1. In Metro Manila, employees, teachers, students, businessmen and many others find difficulty in commuting everyday due to the heavy traffic, Hence, is constructed to ease the problem. 2. Three decades ago businessmen, engineers, and accountants found difficulty in computing. So, invented to solve the problem. were 3. In the early 20th century, rural folks found difficulty in seeing fau distance Hence were

Q: A good economic theory ….   Group of answer choices   captures the essence of the economic concepts…

A: The study of economics represents the allocation of scarce resources in such a way that there should…

Q: None

A: Approach to solving the question:1. Define opportunity cost as the value of the next best…

Q: Which of the following are examples of opportunity cost?  (please choose all the answers that are…

A: Opportunity cost refers to the best given up values among the alternate in the process of gaining…

Q: What do we assume to be the goal a typical firm in the production model pursues? A. Maximized…

A: A market consists of many firms and consumers.  Firms are supplier of goods and services.  Consumers…

Q: Explain Theory of production, and Theory of cost. Analyze the business, using at least a…

A: Theory of production: It is a theory which explains how a business decides how much of a good to…

Q: What is a factory building an example of? * O technology Ohuman capital physical capital an economic…

A: The opportunity cost is time spent analyzing and that money to spend on something other. A farmer…

Q: Discuss the elements that unsettle the learning curve?

A: Learning curve represents the graphical relationship between learning efforts of a worker and the…

Q: Define the economic principle of opportunity cost.

A: When another item or activity is chosen, an opportunity cost is described as the amount of a…

Q: Attempts Average / 1 1. Understanding opportunity cost You work as an assistant coach on the…

A: Earnings per hour as a coach=$13 Carnival admission fees=$9 Attending the carnival includes two…

Q: The number of years required for real GDP to double can be found by: O multiplying the annual growth…

A: Rule of 70: There are different rules that calculate or estimate the time period required to double…

Q: Point       Pizzas     Airplanes A                0             200 B                80…

A: Production possibility curve shows the combination of two goods that can be produced with the given…

Q: A. Negative, since it may improve your grade. B. Zero, because studying is required by the school. O…

A: The opportunity cost the cost of the next best alternative foregone. This concept is widely used in…

Q: Solve the attachment.

A: Opportunity cost is termed as alternative cost. It is the lost gain which can be acquired from the…

Q: 3. Price controls in the Florida orange market The following graph shows the annual market for…

A: The equilibrium is a state in which economic forces like supply and demand are balanced and the…

Q: What is sweetens opportunity cost of manufacturing 1 million cars per year?

A: Sweetens is a person who makes sweets. This implies the quality and skills of sweetens is to make…

Q: It is clear that productive inefficiency is a waste since resources are being used in a way that…

A: Productive inefficiency means that the same output can be produced at a lower cost of production. It…

Q: A- We have studied the production technology. Explain the concept with an example.

A: We will answer the first question since the exact one was not specified. Please submit a new…