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Q. Assume that capital goods are on the vertical axis of a production possibilities graph and that consumer goods are on the horizontal axis. What would happen to the future production possibilities curve (PPC) on this graph, if today's production of capital goods exceeds the depreciation of capital?
If the market price of the product is 270, how much output should the firm produce in order to maximize profit. How much profit will this firm make.
When Betsy goes to make her list for tomorrow she is upset that she didn't get everything done. In a well-written paragraph explain the economics behind her inability.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
What is the social optimum quantity and price. Calculate the total surplus in the market equilibrium, at the social optimum and with the tax.
Between two production technologies firm can choose a new product line. If it installs expertise 1, it's annually costs.
A machine used to cereal boxes dispenses, on the average, ounces per box. What is the largest value.
The factory operation creates smoke that affects nearby homeowners, causing respiratory ailments and similar problems.
Explain how each of the following variables will be affected by proposed steps that you have identified in the first part of the discussion: money supply, interest rates, inflation rate, aggregate demand, and output. Provide support for your respo..
She is considering quitting her job and going to university full time for four years.
Caught up in broad social and economic disaster that swept the Mediterranean basin during the twelfth century BCE, what seems to have happened to the civilization of people.
Explain the paradox of why new cars usually lose a large fraction of their market value the moment they are driven from the showroom. Identify the economic principle that explains this paradox.
What are the factors that affect pay differentials? How does each factor increase or decrease relative wages?
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