How do you add two possibility frontiers (from different regions) together to find the total frontier for the whole country? Information is as follows: Xa = Lx^(1/2) Ya = Ly^(1/2) Xb = 1/2Lx^(1/2) Yb = 1/2Ly^(1/2) Frontiers are: Xa^2 + Ya^2 = 100 Xb^2 + Yb^2 = 25 Thank you!
What kinds of questions does economics address?What are the principles of how people make decisions?What are the principles of how people interact?What are the principles of how the economy as a whole works?What are economists’ two roles? How do they differ?What are models? How do economists use them?What are the elements of the Circular-Flow Diagram? What concepts does the diagram illustrate?How is the Production Possibilities […]
Please help; the person who answered my question was very confusing. Question: A small country is considering imposing a tariff on imported wine at the rate of $5 per bottle. Economists have estimated the following based on this tariff amount: World price of wine (free trade) $20 per bottle Domestic production (free trade) 500,000 bottles Domestic production (after tariff) 600,000 bottles Domestic consumption ( free […]
which of the following is true for a monopolist a) unregulated monopolist ca gain by producing their chosen output at a low cost b) if a firm has a monopoly ,it will always be Able to earn economic profit c)none of the above statements are true
Write a minimum of a five-page essay, using proper APA format, on the topic of unemployment in the U.S. Use a minimum of three scholarly sources. You have the freedom to take any aspect of unemployment that you desire to research.All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. All references and citations used must be in […]
Historically Paris, France received its water from the river Seine. As the city developed, it had to find new sources. Today, majority of the water supply comes from reservoirs built outside the city. It takes a lot of energy to bring the water from these reservoirs to the city, thus creating an externality. The following is true about Parisian water [ all prices are measured […]
In the short run, profits when a competitive firm shuts down are -$7000, and they are -$300 when the firm continues to produce. This firm will minimize losses in the short run by A. either shutting down or continuing to produce. B. continuing to produce. C. shutting down. What are the firm’s fixed costs? A. 7300 B. 6700 C. 7000 D. 300
Discuss how organizational architecture and corporate culture are related. Use an example of a real-life firm and discuss how its corporate culture blends with its organizational architecture. Question: Discuss how organizational architecture and corporate culture are related. Use anexample of a real-life firm and discuss how its corporate culture blends with its organizational…
Qd=160,000-2000P Qs = 40,000+2000P MEC=.0006Qs. Qd is the quantity lots of paper Qs is the quantity supplied and P is the price per lot of paper. The Marginal External Cost=.0006 associated with the production of paper. Suppose the paper mills have the right to pollute. What is the maximum payment recreational users of the streams and rivers affected by the effluent would be willing to […]
Suppose the economy is already in its long run equilibrium. The government then decides to lower government spending. Using the AD-AS model, what will be the short run effect? Price level rises and output is unchanged Price level rises and output rises Price level falls and output falls Price level falls and output rises Consider the huge problem of individual debt which amounts to about […]
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