--%>
Assignment Help - homework help

Production Costs in generating goods

Production possibilities frontiers be inclined to concave (or bowed out) from the origin as: (1) goods differ in their capacities to gratify individual needs. (2) A land, labor and capital mix is needed for all the production. (3) People vary in their responses to the production incentives. (4) All resources are uniformly suited for generating all the goods. (5) Resources differ in suitability for generating various goods.

Can someone explain/help me with best solution about problem of Economics...

   Related Questions in Microeconomics

  • Q : Equilibrium price in the short run The

    The equilibrium price for Christmas trees in the short run is: (w) P1. (x) P2. (y) P3. (z) P4.

    Q : Example of how marginal utility

    An illustration of how marginal utility diminishes takes place when: (1) Todd only requires 180 screws for his bike repair shop however purchases a box of 200 screws. (2) Amy Sue decides she would instead contain 150 hogs than 151 on her pig farm. (3)

    		•
  • Q : Normal market supply curves I have a

    I have a problem in economics on Normal market supply curves. Please help me in the following question. The actuality that normal market supply curves slope upward is most obviously due to: (i) The lower costs incurred as production rises. (ii) Overti

    		•
  • Q : Most efficient technology at the lowest

    When all goods are produced in highly competitive markets as well as there are no externalities, goods tend to be manufactured: (i) relatively inefficiently. (ii) along with the most efficient technology at the lowest price. (iii) along with maximum p

    		•
  • Q : Short-run Demand for Labor Short-run

    Short-run demand for the labor would be LEAST affected by the: (i) Productivity of resource. (ii) Prices of substitute resources. (iii) Demand for goods generated by the resource. (iv) Fixed costs of firm. Can someone please help m

    		•
  • Q : Horizontal summation of individual

    The market demand curves for most of the goods are as: (i) Cross-multiplied products of the individual demand curves. (ii) Insignificant for most of the analytical aims. (iii) The horizontal summation of the individual demand curves. (iv) Irrelevant for business decis

    		•
  • Q : Infinity elasticity of demand within

    When price changes for fresh peaches don’t modify total revenue to peach farmers, then the price elasticity of demand for peaches: (w) constant beside a linear demand curve. (x) infinity (the demand curve is horizontal). (y) uni

    		•
  • Q : Determine profit maximizing A

    A monopolist has an inverse demand curve given by p(y) = 12 - y and a cost curve given by c(y) = y2. (a) What will be its profi t maximizing level of output?

  • Q : Social welfare function what do you

    what do you mean by a social welfare function? if you assume that such a function exists, what properties of social optima would be considered by you? discuss such properties.

    		•
  • Q : Monopsonist-marginal resource cost Can

    Can someone please help me in finding out the accurate answer from the following question. The monopsonist will hire the labor until labor's marginal resource cost equivalents the: (i) Marginal revenue product of the labor. (ii) Marginal physical product. (iii) Value

    		•