--%>
Assignment Help - homework help

Problem based on production possibilities curve

Refer to the given production possibilities curve and give  answer of following question . At the onset of the Second World War the Soviet Union was already at full employment. Its economic adjustment from peacetime to wartime can best be described by the movement from point: A) c to point b. B) b to point c. C) a to point b. D) c to point d.

928_6.png

Some one help me in getting out from above question

   Related Questions in Microeconomics

  • Q : How is TVC derived from MC How is TVC

    How is TVC derived from MC? Answer: TVC = Sigma MC

    		•
  • Q : Abolition of exploitation The removal

    The removal of exploitation of labor [that is, wage payments beneath the value to society of each and every individual worker’s productive contribution] is automatic when business decision makers: (v) Should set wages via collective bargaining agreements with th

    		•
  • Q : Problem on excise tax Suppose an excise

    Suppose an excise tax is imposed on product X. We would expect this tax to: A) increase the demand for complementary good Y and decrease the demand for substitute product Z. B) decrease the demand for complementary good Y and increase the demand for substitute product

    		•
  • Q : Consequence of successful product

    Maggie thinks there are main differences among Crest, Colgate, Aquafresh and Rembrandt toothpastes, and eventually chooses Crest. Therefore her perception is mainly a consequence of: (1) successful product differentiation. (2) monopolistic competition. (3) informative

    		•
  • Q : Consumption processing in transaction

    At the front of the grocery store, you understand every cashier is backed up although the twelve-items-or-less lane. You rapidly count items, and dash back to aisle ten to reshelf Coco Puffs you have decided are unessential for surviv

    		•
  • Q : Buyers and sellers as in price-takers

    Price-takers comprise buyers or sellers who are not capable to: (w) resist monopolistic exploitation. (x) influence the prevailing market price. (y) adjust the amounts they buy or sell. (z) make short-run economic profits.

    Q : Long-run economic losses in a

    Expectations of long-run economic losses within a competitive industry as: (1) inevitably follow “cut throat” pricing policies. (2) cause firms to leave the industry. (3) increase each firm’s long-run fixed costs. (4) create pressure

    		•
  • Q : Condition for long-run equilibrium

    Which of the given is NOT a condition for long-run equilibrium into a purely competitive market: (w) P = MC (x) MR = MC (y) P = LRAC (z) TFC = TC Can anybody suggest me the proper explanation for given problem rega

    		•
  • Q : Illustrations of Micro economic

    Give two illustrations of Micro economic variables studies. Answer: a. Individual demand b. Individual savings

    		•
  • Q : Pure competition and monopolistic

    Pure competition and monopolistic competition are: (1) polar opposites on the continuum of market structures. (2) the two market structures in that firms are pure quantity adjusters. (3) both characterized by an absence of barriers to long run entry a

    		•