2023 年 答案版EXERCISES VERSION 答案版 EXERCISES VERSION 2023-AP 2023-AP 必刷题 ——宏观经济学 Basic economic concepts 1. (2017) A production possibilities curve that is concave to the origin (bowed out) implies that as more of a good is produced, the opportunity cost (A) remains constant...
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What is the difference between marginal opportunity cost and marginal rate of substitution? Is marginal rate of exchange the same as marginal rate of substition? The marginal utility associated with the additional consumption of X is given by the partial derivatives of th...
Marginal cost is the cost of ___. A) raw materials and labor B) rent and equipment C) the last unit of production D) all expenses incurred by the firm Factors of Production: The factors of production are considered as input that is required for the creation of products and service...
The mean value of mental accounting of the former (0.424) was significantly larger than of the latter (0.208) (chi2(1) = 7.2562, p = .007). This finding was in line with the expectation that people with more selling experience would be aware of the opportunity cost of consuming own ...
This marginal cost will require your investment in labor, utilities, materials, and more, and the money could have been used elsewhere. Implicit costs do not involve financial payment, but they indicate a lost opportunity to generate income through the resources you have. For example, an implicit...
There is theopportunity costto consider. By investing in dividend-paying stocks, you’re not investing elsewhere. Putting your money into dividend stocks means prioritizing stable returns over those with more upside potential. Stocks with high growth potential tend to invest all their earnings back ...
However, each value of this run-wise predictor affects each minute of a run equally and therefore does not contribute to explaining how motion develops over the course of a run. For example, minute of run 1, 2, and 3 always have the same values of prior day time. Thus, as the run-...
Why does the marginal cost curve slope upwards? Why does the marginal opportunity cost increase? Why does marginal cost rise with amount of output? Why is profit not maximized when marginal benefit is lower than marginal cost? Why does marginal cost increase as more is produced?
What is the law of diminishing marginal productivity? What are its applications? What is opportunity cost of an investment? What is the outcome of the efficient allocation of resources? What doesn't depreciate in value? What is the consumer's income?