100 DRYERS 8 882 882229 90 80 30 20 O 4 O a. The economy has insufficient resources to produce at a more desirable point. Ob. The economy's available technology prevents it from producing at a more desirable point. Oc. There is widespread unemployment in the economy. Od. The economy is experiencing economic growth. B B 10 20 30 40 50 60 70 80 90 100 WASHERS Figure 2-3 efer to Figure 2-3. Suppose this economy is producing at point D. Which of the following statements would best explain this situation?

100 DRYERS 8 882 882229 90 80 30 20 O 4 O a. The economy has insufficient resources to produce at a more desirable point. Ob. The economy's available technology prevents it from producing at a more desirable point. Oc. There is widespread unemployment in the economy. Od. The economy is experiencing economic growth. B B 10 20 30 40 50 60 70 80 90 100 WASHERS Figure 2-3 efer to Figure 2-3. Suppose this economy is producing at point D. Which of the following statements would best explain this situation?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A pessimistic long-run Malthusian result is O A. improvements in technology does not improve standards of living. B. increases in land use lowers standards of living. O C. increases in capital stock does not achieve the steady state. O D. higher labour supply does not increase total factor productivity. O E. population control does not increase total factor productivity.
Time left 0:58: There is an earthquake of magnitude 7.5. What would be the impact on the country's production function? Select one: a. movement downward along the same curve O b. shift inwards Oc. remain unchanged O d. movement upwards along the same curve O e. shift outwards Next page s page
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Question 2 in the second stage of production function the TP and MP is O A. TP is increase and MP is decrease O B. TP is increase and MP is increase C. TP is decrease and MP Increase OD. TP is increase and MP is increase
UCtlön to Mathematica i İktisat(İngilizce)(1.Ö) 2020-2021 Bahar If population of a city groWs at 2.3 percent, how long will it take to double? O a. 30.1368 Ob. 28.8811 Oc. 26.6595 O d. 27.7250
How do increases in technology affect the aggregate production funclion? O A. With better technology, the aggregate production function shifts down because fewer workers are neoded O B. Even with technology increases, the aggregate production function will remain constant unless the technology increases are matched by increases in the physical capital stock. O C. As technology increases, diminishing marginal product sets in such that each unit of technology produces less output O D. With increases in technology, the aggregate production function shitfts up, indicating more output is produced from the same amount of inputs.
Nathan owns a bakery that bakes only cakes. All of his bakers work 8 hours per day. In 2006, he employed 5 bakers and they produced 200 cakes each day. In 2007, he employed 6 bakers and they produced 249 cakes each day. In Nathan's bakery, productivity Select one: O a. Increased by 24.,50 percent between 2006 and 2007. O b. Decreased by 2.33 percent between 2006 and 2007. O c Increased by 3.75 percent between 2006 and 2007. d. Increased by 2.33 percent between 2006 and 2007.
QUESTION 9 In one day Amazing company produced 50 shirts in 250 labor hours, What is Amazing company's productivity? O a. 1/5 shirts per hour O b. 5 hours per shirts O C. 50 shirts d. 5 shirts.
A firm invests $125 million in a new manufacturing plant in your country. What would be the impact on the country's production function? Select one: O a. remain unchanged Ob. shift outwards- c. movement upwards along the same curve O d. movement downward along the same curve O e. shift inwards Next p is page
What annual growth rate will result in a country roughly doubling its GDP in 10 years? Select one: O a. 5 percent Ob. 12 percent Oc 7 percent Od. 10 percent