This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the marginal rate of transformation is constant what can be said of the shape of the production ... (Read 30 times)

berenicecastro

  • Hero Member
  • *****
  • Posts: 581
on: Jun 29, 2018
If the marginal rate of transformation is constant what can be said of the shape of the production possibilities frontier and why?
 
  What will be an ideal response?

Question 2

If the firm in the figure above is unregulated, it will make an economic profit of
 
  A) zero.
  B) -240.
  C) 100.
  D) 400.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shoemake

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

The marginal rate of transformation is the slope of the production possibility frontier. It is the ratio of the change in the good (or service) on the y-axis to the change in the good (or service) on the x-axis. If it is constant that means that the production possibilities frontier is a straight line. This is true because it would mean that the slope of the production possibilities frontier is the same throughout which of course is precisely one of the properties of a straight line.

Answer to Question 2

C


berenicecastro

  • Member
  • Posts: 581
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Primary production is constrained by the most limiting factor. Primary production is constrained by the most limiting factor.
SICKLE SHAPE SICKLE SHAPE
Situations Causing Changes in Respiratory Rate Situations Causing Changes in Respiratory Rate
One indication of the remarkable transformation of Harlem is town hall meetings. This one was held ... One indication of the remarkable transformation of Harlem is town hall meetings. This one was held ...
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Conventional oil reserves have passed peak production Conventional oil reserves have passed peak production
Video: Supine Position

For a complete list of videos, visit our video library