Correct Option: A. is a optimal choice.
It is because it lies on the production possibility frontier.
Figure 1 Consumption Goods L K • M Investment Goods In figure 1, point K: Figure...
Figure 4 nflation Rate Dynamic AS Dynamic AD Real GDP Growth In figure 4, in the long run we would expect aggregate supply to be: Figure 4 Final Eco 216.pdf 8 KB A. horizontal B. vertical C. positively sloped D. negatively sloped E. negatively sloped Reset Selection In figure 4, if dynamic AD decreases, then in the short run real GDP growth: Figure 4 Final Eco 216.pdf 8 KB A. and inflation increase B. and inflation decrease C. rises and...
Multiple Choice Questions 1. Each of the following is an example of an economic resource except A. land. B. money C. capital. D. labor. Consumer goods Refer to the above graph. Which movement between two points represents an increase in econ growth? A. J to K B. K to L C. L to M D. N to N 2. 3. Refer to the above graph Points J, N and K on the inner production possibilities frontier repre A an inefficient...
Refer to Figure 1. According to the figure above, at what point is aggregate expenditure greater than GDP? A) J B) K C) L D) none of the above
QUESTION 15 C+ Consumption, savinge, Intended Investment JA E Net National Income In Figure 9-1, which one of the following sets of equalities is correct? O Gl = EQ JK = NM ОАВ - НІ OJL = NM
(49)Which of the following statements is true? GNP: (a)Measures the total output of final goods and services within a country’s economy in a year (b)Includes only goods and services produced by the citizens of a country (c)Includes intermediate inputs (d)All of the above (50)Which of the following statements is false? The monetary value of the output of $20 billion worth of cars by the Honda Corporation in India’s economy would be counted in: (a)Japan’s GNP (b)India’s GDP (c)America’s GNP (d)All...
1. Janet's utility depends on consumption c and leisure l. She earns a wage equal to w per hour, has an investment income equal to M(greater than or equal to) 0 and needs to sleep at least 8 hours a night. Normalize the price of consumption goods at $1. (i) Draw her indifference curves between hours of leisure and consumption, her budget line and her equilibrium choice of c and l. What is the slope of the budget line and...
Income (dollars per Lo L L2 Hours of lcisure Figure 1 A consu above as point A. After a wage increase, the consumer's utility maximizing combination changes to point C. 1. Refer to Figure 1. The income effect of the wage increase on the amount of hours of leisure is: A) LO to L2. B) LO to L1. mer's original utility maximizing combination of income and leisure is shown in the diagram C) L1 to L2. D) L2 to L1....
1. Consider the figure below illustrating an isoquant and isocost line for the ABC Fruit Company's production of guavas: x 6 a. [2 pts] Given the isocost line shown above, if the wage rate (w) is 2 and total cost is 12, what is the price of capital, r? b. [5 pts) Suppose that the marginal product of labor (MPL) = 6 and the marginal product of capital (MPK) = 3 at point A in the figure. At point B,...
Please don't refer to other questions. Thank you.Three point charges are arranged at the corners of a square of side L as shown in (Figure 1).1. What is the potential at the fourth corner (point A)?Express your answer in terms of the variables Q, L, and the Coulomb's constant k.
Question 3 (1 point) A spring with a force constant k = 2.2x10^2 N/m is stretched by a person. The person pulls on the spring with a final applied force of F_app = 44 N at equilibrium (no motion). How much work was done by the person in the process? O 4.4) 9.7x10^3) O 44J none of these 0975