14 B 12 10 G 6 D 4 2 4 6 8 10 Computers Refer to the diagram. If society is currently producing the combination of bicycles and computers shown by point C, the production of 3 more units of bicycles Bicycles

Q: What are the benefits of considering the economic decisions?

A: Economic decisions are those decisions in which people will choose what to do with limited…

Q: Who is william smith

A: William Smith was born on March 23, 1769 and lived for 70 years. He was born in Churchill,…

Q: Identify some essential elements common to any rational decision-making process?

A: Rational decision making is a complex process that contains nine essential elements. These are as…

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

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A: The concept of the invisible hand was introduced by Adam Smith in his 1759 book The Theory of Moral…

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A: To make any item at lower cost is always a plus point in the market.

Q: there is two answers, what is the other one?

A: Increasing the economy also raises the standard of living. The current standard of living must be…

Q: What is the importance of studying economics? Give an example how it can help you.

A: Economics signifies a social science that analysis how individual agents in a society make their…

Q: Are options b through h correct or incorrect?

A: The question is asking about the possible reasons for which imports can be limited. Different…

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A: The ultimate good that a company makes and sells to the customer is referred to as a consumer good.…

Q: How would an economist define the efficient amount of time studying?

A: Marginal cost (MC): The marginal cost refers to the amount of additional costs incurred in the…

Q: can you draw the equations for me

A: Optimal consumption bundle: The optimal consumption bundle is such that at that bundle the…

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A: The findings reveal that luxury customers have mixed attitudes about sustainability, believing that…

Q: So is my solution wrong?

A: There are silly mistakes in your solution but overall algorithm is right. However, there is a slight…

Q: Suppose a firm's cost function is C(q) = 4q² + 16, where C(q) is the total cost, and q is the level…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Goods that can be used to replace one another are called What?

A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the…

Q: Do you see the rise of consumer power through evolving changes in technology? If so, how?

A: Technology is all that make things quicker, easier or cheaper. The rise in the technology leads to a…

Q: How can studying economics help you as a student?

A: Studying economics can help students by exposing them to theoretical approaches within the field of…

Q: I can't see the answer for question 2.

A: Here we have to draw 2 new production possibility frontiers.Shift in Production Possibility Curve: A…

Q: On what are the Economic decisions based?

A: Economic decisions are the decisions made by the economic agents to pursue a goal and achieve a…

Q: How can economic changes affect society?

A: Economic changes can affect the society in various ways: 1. The cost of living has the significant…

Q: what does reading shakespeare or dostoevsky add to an economics student?

A: The book by David Hawkes titled Shakspeare and economics explains the economic thoughts that…

Q: Explain complex economic concepts to a reporter through an email pitch.

A: Hi [Reporter's Name],I hope this message finds you well. I would love to discuss two key economic…

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Q: what does reading shakespeare or dostoevsky add to an economics student?

A: Using the work of Shakespeare , traces of economic literary criticism to its cultural and historical…

Q: what is economic phenomena

A: Unemployment is the situation in which an employable individual seeking a job but cannot find one.

Q: What is the solution to question 6? I really need help with that one.

A: The amount of gas the buyers would be willing to purchase would drop if it turned out that 50% of…

Q: What is abandonment?

A: Abandonment is an act of leaving something in arrears or ending something all in all.

Q: What is installation art?

A: In economics, goods and services ar produced to add value to the natural resources and raw material…

Q: a paragraph in the initial response in their own words, using microeconomic terminology.

A: Microeconomics is a branch of economics that studies the behaviour of individual economic units such…