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Dovator [93]
1 year ago
7

calculate the opportunity cost of producing the first 10 missiles. 4. calculate the opportunity cost of producing the last 10 mi

ssiles.
Business
1 answer:
Luda [366]1 year ago
8 0

Milk in 6 million gallons

Milk Missiles (Millions of Gallons)

0 40 \s 10 34 \s 20 27 \s 30 19 \s 40 10 \s 50 0

The economic benefit of manufacturing the final 10 missiles should be calculated.

10,000,000,000 gallons of milk

Milk Missiles (Millions of Gallons)

0 40 \s 10 34 \s 20 27 \s 30 19 \s 40 10 \s50 0

What would it imply if the economy was in its initial state?

Points inside the curve indicate inefficiency, waste, and underutilization of capacity.

Read the second point carefully.

Since we are measuring in physical units, a point outside the curve indicates that something is impossible.

given available resources and technology, unattainable (and time). If we were calculating in money, it

would imply price increases or inflation.

To know more about inflation click here

brainly.com/question/29308595

#SPJ4

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5 0
3 years ago
At a price of $5/hour, bob wants to hire three workers. when the price rises to $7/hour, bob wants to hire only two workers. bob
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$5 per worker
5*3=15
$7 per worker
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3 years ago
What is the main reason that improved human relations skills may improve your grades?
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4 0
3 years ago
Taxicab fares in most cities are regulated. Several years ago taxicab drivers in Boston obtained permission to raise their feres
Scorpion4ik [409]

Solution:

Let's start by assuming that the taxi ride demand is extremely elastic, to the extent that it is vertically sluggish! If the cabbies raise the fair price by 10% from 10.00 per mile to 11.00 per kilometre, the number of riders remains 20.

Total income before fair growth= 20* 10= 200.

Total income following fair growth = 11* 20= 220.

A 10% increase in the fare therefore leads to a 10% increase in the driver's revenue.

Therefore, the assumption in this situation is that the cab drivers think the taxi driving requirement is highly inelastic.

The demand curve facing the drivers of the cab is still inelastic, but not vertically bent.

When the rate increased from 10% to 11, riders declined from 20% to 19%

Total revenue before fair growth is 20* 10= 200

The gap between revenue and fair growth is 19* 11= 209

This means that a realistic 10% raise doesn't result in a 10% boost on income Because the market curve for taxi rides is not 100% inelastic, but rather low inelastic, so that a fair increase (control) allows consumers to lose their incomes.

7 0
3 years ago
Cartels are difficult to maintain because a. ​the monopoly output is very difficult to determine. b. ​the number of firms is alw
Ostrovityanka [42]

Answer:

The correct answer is option d.

Explanation:

Cartels are generally formed in oligopoly markets. In such markets there are few firms which are interdependent. So, they form cartels to enjoy monopoly power.

Though cartels are generally short lived and difficult to maintain. The reason behind this is that each firm has the incentive to deviate and produce more than their quota in order to capture more market share.

So, option d is the correct answer here.

6 0
3 years ago
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