Question 9 0.5 pts The following table shows how much output a firm can produce as it relates tothe use of both capital K and labor L: Starting from K=2 and L=2, if both inputs are scaled by factor t, then 0 A. If t = 1.5, production exhibits constant returns to scaleO B. If t = 2, production exhibits increasing returns to scaleO C. […]
The marginal product of any input in the production process is the increase in the quantity of output produced from one additional unit of that input. According to the Law of Diminishing Returns, the marginal product of an input declines as the quantity of the input increases over time, other factors remaining the same. In the workplace, you often see diminishing marginal product, where the […]
Consider a drug shop that sells malaria treatment. Product can be stored costlessly from dry to rainy reason but it is impossible to store any crop from rainy to dry season. Dry season demand for malaria treatment is Xd=120-4Pd and the supply of malaria treatment in the dry season is Xd= 6Pd . Rainy season demand for malaria treatment is Xr=360-4Pr and the supply of […]
ABC country was facing a downturn in its economy. All the economics factors, such as production, prices, savings, & investments, of the country started decreasing. In the initial phases of downturn, businessmen were not able to recognize it. They considered it minor fluctuations in the economy, which could be easily handled by Market forces. Therefore, they continued to produce goods and services at the same […]
We know after MDG (Millenium Development Goals) the next thing for development goals is SDG (Sustainable Development Goals). Do you think it’s too early for SDGs as many countries are still falling behind in meeting the most basic goals of MDG?
demand for a firm has been measured by P=100-5Q. indicate price and level of output a profit maximizing firm would choose SolutionOUTPUT PRICE REVENUE COST PROFIT 1 95 95 200 -105 2 90 180 210 -30 3 85 255 220 35 4 80 320 231 89 5 75 375 243 132 6 70 420 256 164 7 65 455 270 185 8 60 480 285 […]
a)Describe the interactions between intergenerational equity and uncertainty in the context of climate change. b)What are the opportunity costs of slowing global warming by reducing carbon dioxide emissions? What kind of “economic problem” can climate change be characterized as? What type of good is “climate change abatement”? explain four of the critiques that Mendelsohn mentioned about the assumptions in Stern Report.
1. Today’s beds are longer than their predecessors; that length is referred to as a:a. California lengthb. Japanese ryokanc. Hollywood sized. Murphy bede. None of the above2. The individual responsible for the full scope of the operation at the unit (hotel) level is generally titled the:a. CFO (chief financial officer)b. CEO (chief executive officer)c. GM (general manager)d. MD (managing director)e. COO (chief operating officer)3. The […]
I want to show on a graph external positive benefits, but a decrease in private benefits. I believe this would make contraction to the private benefits curve but don’t know how to show it. If you could draw this out to me with an explanation that would be great.
True or False please explain 1 If the price elasticity of demand is higher in one market than in the other, the optimal pricing strategy is to charge a higher price in the market with the higher elasticity of demand than in the market with the lower elasticity. 2 Economic theory suggests that there will always be illegal immigration into countries that have much higher […]
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more