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

Author Question: What is the fundamental principle that economists use when evaluating the costs and benefits of ... (Read 80 times)

jace

  • Hero Member
  • *****
  • Posts: 541
on: Jun 30, 2018
What is the fundamental principle that economists use when evaluating the costs and benefits of production?
 
  A) cost of goods principle B) production principle
  C) marginal principle D) supply and demand principle

Question 2

In the income-expenditure model, equilibrium output is the level of output at which the 45-degree line intersects the planned expenditures line. Explain why this output level is an equilibrium level.
 
  Illustrate your answer with a diagram of the income-expenditure model.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

InfiniteSteez

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


jace

  • Hero Member
  • *****
  • Posts: 541
Reply #2 on: Jun 30, 2018
Thank you :)


InfiniteSteez

  • Sr. Member
  • ****
  • Posts: 340
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Benefits of Regular Exercise Benefits of Regular Exercise
Principle of Progression Principle of Progression
Example of an Explanation of Benefits statement. Example of an Explanation of Benefits statement.
Grind whole flaxseeds before eating them to best reap their nutritional benefits Grind whole flaxseeds before eating them to best reap their nutritional benefits
Writing can lead to psychological benefits Writing can lead to psychological benefits
Sadie is going to see a movie and is taking her four kids. each movie ticket costs $15 and ... Sadie is going to see a movie and is taking her four kids. each movie ticket costs $15 and ...
Video: Dorsal Recumbent Position

For a complete list of videos, visit our video library