Q: What is the price of one dollar if exchange rate is 1.5 dollar.

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Q: What is microeconomics

A: please find the answer below.

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A: The concept of opportunity cost does not always work since comparing two choices quantitatively can ...

Q: Which concept is NOT illustrated by the production possibilities frontier?    A. tradeoffs  B. effi...

A: The production possibility frontier (PPF) is a bend that represents the potential amounts that can b...

Q: Assume that the government sets a price floor in the market for wheat and the price floor is set bel...

A: Price floor refers to the legal minimum price that can be charged for a good.

Q: 13. In Avengers: Infinity War the character Thanos seeks to use the power of the infinity stones to ...

A:

Q: Are these answers correct? The question is attached as a photo x) This statement is true. If the cr...

A: Cross elasticity of demand refers to the degree of responsiveness of demand for one good due to a ch...

Q: Refer to Figure 3-3. Tanek’s opportunity cost of one burrito is   a.  3/4 taco and Barb’s opportu...

A: Opportunity cost indicates the forgone benefits from the next best alternative. 

Q: Price Quantity Purchased ($) (per Day) 75 65 9 35 alculate the price elasticity of demand between $3...

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Q: Match tne explanation for why people buy more at lower prices with the proper term. Substitution eff...

A: Quantity demanded refers to the quantity of associate item or service that customers demand througho...

Q: Current Account Value Exports of goods 107,941 Exports of services 44,133 Primary income receipts 36...

A: * SOLUTION :-  Based on the given information the calculation as follows.

Q: Which of the following is an example of moral hazard? (hint: please consider all the three condition...

A: Moral hazard is a tricky but vital facet of insurance that you should be aware of. This site tries t...

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A: Since you have asked multiple questions and according to our policy we can only answer the first que...

Q: Dual Mandate: Suppose the central bank has a dual mandate. This implies the following IS-MP-AS model...

A:

Q: What is the significance of financial markets in the country’s economy?

A: Financial market: - it is a market for financial securities where people buy and sell financial secu...

Q: QUESTION 2 Suppose that an economy's production function is y-ALO.5g0.3y0.7, where Y is output, A is...

A:

Q: A country is growing at 3% and has a debt/GDP ratio of 50%. Assuming no money financing, what is the...

A: A real interest rate is one that has been adjusted for inflation, reflecting the real cost of funds ...

Q: The table below represents Freedonia's macroeconomic data for 2003 and 2004. Year Y K L 2003 2000 17...

A: Note : There are multiple subparts of the question. Hence we shall solve the first three sub parts f...

Q: Question 3 (Budget Constraint). Vince consumes gas (x1) and food (x2). Suppose the price of gas is $...

A: Dear student, you have asked multiple sub-part questions in a single post. In such a case, I will be...

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Q: Suppose Joe changes his $1,000 demand deposit from Bank A to Bank B. If the reserve requirement is 1...

A: Suppose the initial demand deposit is %10,000Now, if Joe withdraw $10,000 from Bank AThus, change in...

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Q: Refer to the table below for a very simple economy producing three goods: movies, burgers and bikes....

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A: Given; Utility function; U(x1x2)=x12x23 Prices of good x and good y:- p1=4p2=5 Income; I=$200

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A: Direct taxes, such as income tax, poll tax, land tax, and personal property tax, are one sort of tax...