Marginal Rate of transformation
Define? Marginal Rate of transformation?? Describe with the help of an illustration.
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Marginal Rate of transformation or MRT is the rate at which the units of one good encompass to be sacrificed to generate one more unit of another good in a two goods economy.
Assume an economy generates only two goods X and Y. Moreover assume that by employing such resources completely and efficiently, the economy generates 1X + 10Y. If the economy decides to generate 2X, it has to cut down its production of Y by 2 units. Then 2Y is the opportunity cost of generating 1X. Then 2Y:1X is the MRT.
Higher interest rates give incentives for: (w) a corporation to build a new plant. (x) a family to save more. (y) a family to buy a new house. (z) automakers to produce more new cars. Please choose the right answer
I have a problem in economics on Problem on Agency Shop. Please help me in the following question. The Nonunion members can’t ‘free-ride’ in the states with Right-to-Work laws when a company agrees to operate a or an: (i) Closed shop
The employees at times pose principal-agent problems for the firm’s owners in the deficiency of constant monitoring. Such problems are most probable to be lessened when a firm adopts the policy of: (1) dynamically opposing the attempts to unionize. (2) Paying em
When the income distribution is acceptable and no externalities survive, purely competitive market demand curves as: (w) also marginal social benefits curves. (x) inverted marginal social cost curves. (y) horizontal at the market pric
Consumption function: The relationship among income and consumption is termed as consumption function.
For a particular product how do the determinants of demand affect the price?
Assume that a student takes out a college loan which needs 12% annual interest, however later learns that his aunt makes loans to the family members at 5% interest. The student has suffered from the problem termed as: (1) Rational ignorance. (2) Blind indifference. (3
Why borrowing is treated as capital receipts? Answer: Because it rises the liability of government.
Assume that you purchased a ton of gold in Belgium for $450 per ounce and instantly sold all of it in Chile for $480 per ounce. Economists label your movement as: (i) Arbitrage. (ii) Scalping. (iii) Screening. (iv) Speculation. (v) Signaling. Q : Income elasticity of demand Income Income elasticity of demand: Income elasticity of demand is the degree of receptiveness of demand to the modification in income. Discover Q & A Leading Solution Library Avail More Than 1450630 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1925581 Asked 3,689 Active Tutors 1450630 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
Income elasticity of demand: Income elasticity of demand is the degree of receptiveness of demand to the modification in income. Discover Q & A Leading Solution Library Avail More Than 1450630 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1925581 Asked 3,689 Active Tutors 1450630 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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