Why does increasing opportunity cost occur? Why can't things all be constant opportunity costs? Why is there a price rigidity in the oligopoly? Why don't monopolists try to establish the highest price possible, as many people allege? What would happen to sales? What about profits?
Wouldtradeoccurifonecountryhadanabsoluteadvantageinbothgoods?Yes–Itmayhaveacomparativeadvantageinproducingoneofthetwogoods,i.e.,itcanproduceagoodataloweropportunitycostthananothercountry.OpportunityCost=Thecostofagoodistheamountofanothergoodgivenuptoreleaseenoughresourcestoproducethefirstgood.TradeBased...
Why does allocative efficiency occur where (demand) = (marginal cost)? Why is the demand for labor called a "derived demand?" Why does marginal cost increase as more is produced? Explain why aggregate income and aggregate production are equal. ...
But even with its increasing popularity, there’s still a camp of firm believers in that whole “weightlifting will make me bulky and… Read more Just a few hours of sleep restriction over the course of a Critics of the study were quick to point out that a large The results, ...
✔ Offer social proof on the recommendations you’d like them to consider more—this works really well because these recommendations come vouched for, increasing their chances of being added to cart - this is exactly what cowboy boots brand Tecovas does (and for better effect, doesn’t even...
A great decline in young work force is likely to occur in China,for instance.What does it imply?First,China needs to undergo rapid economic development before a population decline hits the country.Sencond,if other factors such as technology remain constant,economic growth and material expectations ...
How does a stock market decline affect the economy? Why a fall in present consumption is the opportunity cost to an economy of increasing capital investment? A) Why do people demand money? B) How is money demand related to interest rate?
Explain some of the costs of hyper-inflations. If they are so costly to an economy, why do they occur? Why does marginal cost increase as more is produced? Why does opportunity cost include implicit costs? Explain why the cost structure associated with many kinds of information goods and se...
The above considerations assume that society retains approximately its current form. But if mass technological unemployment does occur, Bill Gates and others have proposed taxing the robots. Gates is skeptical of basic income and sees the tax as a way to "slow down the speed of that adoption so...
The point and result of financial leverage is to multiply the potential returns from a project. At the same time, leverage will also multiply the potentialdownside riskin case the investment does not pan out. When one refers to a company, property, or investment as "highly leveraged," it mea...