Less expensive bundles of inputs are associated with

Assignment Help Microeconomics
Reference no: EM13697394

For given input prices, less expensive bundles of inputs are associated with:

A. isocosts farther from the orgin

B. isocosts closer to the orgin.

C. isoquants farther from the orgin

D. isoquants closer to the orgin

Reference no: EM13697394

Questions Cloud

Argue for monopoly in order to eliminate ties inefficiency : In the short run, competition sometimes leads to inefficiency in the operation of our economic system. Many people argue for monopoly in order to eliminate ties inefficiency. Discuss this solution.
Equilibrium price and equal to competitive equilibrium price : A price ceiling is: the minimum legal price that a firm can charge. the maximum legal price that a firm can charge. Above the competitive equilibrium price and equal to the competitive equilibrium price.
Marginal net benefits-marginal benefits-total net benefits : The change in benefits that arises from a one-unit change in quantity is the: marginal net benefits. Marginal benefits, Total net benefits, variable benefits.
Suffer from chronic hunger and malnutrition : More than 840 million people in the world suffer from chronic hunger and malnutrition; approximately 800 million of these people live in developing countries. Discuss three common hypotheses used to explain widespread malnourishment.
Less expensive bundles of inputs are associated with : For given input prices, less expensive bundles of inputs are associated with:
Banks are operating with safety and soundness : How does the government assure the public that (1) Banks are operating with "safety and soundness" (2) that their deposits are protected and (3) that banks are not taking excessive risk in lending and investing their funds? (Federal Reserve, FDIC and..
Suppose the economy is initially in long-run equilibrium : Suppose the economy is initially in long-run equilibrium and the U.S. stock market has a prolonged decrease in shareholder value. Use the AD–AS model to predict short-run changes to real GDP and the aggregate price level. Using the AD–AS model explai..
Government intervention and regulatory change : In the 1980s, the S&L industry was in crisis and the crisis required (1) government intervention (2) regulatory changes and (3) punishment for the perpetrators of the crisis. From 2007 to 2009 the US financial system was in crisis and that crisis als..
Global competition fosters or impedes price discrimination : As markets for some products and services experience greater global competition, what is the likely consequence for the incidence of price discrimination? Do you think global competition fosters or impedes price discrimination?

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd