Please answer 1,3,4 4. A movement from point C to D indicates that the opportunity cost of increasing the production of101824 28 30Mobile phones (1 000s)a)Mobile phones by 6 000 is 1 000 laptopsb)Laptops by 1 000 is 6 000 mobile phonesc)Mobile phones by 1 000 is 6 000 laptopsd)Mobile phones by 1 000 is 1 000 laptopsLaptops (1 000s) 1. The price of compact disc players fell over the past decade because a combination of improvingtechnology, rising incomes, and falling prices of compact discs caused thea) Demand curve for compact disc players to shift rightward faster than the supply curve of compact disc players shiftedrightward.b) Supply curve of compact disc players to shift rightward faster than the demand curve for compact disc players shiftedrightward.c)Demand curve for compact disc players to shift leftward and the supply curve of compact disc players to shiftleftward.Supply curve of compact disc players to shift rightward and the demand curve for compact disc players to shiftd)leftward.3. Consider the following diagram and answer the question belowThe monopolist shown above is:a)Making a profit of AB X 0C.b)Making zero economic profit.c)Making a loss of EF X OD.d)Making a loss of AB X OC.

Since you have posted multiple questions, we will solve the first question for you. If you want any…

24 28 30 Mobile phones (1 000s) 10 18 a) Mobile phones by 6 000 is 1 000 laptops b) Laptops by 1 000 is 6 000 mobile phones Mobile phones by 1 000 is 6 000 laptops d) Mobile phones by 1 000 is 1 000 laptops Laptops (1 000s)

24 28 30 Mobile phones (1 000s) 10 18 a) Mobile phones by 6 000 is 1 000 laptops b) Laptops by 1 000 is 6 000 mobile phones Mobile phones by 1 000 is 6 000 laptops d) Mobile phones by 1 000 is 1 000 laptops Laptops (1 000s)

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 4PA

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Question

Please answer 1,3,4

4. A movement from point C to D indicates that the opportunity cost of increasing the production of
10
18
24 28 30
Mobile phones (1 000s)
a)
Mobile phones by 6 000 is 1 000 laptops
b)
Laptops by 1 000 is 6 000 mobile phones
c)
Mobile phones by 1 000 is 6 000 laptops
d)
Mobile phones by 1 000 is 1 000 laptops
Laptops (1 000s)

1. The price of compact disc players fell over the past decade because a combination of improving
technology, rising incomes, and falling prices of compact discs caused the
a) Demand curve for compact disc players to shift rightward faster than the supply curve of compact disc players shifted
rightward.
b) Supply curve of compact disc players to shift rightward faster than the demand curve for compact disc players shifted
rightward.
c)
Demand curve for compact disc players to shift leftward and the supply curve of compact disc players to shift
leftward.
Supply curve of compact disc players to shift rightward and the demand curve for compact disc players to shift
d)
leftward.
3. Consider the following diagram and answer the question below
The monopolist shown above is:
a)
Making a profit of AB X 0C.
b)
Making zero economic profit.
c)
Making a loss of EF X OD.
d)
Making a loss of AB X OC.

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