'Production possibilities' diaporamas de présentation

Chapter 18: Elasticity

Chapter 18: Elasticity. Price elasticity demand supply Cross elasticity Income elasticity. Basic idea. We know when P. Qd. Qs. holding other factors constant. but how much?. if price doubles how much does Qd fall? by 10% by 50% by 300%? price elasticity tells us.

1.32k views • 110 slides

Economics of Input and Product Substitution

Economics of Input and Product Substitution. Chapter 7. Topics of Discussion. Concepts of isoquants and iso-cost line Least-cost use of inputs Long-run expansion of input use Economics of business expansion and contraction Production possibilities frontier

1.59k views • 92 slides

Scarcity, opportunity costs and production possibilities

857 views • 67 slides

Chapter 2 Production Possibilities and Opportunity Cost

977 views • 54 slides

Chapter 2 Production Possibilities and Opportunity Cost

1.28k views • 54 slides

Production Possibilities, Opportunity Cost and Economic Growth

889 views • 43 slides

Chapter 2 The economising problem

768 views • 41 slides

The Economic Problem

3. The Economic Problem. CHAPTER. CHECKPOINTS. Checkpoint 3.1. Checkpoint 3.2. Checkpoint 3.4. Clicker version. Problem 1. Problem 1. Problem 1. Problem 2. Clicker version. Problem 2. Problem 2. Problem 3. Clicker version. Problem 4. Checkpoint 3.3. Clicker version.

683 views • 36 slides

551 views • 29 slides

chapter:

435 views • 27 slides

The Economic Problem

486 views • 27 slides

Chapter 2 Confronting Scarcity: Choices in Production

Chapter 2 Confronting Scarcity: Choices in Production. Confronting Scarcity: Choices in Production.

443 views • 22 slides

Limits, Alternatives, and Choices

1. Limits, Alternatives, and Choices. O 1.1. Chapter Objectives. Economics Defined Economic Perspective Role of Economic Theory Microeconomics and Macroeconomics Scarce Resources The Economizing Problem Production Possibilities. O 1.2. O 1.3. The Economic Perspective.

613 views • 20 slides

Stochastic dynamic programming model for joint optimization of crop production and reduction of nutrient run-off

457 views • 20 slides

Edgeworth Box; 1

? Charles van Marrewijk. X=1.5. X=1. Edgeworth Box; 1. Suppose we look at the production possibilities for good X. Then this may represent an isoquant for good X (e.g. combinations of capital and labor producing 1 X). Capital X K X.

412 views • 12 slides

The International Flows of Goods and Capital

The International Flows of Goods and Capital. International trade in goods and capital increase consumption possibilities beyond production possibilities. Factors Influencing the International Flow of Goods. Domestic Income and Foreign Income;

847 views • 11 slides

Econ 101-7/2

Econ 101-7/2 . Interdependence and the Gains from Trade (continued). Exercise 1. Here are the PPF for Robinson Crusoe and Friday with 12 hours of labor. Questions. 1. The opportunity cost of 1 pound of fish for Robinson Crusoe and Friday.

742 views • 10 slides

Economic Decision Making -Scarcity and Choice

468 views • 10 slides

Econ 101-7/2

Econ 101-7/2 . Interdependence and the Gains from Trade (continued). Exercise 1. Here are the PPF for Robinson Crusoe and Friday with 12 hours of labor. Questions. 1. The opportunity cost of 1 pound of fish for Robinson Crusoe and Friday.

419 views • 5 slides

CHAPTER

2. CHAPTER. Production Possibilities, Opportunity Cost, and Economic Growth. EXHIBIT 2-1 The Production Possibilities Curve for Military Goods and Consumer Goods. EXHIBIT 2-2 The Law of Increasing Opportunity Costs.

341 views • 5 slides