Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. Interpret the phrases "There is no such thing as a free lunch" and "A free lunch is possible" in terms of the production possibilities curve.
2. Suppose, unfortunately, your mathematics and economics professors have decided to give tests 2 days from now and you can spend only a total of 12 hours studying for both exams. After some thought, you conclude that dividing your study time equally between each subject will give you an expected grade of C in each course. For each additional 3 hours study time for one of the subjects, your grade will increase one letter for that subject, and your grade will fall one letter for the other subject.
a. Construct a table for the production possibilities and corresponding number of hours of study in this case.
b. Plot these production possibilities data in a graph.
c. Does this production possibilities curve reflect the law of increasing opportunity costs? Explain.
Suppose a firm assesses its profit function as: X=profit X= -10-48Q+15Q^2-Q^3 a.) Compute the firm's profit for the output levels of (Q=2, 8, 14) b.) Drive an expression for the marginal profit. c.) Compute marginal profit at Q=2, 8, 14.
In 1951, Coke used to cost $0.37 for a pack of 6, an average house was worth about $16000, and a car was $1400 to 2200. All these goods are much more expensive now, and yet we buy and consume more of these things today than we did in 1951. Does th..
Describe how the opportunity cost of controlling malaria changes as more resources are used to reduce the number of malaria cases.
The solid shaft ABC of length L and variable diameter d is attached to rigid supports at A and C. A torque T acts at the distance b from end A. Given L, b, and d(x), write an algorithm to compute the fraction of T that is carried by segments AB an..
Argentina also has two distributors with values similar to those in Egypt, but both are run by the government. How does this affect the amount you could capture?
Find the mean marginal tax rate for the population. How do these mean rates differ from the actual rates?
Provide an argument to establish that the optimal allocation must be Pareto-ancient. What assumptions have you placed upon the social welfare function?
How does that make budgeting difficult for state governments that are required to balance their budgets?
Let ρ2 represent the true population coefficient of correlation. Suppose you want to test the hypothesis that ρ2 = 0. Verbally explain how you would test this hypothesis.
Assuming that the current production rates are maintained at the three assembly plants, which alternative should management select?
Then use a search algorithm to find a node I farthest from node k. Show that the tree path from node k to node I is a longest path in T.
Explain the Modified private enterprise economy in USA
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd