Why would a rational producer not produce in the stage three of the production stages? Use appropriate diagram to explain

Q: S. D. D.

A: Demand means the quantity of goods that a consumer is willing and able to purchase during a given…

Q: Production and costs are the primary building components on the supply side of the market. From the…

A: Two crucial measures for assessing a company's financial performance are accounting profit and…

Q: Which of the following statements do you think reflect sound economic thinking? Explain your answer.…

A: Economic thinking is a way of analyzing economic phenomena. It is a process of examining the choices…

Q: Explain the benefits of experience curves?

A: Meaning of Microeconomics: The term microeconomics refers to that situation under which the…

Q: If the input is fixed, the goal is to (minimize or maximize) the present worth of benefits.

A: Every firms decides to get a positive return on the expenses incurred by it on the production of…

Q: At what level of production does the marginal cost have the least value? What is the marginal cost…

A: The marginal cost curve is the U-shaped curve.

Q: The Principle of Diminishing Marginal Returns means what?         the more a good is consumed, the…

A: Diminishing Marginal Returns states as additional units of a variable input are added to a fixed…

Q: According to the article, what are some of the general benefits of microlending, as stated by…

A: Accessibility to financial services could prove essential for encouraging growth in the economy…

Q: Based on the graph provided  i. What is Freda’s marginal cost for each cookie? ii. What is Freda’s…

A: Marginal Opportunity Cost :  Marginal Opportunity Cost may be defined as that amount of a good…

Q: Explain Theory of production, and Theory of cost. Analyze the business, using at least a…

A: Theory of production: It is a theory which explains how a business decides how much of a good to…

Q: Your Econ. Professor bought airline tickets to leave a conference early on Saturday morning. He…

A: He brought the airline ticket to leave a conference early on Saturday morning. But when he found…

Q: GIVE ME AN EXAMPLE OF MARGINAL ANALYSIS WITH MARGINAL R AND MARGINAL C IN A TABLE.

A: Marginal Analysis is a statistical model used by corporations to maximize their potential profits.…

Q: What "Economic profits are positive or negative " mean in terms of opportunity cost?

A: Opportunity cost defines the value of the next best choice that is given up when making a choice. It…

Q: Explain the Valuation of Benefits and Costs?

A: Most of the investment decisions in the economy are very important for the economy as the economy’s…

Q: ency in the pro model Suppose South Africa produces only two goods: barley and laptops. The…

A: A Production Possibility Curve (PPC) represents the maximum possible combinations of two goods that…

Q: Define the economic principle of opportunity cost.

A: When another item or activity is chosen, an opportunity cost is described as the amount of a…

Q: What determines how managers will purchase inputs?

A: Input is the factor of production used in the process of production . And determine the input by the…

Q: Economics? 2. How does it relate to microeconomics?

A: Managerial Economics  Managerial Economics  is a part of economics matters including the utilization…

Q: Discuss ONE idea from the course so far that you find most interesting and actually useful in real…

A: Microeconomics is the study of principles of economics that apply to the behavior of individuals…

Q: Explain the role of marginal analysis in economics.

A: In economics, the term marginal is used to describe an additional outcome that is added to the…

Q: Fill in the blank and explain the choice of correct answer. When the marginal…

A: The markets are the place where the buyers of various goods and services and the sellers, or the…

Q: construct an advertising program for an airline using the laddering technique?

A: ANSWER   construct an advertising program for an airline using the laddering technique is

Q: B) Is the following statements correct or incorrect? Briefly explain: i) A rational producer will…

A: A rational producer is one who wanted to maximize their profit from the business transactions.…

Q: Give one limitation of marginal analysis and explain why?

A: As economies emerged, goods and services were produced that required machinery and labor. With time,…

Q: Shirley Bennett wants to open a new food- based business. She is trying to decide between a grocery…

A: Market: The total number of buyers and sellers in a given area or region is considered to be a…

Q: What are the merits of inductive method? Briefly discuss what are the shortcomings of this method in…

A:

Q: In many areas, the cost of real estate is increasing at an increasing rate. Many homes are being…

A: In a dynamic, free market, the mortgage lenders compete to acquire customers, which either increases…

Q: You need to have work done on your home. In addition to the expense, it will be annoying to have…

A: You need to have work done on your home. In addition to the expense, it will be annoying to have…

Q: Which expression is another way of saying "marginal benefit"? Total benefit Profit Extra benefit…

A: Marginal Benefit is the additional benefit received when an extra unit of output is sold. For…

Q: Show solutions to each problem: Write your answer on yellow paper and upload it. Write legibly and…

A:

Q: DISCUSS Smith's pin factory example. describe the dramatic effects and the method by which these are…

A: A worker who specializes performs only one task or a limited set of tasks. It refers to separate…

Q: Why is economic cost known as opportunity cost? What are included in economic costs?

A: Opportunity cost refers to the cost of a foregone opportunity. The cost involved when an opportunity…