What is the optimal (i.e. the least-cost or cost-minimising) combination of labour and capital for an output level of 10? What is the cost?

Q: why do we minus the 30,000? cant we just only add up the cost iccured by this decision?

A: Opportunity cost means the forgone income.  It means what actual amount we have lost in acquiring…

Q: of oil would make 15 million barrels the optimal quantity to extract and sell

A: At price 90 oil would make 20 million barrels the optimal quantity to extract and sell this year.

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A: Total revenue is the total value of the commodities produced and sold in equilibrium. Economic costs…

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A: The social optimum output level shows all the costs and benefits associated with a transaction i.e.…

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Q: 15. Compute the QUALY of a person that has a Q value of 0.7 that decreases by 0.1 points for the…

A: Given: Time period=4 years Discount rate=4%

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A: Price can be calculated by using the following formula.

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A: In competitive market,  A firm will produce where the price is equal to the marginal cost.  Marginal…

Q: What does the AE method provide?

A: The investment expenditure is an important component of the aggregate demand in the economy. It is…

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Q: 2. What is the crowding- out effect? How does it modify the implications of the basic Keynesian…

A: Crowding out occurs when expansionary fiscal policy causes the interest rates to rise, thereby…

Q: What is the highest price consumers would be willing to pay for this product? Also called the…

A: The maximum price that a consumer is willing to pay for a good or service, or the lowest price that…

Q: Write a brief on SDGs 7,8 and 13. How it works if there is a hydro power plant. Maximum 1000

A: The Sustainable Development Goals (SDGs) linked to global goals aimed at becoming a "framework for…

Q: 4. The change in consumer surplus as a result of the shift in the graph below is equal tor (a) 1050…

A: Consumer surplus is the area below the demand curve and above the equilibrium price level.

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Q: what is the d than?

A: Price ceiling:It is a situation when the government controls the prices of goods and services to…

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A:

Q: Government-imposed taxes cause reductions in the activity that is being taxed, which has important…

A: There are many sub-parts of the question. As per honor code, we can only provide solution of first…

Q: I need answer typing clear urjent no chatgpt used i will give upvotes full explanation

A: The volume flow rate =π×(50/1000)²/4×10 = 0.0196 m³/sThe specific volume of the steam = 1.769…

Q: At a price of $14, country 1 will     (a) offer for export 9 units of this product.…

A: The effect of price level of $14 in global market is given as follows:The world price line of $14…

Q: Using the quantity of 400, how much profit or loss will they earn?

A: Demand curve is the downward sloping curve.  The firm will produce where the marginal cost is equal…