UC知道经济学 what is a production possibilities frontier?
来源：百度知道 编辑：UC知道 时间：2024/06/22 07:27:34
1 Given that an economy is operation on its production possibilities grontier, can you tell if it is efficiently allocating resources?
2 Analyze how the producer in a monopoly market determines the price and quantity.
3 suppose the production function is Q-min(L,4K), and if the output is 32, what quantity of L and K should we put in production
详细一点谢谢有能之人
2 Analyze how the producer in a monopoly market determines the price and quantity.
3 suppose the production function is Q-min(L,4K), and if the output is 32, what quantity of L and K should we put in production
详细一点谢谢有能之人
1 It is effecient, because it doesn't waste any resources.
2 the monoploly determines price and quantity according to the principle of MC=MR.
3 generally speaking, MPl/MPk=w/r, w is wage and r is the interest. However, in this case, q=L=4K, L/K=4/1, so the L is 25.6 and K is 6.4
Production-possibilities frontier生产可能性边界——is a graph/table that shows the maximum possible combinations of outputs that can be produced from given inputs.