The opportunity cost of every investment in capital goods is Group of answer choices current consumption...
The opportunity cost of every investment in capital goods is Group of answer choices
current consumption (consumer goods).
future consumption (capital goods today).
absolute advantage.
comparative advantage.
scarcity.
Homework Answers
Current consumption (consumer goods)
Resources can be allocated to either capital or consumer goods. So
the opportunity cost of capital goods is the consumer goods given
up.
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The opportunity cost of every investment in capital goods is
Group of answer choices
current consumption...
Question 2 Because resources are scarce, the opportunity cost to an economy of investment in capital...
Question 2 Because resources are scarce, the opportunity cost to an economy of investment in capital assets is zero. forgone future consumption. forgone present consumption. infinite. According to Figure 1 below, as the economy moves from Po A to Point E, the opportunity cost of motorcycles, measured int o ondan Hybrid cars Motorcycles Figure 1 decreases increases remains constant initially increases, then decreases estion 4 Refer to Table 1 below. Table 1 Molly Pete Avatar Design Tattoo Design Which of...
During recessions which type of spending falls? Group of answer choices investment but not consumption. consumption...
During recessions which type of spending falls? Group of answer choices investment but not consumption. consumption but not investment. consumption and investment. neither consumption nor investment.
International trade should be based on: Group of answer choices the law of one price purchasing...
International trade should be based on: Group of answer choices the law of one price purchasing parity comparative advantage absolute advantage
please explain. questions: Why is investment in the production of capital goods important to an economy;...
please explain.
questions: Why is investment in the production of capital goods important to an economy; that is, explain how today's choices between capital and consumption goods production affects future economic growth? Give an example of how today's choices affect future economic growth.
Producer surplus measures the value between the actual selling price and the: Group of answer choices...
Producer surplus measures the value between the actual selling price and the: Group of answer choices profit-maximization price. deadweight loss price. price sellers are willing to sell the product. lowest price sellers are willing to sell the product. When the opportunity cost of producing carrots increases as more carrots are produced, then: Group of answer choices the production possibilities curve is a straight line. resources are equally suited to the production of carrots and to other goods. no more carrots...
Question 8: Suppose that Bibi's utility function for inter-temporal consumption is: U(C0.cl)-In(C0) + [0.4 * İn(C1)]...
Question 8: Suppose that Bibi's utility function for inter-temporal consumption is: U(C0.cl)-In(C0) + [0.4 * İn(C1)] where Cois his current period consumption, C, is his future period consumption. Bibi is endowed with mo 90,000 in this period (to) and mo -$500,000 in the next period (t1). And suppose there a perfect capital market in which Bibi can borrow and lend at 25% (risk-free). i. What is Bibi's optimal consumption bundle (i.e., the optimal level of current and future consumption) if...
Which of the following is NOT considered to be an investment objective? Group of answer choices...
Which of the following is NOT considered to be an investment objective? Group of answer choices capital preservation capital appreciation current income total return nominal preservation
Exhibit 2-1 Production possibilities curv e data Consumption Goods Capital Goods 10 4 4 In Exhibit...
Exhibit 2-1 Production possibilities curv e data Consumption Goods Capital Goods 10 4 4 In Exhibit 2-1, why is the opportunity cost of producing the fourth unit of capital 4 units of consumption goods but ty cost of producing 4 units of capital is 10 units of consumption goods? Because the opportunity cost of capital goods is constant while the opportunity cost of consumption goods is g as this economy moves from more consumption goods to more capital goods. Because...
please with every false statement can you write the true statement of it ? 4) When...
please with every false statement can you write the true
statement of it ?
4) When two people trade, one must lose for the other to win. Answer: FALSE DIE 2 Topic: Scarcity. Choice, and Opportunity Cost Skill Comertual AACSB: Reflective Thinking 5) Economic growth shifts a society's production possibility frontier toward the origin. Answer: FALSE DIE 1 Topic: Scarcity, Choice, and Opportunity Cost Skill Conceptual AACSB: Reflective Thinking 6) A society's production possibility frontier is bowed out from the...
Marginal cost is the opportunity cost of a good or service divided by the number of...
Marginal cost is the opportunity cost of a good or service divided by the number of units produced. of a good or service that exceeds its benefit. that your activity imposes on someone else. that arises from producing one more unit of a good or service. The law of demand implies that demand curves shift leftward whenever the price rises. slope down. shift rightward whenever the price rises. slope up. If the United States can increase its production of automobiles...
Question 2 Because resources are scarce, the opportunity cost to an economy of investment in capital assets is zero. forgone future consumption. forgone present consumption. infinite. According to Figure 1 below, as the economy moves from Po A to Point E, the opportunity cost of motorcycles, measured int o ondan Hybrid cars Motorcycles Figure 1 decreases increases remains constant initially increases, then decreases estion 4 Refer to Table 1 below. Table 1 Molly Pete Avatar Design Tattoo Design Which of...
please explain.
questions: Why is investment in the production of capital goods important to an economy; that is, explain how today's choices between capital and consumption goods production affects future economic growth? Give an example of how today's choices affect future economic growth.
Question 8: Suppose that Bibi's utility function for inter-temporal consumption is: U(C0.cl)-In(C0) + [0.4 * İn(C1)] where Cois his current period consumption, C, is his future period consumption. Bibi is endowed with mo 90,000 in this period (to) and mo -$500,000 in the next period (t1). And suppose there a perfect capital market in which Bibi can borrow and lend at 25% (risk-free). i. What is Bibi's optimal consumption bundle (i.e., the optimal level of current and future consumption) if...
Exhibit 2-1 Production possibilities curv e data Consumption Goods Capital Goods 10 4 4 In Exhibit 2-1, why is the opportunity cost of producing the fourth unit of capital 4 units of consumption goods but ty cost of producing 4 units of capital is 10 units of consumption goods? Because the opportunity cost of capital goods is constant while the opportunity cost of consumption goods is g as this economy moves from more consumption goods to more capital goods. Because...
please with every false statement can you write the true
statement of it ?
4) When two people trade, one must lose for the other to win. Answer: FALSE DIE 2 Topic: Scarcity. Choice, and Opportunity Cost Skill Comertual AACSB: Reflective Thinking 5) Economic growth shifts a society's production possibility frontier toward the origin. Answer: FALSE DIE 1 Topic: Scarcity, Choice, and Opportunity Cost Skill Conceptual AACSB: Reflective Thinking 6) A society's production possibility frontier is bowed out from the...
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