The production possibilities curve shows the

Assignment Help Business Economics
Reference no: EM13996776

The production possibilities curve shows the:

A. various combinations of two goods that can be produced when society employs all its scarce resources.

B. minimum outputs of two goods that will sustain a society.

C. various combinations of two goods that can be produced when some resources are unemployed.

D. ideal, but unattainable, combinations of two goods that would maximize consumer satisfactions.

Reference no: EM13996776

Questions Cloud

Denise and christy have the same preferences and incomes : Denise and Christy have the same preferences and incomes. Just as Denise arrived at the theater to see a play, she discovered that she had lost the $20 ticket she had purchased earlier. If both Denise and Christy are rational and both have enough mon..
Example of price discrimination : Which of the following is an example of price discrimination?
Which a firm is able to charge the maximum price consumers : The situation in which a firm is able to charge the maximum price consumers are willing to pay for each unit of output the firm sells is referred to as:
As a currency appreciates : As a currency appreciates:
The production possibilities curve shows the : The production possibilities curve shows the:
Risk neutral principal hires risk neutral agent to work : A risk neutral principal hires a risk neutral agent to work on a project. The project can either yield high output h or low output l. The probability of h depends on the agent’s unobservable effort e. With probability 1 − e the output is low.
Business as a monopolistically competitive firm : Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm. What would be you..
Analyze the labor market with a minimum wage : President Barack Obama's quest to raise the federal minimum wage to $10.10 an hour would eliminate about 500,000 jobs by 2016 but increase pay for millions of American's and lift nearly a million out of poverty, a Congressional Budget Office report f..
What are the economic benefits of the flu shot : Using the Internet, research the influenza vaccine, or "flu shot." Use the following to guide your research: What are the economic benefits of the flu shot? Describe one (1) reason why the private market for flu vaccinations would produce an ineffici..

Reviews

Write a Review

Business Economics Questions & Answers

  Corporations structure and culture be internal strengths

In what ways may a corporation’s structure and culture be internal strengths or weaknesses? Look at your organization, and analyze its structural and cultural strengths and weaknesses. How can the weaknesses be improved?

  Attempt to bring lenders and borrowers the financial crisis

In an attempt to bring lenders and borrowers together following the financial crisis of 2008, the federal reserve made a large amount of new funds available to financial markets. Any of these loaned out by banks would be classified as __________ of t..

  How much influence does the company have

Illustrate what inconsistent other than price appear to have the biggest impact on the demand products. How much influence does the company have over these inconsistent.

  Characterize what is the firms optimal output

In the market of identical firms, the market demand function is Q=1000-1000P. The marginal cost is the same for all firms, mc=0.28. Characterize what is the firm’s optimal output and price when there is a single firm in the market. Characterize what ..

  Calculate the gdp of autoland using the final goods approach

An automobile factory sold $10,000,000 in automobiles to final consumers. Given these events, calculate the GDP of Autoland using a. the final goods approach. b. the value-added approach.

  The goldilocks scenario can best be described

The Goldilocks scenario can best be described by:

  Prepare the income statement and retained earnings statement

Prepare the income statement and retained earnings statements for the year and the classified balance sheet at August 31.

  What indifference curves and budget constraints

What indifference curves and budget constraints to explain how an individual labor supply is affected by qualifying for the TANF program?

  How does economic cost work

How does economic cost work? I know that economic cost: cost of resources used to produce a good, this includes opportunity cost. I don't understand how opportunity cost is included in that though, can someone give me an example?

  Illustrate was the present value these future profits

A firm will have constant profits of $100,000 per year for the next four years and the interest rate is six percent. Assuming these profits are realized at the end of each year, what is the present value these future profits?

  What is crowding-in effect

What is "crowding-in" effect? Explain the factors which determine the strength of the crowding in effect. What is "crowding out"? Why is it important in discussions of fiscal policy?

  Briefly contrast how firms in a perfectly competitive market

Briefly contrast how firms in a perfectly competitive market will respond to long-run profits and losses. Include an explanation of each response affects the price level

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