Which type of occupation is expected by the U.S. Bureau of Labor Statistics to be the fastest growing from 2020 to 2030? Multiple Choice manufacturing о service о construction mining A technological improvement that causes an increase in the marginal product of a resource will Multiple Choice decrease the demand for the resource. increase the demand for the resource. decrease the marginal revenue product. increase the marginal resource cost.
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- Resource demand Select one: a. Does not depend upon the productivity of the resource b. Is a direct demand c. None of the answers are correct d. Is a relationship between price of product and cost of resource e. Is a derived demandThe intersection of the supply curve and the demand curve gives the ceteris paribus the price of resources (inputs) the income of consumers the state of technology the equilibrium price Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Term used to describe demand that can be accuratelycalculated to meet the need of a production schedule,for example.
- Draw the diagrams for MRS for perfect substitutes, perfectcompliments and close substitutesA decrease in the price of a productive resource will result in each of the following except a(n): A.Downward shift in the average-cost curves for all products which use the resourceB. Increase in the quantities produced and sold of all products which use the resourceC. Rightward shift in the demand curves for all products which use the resourceD. Increase in the quantity demanded of this productive resourcePrice and Costs MC Firm -+ LAVO I I Quantity If firms in the market are producing output but are currently making economic losses, in the market, and indicates the corresponding supply curve. The total quantity supplied to the market will decrease. Average total cost will decrease. The price of fertilizer will increase. Price The quantity supplied by each firm will decrease. Demand Marginal cost will decrease. Market I I Quantity S₂ Assuming there is no change in either demand or the firm's cost curves, which of the following statements is true about what will happen in the long run? Check all that apply. S (?) illustrates the present situation for the typical firm
- The quantity supplied of a good isA) equal to the difference between the quantity available and the quantity desired by all consumers and producers.B) the same thing as the quantity demanded at each price.C) the amount that the producers are planning to sell at a particular price during a given time period.D) the amount the firm would sell if it faced no resource constraints.Demand [ Select ] the longer the time frame. more inelastic more elastic Demand is (Select ] the more substitutes there are for a good. Supply is I Select ) v the harder it is to scale up production of a good.An increase in the cost of flour used to bake bread is most likely to
- A subsidy is defined as a payment that must be made to the government whenever a good or service is sold. the number of trades that are eliminated from a market when a tax is imposed. O the difference between total revenue and total cost for a business firm. a payment to either the buyer or seller of a good or service, usually on a per-unit basis, when a good or service is purchased.refer to the photyoQ = Quantity of Output P = Product Price TFC = Total Fixed Cost MC = Marginal Cost TVC = Total Variable Cost Refer to the information. Marginal cost is: Multiple Choice Change in TVA Change in Q Change in TV Q P-Q Change in Q Change in TF- Change in Q