Q: a) What is implied by the assumption that the economy is competitive for the returns to the factors…
A: There are a large number (H) , living in a competitive decentralized economy.
Q: Discuss the significance of the study of business economics to every manager.
A: business economics helps a manager to take decisions and solving the problem in day to day life of a…
Q: Graph of TB & TC from Hours Working: The graph below measures the benefits and costs from working,…
A: Net benefit is the difference between total benefit and total cost. NB = TB - TC
Q: WHAT DO YOU MEAN BY THE INDIVISIBILTY OF THE FIXED FACTOR IN ECONOMICS EXPLAIN IT thanku
A: In simple words we can say that the Indivisibility of the general fixed factor means that a small or…
Q: Graph of TB & TC from Hours Working: The graph below measures the benefits and costs from working,…
A: Net Benefit is calculated using the formula = Total Benefit - Total cost
Q: What is the economic problem? a. less profit Ob. liquidity Oc. Scarcity O d. unlimited resources
A: Economics aims to allocate the resources in such a manner so that the most efficient outcome is…
Q: What is the difference between interest and profit? Who earns interest, in return for what…
A: The disparity between a company's income from its outputs and the opportunity costs of its inputs…
Q: e problem of gl
A: Managerial economics is a branch of economics which involves the application of economic methods in…
Q: You produce shoes (Q) with labor (L) and capital (K). The production process is as so: Q = 400L -…
A: Answer to the question is a s follows :
Q: If capital and labour are perfect complements then the marginal products of capital and labiour are…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: Each worker gets equal pay. Fill in Average Product and Marginal Product. At what input level will…
A: Average product is the output produced by each unit of worker and marginal product is the additional…
Q: dw - Prove that MFC = w+L¬. Explain fully what the equation says.
A: Marginal Factor Cost is defined as the extra cost which is incurred by the monopsonist when he…
Q: What made adam smith the best economist? Give key points and pls explain each
A: An economist is a person who analyses decision making of individuals and uses data analysis based on…
Q: Economics A firm's marginal product is 12 and its marginal product of capital is 4 A)Assuming that…
A: Marginal Product of Labor: MPL=12 Marginal Product of Capital: MPK=9 Wages: w=9 Interest : r=3…
Q: Question: If corporate profit were defined by using the price of capital, then, having a tax on…
A: Corporate profits is the portion of the income that is earned from current production.
Q: SMES ARE A MAJOR SOURCE OF TECHNOLOGICAL INNOVATION AND NEW PRODUCTS. a. True. O b. False.
A: When some quantities of product is manufactured, cost takes place and process of business follow…
Q: Which of the following is never negative? * average product marginal product O production elasticity…
A: 1) From the given options, the average product can never be negative. This is because the average…
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A: The rate of interest is the percentage (%) of a loaned sum that a lender charges the borrower as…
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A: The different factors of production include capital, land, labour, and entrepreneurs. These are…
Q: The manager of a pizza shop must decide how much pizza he will produce at a given price. Which of…
A: Consumer income refers to money earned by a consumer through employment or investment, such as…
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A: Some of Weber's ideas were included into Fayol's theories. Fayol, unlike Weber, was concerned about…
Q: Offshoring of Goods and Services – End of Chapter Question Consider the model of a firm that…
A: Step 1: Total costs (TC) in components and R&D consists of payments to capital and labour (High…
Q: 8. Suppose a firm is using two inputs, labor and capital. What will happen ifthe priçe óf (labor…
A: The average cost of a firm is the value obtained by dividing the total cost of the firm with the…
Q: Explain the process of accumulation as Smith and Marx saw it (Note: The descriptions by Smith and…
A: Since you have asked multiple questions, we will answer the first-two parts for you. If you want any…
Q: Using the value marginal product concept, what do you expect if the price of the product sold falls?…
A: Marginal Product The marginal product of an input is the additional output that results from adding…
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A: Game theory is used to model different strategies between two or more players. That is where we find…
Q: Passive factor of production is
A: To find : Which is passive factor of production.
Q: Describe of What utility did we get from managerial economics course?
A: Managerial economics is a branch of management studies that focuses on using macro and microeconomic…
Q: Assume that a competitive economy can be described by a constant returns to scale, Cobb–Douglas,…
A: Labor share of total income refers the income that obtained due to using the labor.
Q: Select the two options that belong in positions F and K. Firms Goods and Services Purchased Wages,…
A: The circular flow model is an economic model that presents how money, goods, and services move…
Q: he concept and give other applications of the learning curve. What does 90 percent learning curve…
A: A learning curve refers to the graph that shows the relation between the performance of the learner…
Q: although finished goods are scarce, the inputs to produce them are not scarce. true false
A: although finished goods are scarce, the inputs to produce them are not scarce.
Q: Illustrate the Engineer's role in Business?
A: Engineer's are by and large engaged with plan of creation process,product's,production and upkeep of…
Q: 5. Given Q = 10 K 04L00 a) Find the marginal productivity of capital and labour. b) If the company…
A: Note: There are two different questions posted together. Please post your questions separately.…
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Q: Adam Smith's "Invisible Hand" theory depends upon the concept that business owners will help the…
A: Adam Smith known as the father of Economics given the concept of the invisible hand in which he…
Q: Business cycles are a. movements in stock prices. O b. the transfer of executives between firms. c.…
A: Gross domestic product refers to the value of final goods and services produced in an economy over a…
Q: What is managerial economy
A: Economics is considered to be a very vast area of study, as it involves discussions regarding…
Q: Managerial economics involves the application of economic theory and decision science. POONAM CHAND.…
A: The idea of managerial economics is an expansive idea liable for staffing, arranging, coordinating,…
Q: What is the difference between short-run and long-run in economics?
A: The long-run and the short-run time period is different for different industries. Such as, for a…
Q: Which of the following is/are not a factor of production? O a. Enterprise O b. Land O c. Capital O…
A: Production refers to the process of transforming inputs into output. Inputs in the production are…
Q: er's ownership land rental ecropping r E's production function is y = 20 x VT (Yis the final output,…
A: Solution given below,
Q: Importance of managerial economics to accountancy.How they are connected?
A: A stream of management theory that focuses primarily on solving business problems and different…
Q: marginal principe a)Derive the equal marginal principle. (i)What dose it state?(ii) can you…
A: Equi- Marginal Principle is known as the Principle of Maximum Satisfaction. It describes how person…
Q: happens to the marginal product labor? Y=zF(K,N) Labor (N) O It increases O It decreases O It…
A: The production function depicts the technical association between the quantities of output (Q) that…
Q: What is the relationship between average production and managerial production?
A: Total product refers to the output amount that can be produced by a given amount of variable factor,…
Q: identify whether it best applies to lean businesses (L) or traditional businesses (T). Uses push…
A: Definition: Lean Business Model: Lean Business Model is a strategic approach to business where the…
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- Q) What are some economic opportunities and challenges for an ageing population? Can you show this with an economic model. Solve this now. But no copy paste answer providd. Not copy pastewhat is econmy?Which is microeconomics or macroeconomics? a) A comparison of alternative tax policies and thier respective impacts on the rate of the nation's economic growth b) the effect of government regulations on car emissions c) the decision by Mc Donalds to hire fewer workers becuase of an increase in the minimum wage d) the stock market plunges by 1000 points due to uncertainty
- Please help with this q for economicsWhich of the following is NOT a way that point F can become attainable? Select one: a. More workers b. Better allocative efficiency C. Better training for the workers d. Technological improvementsI can't figure out how to solve this Econ problem; please help. Thank you!
