Label a level of population at which the population is, Ask an Expert

Economics

The graph below shows a production function and the subsistence level of output.

a)does the production function exhibit encreasing or decreasing marginal prductivity?

b)label a level of population at which the population is expected to grow. What is the surplus output at that population level?

c) label a level of population at which the population is expected to decline. Why is the population dexlining at this point?

d)label the population at which the economy is in long-run equilibrium. Why is the a long-run equilibrium?

GRAPH

(output) on the left, (labor) underneith X and Y axis then from the corner of that right angle axis a 45 degree straight line (subsistence level of output) then at that same corner point of the right angle a arch like a rainbow (production function) goes through the 45 degree

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M9444812

Have any Question?Write your Review or question?

Related Questions in Business Economics

What are three ways that even every forecast model should

What are three ways that even every forecast model should be evaluated to obtain the best forecast result.

In a large university 68 of students live in dormitories a

In a large university, 68% of students live in dormitories. A random sample of 14 students is selected. What is the probability that the sample contains more than five students who do not live in the dormitories?

Candidate as pollster conducted a survey in which 450 out

Candidate A's pollster conducted a survey in which 450 out of 710 respondents indicated they would probably vote for Candidate A. Compute the confidence interval for the population.

In a certain state pickup trucks account for 21 of the

In a certain? state, pickup trucks account for 21?% of the? state's registered vehicles. If 100 registered vehicles are selected at? random, what is the expected number of pickup? trucks?

If all countries eliminated all barriers to immigration

If all countries eliminated all barriers to immigration, would global economic growth increase? Why or why not?

Mathew and susan are both optimizing consumers in the

Mathew and Susan are both optimizing consumers in the markets for shirts and hats, where they pay $100 for a shirt and $50 for a hat. Matthew buys 4 shirts and 16 hats, while Susan buys 6 shirts and 12 hats. From this in ...

Event a occurs with probability 04 if events a and b are

Event A occurs with probability 0.4. If events A and B are not disjoint, then a P(B) b P(B) ≥ 0.6. c P(B) > 0.6. d P(B) Step 1:You are tossing a balanced die that has probability of coming up 1 on each toss. Tosses are i ...

You want to be a millionaire when you retire in 35 yearsa

You want to be a millionaire when you retire in 35 years. a. How much do you have to save each month if you can earn an annual return of 10.7 percent? (Do not round intermediate calculations and round your answer to 2 d ...

What is marginal revenue for both perfect competition and

What is Marginal Revenue? For both Perfect Competition and Monopoly, explain the relationship between marginal revenue and demand.

Suppose a bond with no expiration date has a face value of

Suppose a bond with no expiration date has a face value of $10,000 and annually pays a fixed amount of interest of $900. a. In the table provided below, calculate and enter either the interest rate that the bond would yi ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert