Microeconomics Milestone 1

Description Background information: A worker in the United States and a worker in China can each produce 1,000 pairs of jeans per week. A worker in the United States can produce 50 cell phones in a week, and a worker in China can produce 100 cell phones in a week. Answer the following questions based on this information. Part A: If each country attempted to produce both jeans and cell phones, how many jeans and cell phones could each country produce? What would be the total number of jeans and cell phones produced by the two countries combined? Show your work.in detail Part B: Calculate the opportunity cost of producing jeans for each country. Show your work in detail Part C: Calculate the opportunity cost of producing cell phones for each country. Show your work in detail Part D: Determine how many jeans should be produced by each nation. Show your work in detail. Part E: If each nation should specialize in producing jeans and cell phones, explain why; use economic terminology in your…

Subject :- Economics

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

i need help , i keep getting it woring and this is my last chance macroeconmics question 5

Case Studies Economic Development Planner You have just been hired as an economic development planner working for a businesswoman who builds large shopping stores and malls in cities. The company wants to build a regional shopping center in a nearby city that is surrounded by a large rural population. To help them conduct a feasibility study, please address the following questions. 1. What type of population-related decisions should be made to determine the best location for the shopping center? For example, is there a demand for new retail stores? 2. What type of population and related information would you need to collect to help determine the best location for the center? 3. What types of analysis would you perform with the information?

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

6.

P Take a Test - Panela Kancefwere Personal - Microsoft Edge A https/www.mathxl.com/Student/PlayerTest.aspx?testid-2339589008centerwin 2021FL ECON-2301-20005 (T Th 08:00 AM-09:20 AM) Pamela Kamdefwere & 09/25/2112:36 = Test: Exam 1 Question 3 This Test: 64 pts possible Submit Tes st If the current market price is $25, the market will achieve equilibrium by 50- O A. a price increase, increasing the quantity supplied and decreasing the quantity demanded, 45- O B. a price decrease, decreasing the supply and increasing the demand. 40- O C. a price decrease, decreasing the quantity supplied and increasing the quantity demanded. 35- 30- O D. a price increase, increasing the supply and decreasing the demand. 25 20- 15- 10- 5- 0- 100 200 300 400 500 600 700 800 900 1000 1100 Quantity O Time Remaining: 01:24:39 Next 11:59pm Pearcon ($) aoud

Tversky and Kahneman’s joint work on decision making received a 2002 ______. (fill in the blank)

Question 15 What was Radical Doubt? Rene Descartes' attempt to overcome the mind's deceptions that result from Bacon's "Idols" O royalist idea that common people are incapable of electing and running a government O Enlightenment theory that Despotism's rule by fear would not hold up during a popular revolution O religious idea that God does not exist and that religion is a massive fallacy Question 16 How was "reason" important to the Enlightenment? O none of the other answers are correct O Enlightenment leaders copied the ancient Greek idea of Reason and how the Greek deity's image O Enlightenment leaders used "reason" as the justification for teaching people to read and write O it was both the method and the goal of the Enlightenment

11- One research is being conducted about how gold prices change due to the changing preferences of individual consumers. Research such as these belong to the study of ______________. a. International economics b. Microeconomics c. Macroeconomics d. Public economics

Each term (3 months) the current group of economics students completed a questionnaire as to how much they would spend on new purchases compared to how much they would save/pay off bills, if they suddenly and unexpectedly received a check for $1,000. The average MPC is shown in the table below. Month in which student poll was taken Average of students’ responses as MPC March 0.41 June 0.30 September 0.22 December 0.56   What do these MPC’s imply about the students’ thinking over the course of the year?   (Enter response here.)   What is likely happening in the economy during the same period of time?

QUESTION 5) The table below contains the production information of a company. In the table, the first column shows the firm's use of capital and the first row shows the firm's use of labor. The other figures in the table show the company's production amounts. For example, if the firm employs 200 units of capital and 150 units of labor, it can produce 3180 units of product. Labor Amount Amount of Capital 100 worker 150 worker 200 worker 250 worker 100 2200 2950 3450 3700 150 2300 3070 3585 3840 200 2390 3180 3700 3970 250 2470 3280 3810 3990 a) What is the marginal product of the workforce when the amount of capital used by the firm is fixed at 150 units and increases the labor force employment from 150 to 200 workers? b) Suppose the firm increases its capital usage from 150 units to 200 units. In (a) you have calculated the marginal product of the labor force when the capital is 150 units, when the firm increases the amount of labor from 150 to 200 workers. What is the marginal product…

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

35 - In which century did Economics become a science?    a) 18  B) 19  C) 17  D) 16  TO) 20

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Search.. blic/activity/1002005/assessment ng e Apex Learning - Courses m L 1.2.5 Quiz: Economic Theories Question 2 of 10 John Maynard Keynes and Karl Marx would disagree most about the answer to which question? A. Is it right for strong countries to control weaker colonies? B. Should businesses be allowed to operate without regulation? C. Should governments take total control over economies? D. Do free market economies create problems for workers? SUBMIT E PREVIOUS a

8

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

■CASE STUDY THE PROPERTY MANAGER AS ECONOMIST-PLANNER After graduating from college with honors and a master's degree in eco- nomics, Charles Gill was hired by the local urban renewal authority in his home town of approximately 500,000 people. His responsibilities were in the areas of statistics, financial planning, and research. When activities of the urban renewal authority began to wind down upon completion of a major downtown redevelopment project, one of the directors, a businessman who had acquired some real estate investment property, hired Charles to manage one of his residential rental properties. The area's economy had slowed with the general downturn that occurred throughout the country and severely depressed the price of real estate in many areas, including property in Charles's town. In addition, a local defense factory had closed, leaving hundreds out of work. Charles saw there were suddenly many properties available that were priced far less than they had sold for just a…

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

M8

9. Number of Sellers: In a large city, two taxi companies own all the licenses that the city will grant to operate taxis. There are slight differences in the services each cab company offers. However, consumers don't care which cab company they take--if they decided it's worth taking a cab, they flag down the nearest one. * (1 Point) Few Many Few One

CASE STUDY Jeff Spud from ‘Spud’s Farm’ is your client and is a medium sized potato farmer on the north-west coast of Tasmania. You are asked to give him financial and business advice on how his business can survive the problems he is facing from powerful buyers of his produce and with competition from other local, interstate and overseas producers. His previous contracts for his potato crop have been from McCain, a global company. Previously he was able to form a collective with other farmers in the region to negotiate the price to be paid by McCain per tonne. He understands there is some legal issue on negotiating price as a collective and requests advice on this. Jeff has explained that he can produce 50 tonnes of potatoes per hectare and the contract price per tonne he has been given is $248. He has potentially 45 hectares of farm he can use for potatoes. He has provided you with the estimated fixed and variable costs for each farmed hectare. Below are some snippets from recent…

#15 A company makes electronic gadgets. 2% are faulty, the company doesn't know which ones are faulty until a buyer complains. Suppose the company makes a $80 profit on each sale, but has to refund the sale price and suffers a loss of $11 for every faulty gadget because they have to repair the unit. What is the profit(or loss) the company can expect to make from selling 100 units?. Submit Answer format: Number: Round to: 1 decimal places. unanswered not_submitted Attempts Remaining: 2 Using the EV method, which decision alternative will you chose? a) Sell company b) Form Joint Venture c) Sell software #16 on own Probability Sell Company Form Joint Venture Sell Software on own Answer format: Text Success Submit 0.1 74 Moderate Success Neutral Failure 0.3 0.4 74 74 74 210 180 120 110 420 250 104 -100 unanswered not_submitted Attempts Remaining: 2

ECON131: Quantitative Methods in Economics – Business and Finance Assignment The City of Sydney is an area covering over 26km2 and is one of Australia’s most important social and economic centres. As part of Sydney 2030, a study into the city’s long-term sustainability, the city council committed to reducing its carbon footprint 70% over the next 20 years. A study found that around 31% of the city’s carbon emissions arise from public lighting. So, in 2011, the City of Sydney announced a project to replace its lighting systems with energy efficient LED lights. It would choose lighting systems based on both their economic and environmental value. After a consultation period, the City chose a supplier in late 2011 to replace 6,448 luminaries (lights).Before the project, suppose that the 6,448 luminaries slated for replacement consumed 5,252,613 kWh of electricity annually. In 2010/11, the annual lighting bill was $654,476. Suppose that the new LED…

When firms experience an increase in the cost of producing their goods and services they will want to charge ______ prices. As a result, buyers will experience a ________ in their purchasing power and this will cause production of goods and services to ________. Group of answer choices higher:  decrease : decrease lower  :  increase : increase higher  :  increase : increase higher  :  decrease : increase

4 Question 8 School placement office 1 pts O Place where counselors know your program of study and the employment needs of the community O Specialized journals specific to a career or occupation and a good source of job leads OA person likely to enjoy starting his or her own company ○ A list of jobs and important information about them OA person who likes to work solving problems ○ A person who likes working with and for others A graphic artist would have this personality type OA person who likes physically active work O Meeting with people in a chosen field to discuss job options, training requirements, and job future OA person who likes working with numbers and information

Please help answer all questions related to the screenshot.