A production possibilities curve has a downward slope because: economists have a negative view of life and human nature. O increased production of one good always reduces the profit of production. increased production of one good necessitates reduced production of the other. decreased production of one good is associated with lower profit from that good. increased production of one good necessarily causes production of other goods to increase

Q: VC FC TC AVC AFC ATC MC 0.00 3,780.00 NA NA NA NA 1 400.00 2 700.00 3 900.00 4 1,000.00 1,050.00…

A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 parts as per…

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A: SNAP system is basically a system of supplement Nutrition Assistance Program for the needy families.…

Q: How were the figures calculated?

A: Answer is given below

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A: The elasticity of demand is the reaction of demand due to change in price of goods and services,…

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A: Data collection: It refers to the information assortment which is the most common way of…

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A: Goods:- It  can be anything from  supplies,merchandise, raw materials to already finished products.…

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A: z-score is a numerical value that tells the number of standard deviations a particular data value is…

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A: TVC is total variable cost in a cost structure of a model. Total variable cost is showing the…

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A: Profit is maximized by firm when its marginal cost is equal to marginal revenue. The quantity will…

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A: Scarcity refers to the limited availability of resources, that are used to produce goods and…

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A: Lets explain this difference in T shape

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A: INTRODUCTION:The benefit-to-cost ratio serves as an important measure, comparing the present value…

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A: Answer is:- census survey. A survey that include every elements of the population is known as census…

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A: The term TAPR stands for Troubled Asset Relief Program.

Q: Question 15 and 16

A: Accounting profit is calculated as: =Total revenue - explicit cost=$5,000 - $4,250=$750 Where…

Q: QUESTION 8 The symbol N means "or" "and"

A: The option is: Option1: "or" Hence, The symbol ∪ means       or       .

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A: Ariel's opportunity cost for 1 book 2/3=0.67 problem set.So Ariel will accept price when her…

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A: If you have any problem let me know in comment box thank you.

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A: The marginal tax rate is the additional tax income due to a change in tax liability. The marginal…

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A: Time period refers to the duration of an investment.  There are mainly two time periods; short run…

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A: Statutory Conditions: Legally mandated provisions in insurance policies that set out rights and…

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A: One of the most basic functions of management professionals is decision making.  Every manager must…

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A: We know that: X=-50000/P*Q By substituting values X=-50000/(P*(4.3103-1.39*ln P)) Since initial P is…

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A: The gap between income and spending in an economy is the budget surplus. A budget surplus occurs…

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A: A survey is a list of questions being aimed at extraction of specific data from a particular group…

Q: out put Total Cost 100 Fixed Case Marginal Average Cost Average VC 10+8) Co))

A: Total cost is the monetary expenditure incurred in the production of goods.  Total cost is the sum…

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A: The nearest cent refers to the value that has two digits after the decimal. In economics, rounding…

Q: Please answer question number 8

A: The marginal revenue of a unit is the difference between the total revenue achieved at the current…

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A: Research and analysis is the basis of all the theories that are formed and analyzed so that they can…

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A: Money is the common medium of exchange It gives the power to purchase whatever they want. and people…

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A: The countries around the world have differences in economic and social factors. Some nations are…

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