Explore BrainMass

Explore BrainMass

    an increase in the current demand

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    1. Consider the choices of two groups of women ages 30 to 50. All the women in one group have a college education. All the women in the other group have less than a high school education. Which of the two groups will participate more in the workforce? Which of the two groups will bear a larger number of children on average? Explain your answer based on the concept of opportunity cost.

    2. Which of the following do you think would lead to an increase in the current demand for beef?

    a. higher pork prices
    b. higher consumer income
    c. higher prices of feed grains used to feed cattle.
    d. widespread outbreak of mad cow or foot-and-mouth disease.
    e. an increase in the price of beef.

    © BrainMass Inc. brainmass.com March 4, 2021, 7:39 pm ad1c9bdddf
    https://brainmass.com/economics/demand-supply/an-increase-in-the-current-demand-114813

    Solution Preview

    The group which has higher education will participate more in the workforce, because the financial opportunity cost of bearing children is ...

    Solution Summary

    Account for an increase in the current demand.

    $2.49

    ADVERTISEMENT