Business
Business, 12.07.2019 04:30, yhhh

Aproduction possibilities frontier demonstrates question options: economic problems faced by individual units within the overall economy the ability to produce something more efficiently the combinations of two goods that can be produced if the economy uses all of its resources fully and efficiently that if more of a product is initially being produced the opportunity cost to produce more always goes down

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Business, 22.06.2019 08:40, Damagingawsomeness2
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Business, 23.06.2019 00:10, pino2771
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Business, 23.06.2019 00:30, humpty21
One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.
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