b. What is the opportunity cost of 1 ton of apples for the nations of Argentina and Brazil, respectively? A. 4 tons of oranges and 2 tons of oranges B. 2.5 tons of oranges and .4 tons of oranges C. .25 tons of oranges and .5 tons of oranges D. 2 tons of oranges and 4 tons of oranges E. 5 tons of oranges and .25 tons of oranges
Q: In a sample of 20 students, 7 are economics majors, 4 are psychology majors, 6 are math majors and 3…
A: Relative frequency is the ratio of subgroup frequency and Total frequency.
Q: QUESTION 13 Suppose that LuAnn and Jill are both in the public eye. They get offers to sell secrets…
A: A dominant strategy refers to the strategy which the player does not change regardless of the other…
Q: Suppose output and income is equal to 22400, the marginal propensity to consume is 0.60, and…
A: In the absence of the public sector and foreign sector Y=C+I At equilibrium the saving is equal to…
Q: Three engineers made the estimates shown below for two optional methods by which new construction…
A: Life=5 years Discount rate =10%
Q: There are two firms in the pumpkin industry: C and S. The demand function for pumpkins is q = 3, 200…
A: Duopoly is the form of oligopoly market structure where there are two firms producing goods and…
Q: Use the information provided in Table 7.2 below to answer the question(s) that follow. Table 7.2…
A: Technology that mainly relies heavily on capital rather than the human labor are termed to be…
Q: Refer to the following figure. Price of pizza A D₁ D₂ Number of pizzas per month Figure 3.7 D₂ 1370…
A: The demand for things in this category that are considered to be "normal" is directly influenced by…
Q: The CPI in a country is 109.83 in 1985 and 255.64 in 2020. Assume the price of a movie ticket in…
A: CPI is the consumer price index. The CPI is calculated as the cost of market basket in current year…
Q: on on S A B 0 DE Quantity MC MR D ATC Suppose that the firm in the graph above is in a market of…
A: In a monopolistically competitive market , There exists a large number of buyers and sellers. The…
Q: For the following table, assume a MARR of 9% per year and a useful life for each alternative of six…
A: The incremental rate of return is used to find the most preferred alternative when two or more than…
Q: Discuss thoroughly 1 macroeconomic issue (except inflation, unemployment, current account deficit,…
A: A macroeconomic issue refers to a problem or challenge that affects the economy as a whole, rather…
Q: The Policy rule that suggests that the FED ought to target the rate of growth of Noinal GDP is: a.…
A: NGDP targeting is a monetary policy structure that proposes the central bank, like the Federal…
Q: Q27. Suppose the U.S. Congress passes significant immigration reform that makes it easier for…
A: equilibrium level of GDP means equilibrium level of GDP refers to the point where the aggregate…
Q: When Big Top maximizes profit, what is the consumer surplus and producer surplus and is the circus…
A: Consumer surplus is the difference between the amount the consumers are willing to pay and what they…
Q: Suppose actual real GDP is $13.74 trillion, potential real GDP is $12.69 trillion, and the marginal…
A: Given Actual real GDP =$13.74 trillion Potential GDP =$12.69 trillion. Marginal propensity to…
Q: Explain the meaning of the slopes and why the slope changes. Explain inflection points and why the…
A: Average variable cost: AVC is the total variable cost of producing a unit of output divided by the…
Q: In real business cycle theory, the primary cause of economic fluctuations is a change in A B…
A: The business cycle refers to the cyclical pattern of economic growth and contraction that occurs in…
Q: P1 \ P2 A B C D A (17,5) (7, 13) (12,2) (1,20) B (11, 16) (2, 10) (6,9) (10, 20) C (15,4) (13,9)…
A: A Nash equilibrium is a concept in game theory that refers to a set of strategies where no player…
Q: 5. Capital flight The graphs below depict the loanable funds market and the relationship between…
A: The term capital outflow alludes to the development of monetary capital (cash) between economies.…
Q: Suppose the initial budget constraint is: p₁x₁ + P2X2 = m. Then, a new government imposes an ad…
A: A tax that is proportional to the value of the goods (here, x1 and x2) being taxed is termed an ‘ad…
Q: Economic Deficit spending is a way of _____ Select one: a. billing future taxpayers for future…
A: Public finance involves the economics of public expenditure and income that is functional across…
Q: In an open economy,a change in domestic net foreign asset depends on how much is saved, and on…
A: In an open economy, the domestic net foreign asset (DNFA) is decided by the difference among a…
Q: Find the optimum strategies for player A, the row player, and player B, the column player, in the…
A: Saddle point In game theory, a saddle point is a solution concept for two-player zero-sum games. It…
Q: How do corporations avoid paying their taxes? What is the government doing about this and do you…
A: Taxes: Taxes or charges are the compulsory fees imposed by the government on the individual and on…
Q: 1. Canada is an open economy that is currently in a recessionary output gap. (a) Draw a correctly…
A: The point where the long-run aggregate supply curve, short-run aggregate supply curve, and aggregate…
Q: (2,0) (4,2) (3,5) P1 (4,1) Pa % D Using backwards induction on the game tree above, what payoffs…
A: The above game is a sequential game in which player 1 plays first and player 2 plays after player 1.…
Q: How long will you have to maintain a business that has an income of $10,000 per year and an expense…
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: Use the information in the table below to calculate the GDP of the economy. Consumption Investment…
A: The GDP refers to the production of goods and services during an accounting year.
Q: A sum of $1,000 is invested now by Kenneth and left for 8 years at which time the principal is…
A: Investment, in economics, means the purchase of goods that are not consumed today but are used in…
Q: You are the manager of a monopoly that faces an inverse demand curve described by P 528 - 12Q. Your…
A: P = 528 - 12Q --------> Demand function C = 124 + 48Q ------------> Cost function…
Q: For each of the following, identify whether the aggregate demand (AD) or short run aggregate supply…
A: Aggregate demand is the sum of Consumption, Investment, government spending and net export.…
Q: Refer to Scenario 7.4 below to answer the question(s) that follow. SCENARIO 7.4: You own and are the…
A: Total revenue is the product of price and quantity. Total economic cost is the sum of implicit and…
Q: Unfortunately, the answer is option B. Why is your response different with answer?
A: Market failure is when the free market equilibrium quantity of output is not the same as the…
Q: 2. Explaining short-run economic fluctuations A majority of economists believe that in the long run,…
A: AD is the total amount spent on all the goods and services in the economy and AS refers to the total…
Q: In the productive externality based endogenous growth model there is no explicit production function…
A: An externality is a cost or benefit that is imposed on a third party who didn't decide to incur that…
Q: Question 10 Consider the following table which shows a hypothetical case of India and the US. Both…
A: An exchange rate is the value of one country's currency compared to another country's currency. It…
Q: A farmer can grow wheat or corn. The unit profits for a bushel of each are the same. To grow wheat…
A: Given: Capital (K), land (L), A-Fertilizer (A), and B-fertilizer (B) The production of one bushel…
Q: Based on the following information: C = 40 + 0.7Yd, T = Tg – R, I = 200, G = 350, Tg = 60, R = 40…
A: Since you have posted a question with multiple questions, we will solve the first three subparts of…
Q: In long run macroeconomic models the effects of exogenous shocks, price rigidities and expectational…
A: A macroeconomic model is a tool that helps to explain the problems of a country and tries to solve…
Q: If a person rejoins the labor force and starts looking for work, then the unemployment rate a.…
A: The unemployment rate and labor force are closely related economic concepts. The labor force refers…
Q: C. What are the implications for the full-employment level of employment N and the level of…
A: The Keynesian Efficiency Wage Model is an economic theory that proposes that organizations pay…
Q: Demonstrate knowledge of global business concepts and cultural diversity in a business context.…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub parts for…
Q: Select the correct colored supply and demand graph for iPads that represent the impact of an…
A: Demand and supply are two fundamental concepts in economics that describe the behavior of buyers and…
Q: Suppose a hypothetical open economy uses the U.S. dollar as currency. The table below presents data…
A: The national savings represent the supply of loanable funds in the economy and the investment…
Q: Effect of fiscal and monetary policy on economic fluctuation in Zimbabwe
A: Economic ups and downs over time are referred to as economic fluctuations. Periods of growth, when…
Q: Using the “dynamic aggregate demand” and “dynamic aggregate supply” (DAD/DAS) model: (a) draw a…
A: The dynamic aggregate demand and supply (DAD/DAS) model is a macroeconomic model that shows how…
Q: Determine the economic life of an $800 laptop computer. Your personal interest rate is 10% per year.…
A: Economic life refers to the expected time frame during which the asset reaps the economic benefits…
Q: Effect of fiscal and monetary policy on consumption in Zimbabwe
A: The term fiscal policy describes how the government uses spending, taxes, and borrowing to affect…
Q: From the information in the table, can you determine the short run supply curve? If so, what would…
A: The supply curve shows the quantity of a good or service that producers are willing and able to…
Q: Consider a local fast-food restaurant. The following table shows the maximum price that Alex and…
A: Market equilibrium is the stable point in the market where demand meets supply and all goods &…
b. What is the
A. 4 tons of oranges and 2 tons of oranges
B. 2.5 tons of oranges and .4 tons of oranges
C. .25 tons of oranges and .5 tons of oranges D. 2 tons of oranges and 4 tons of oranges E. 5 tons of oranges and .25 tons of oranges
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Intermediate MicroeconomicsProblem Set 10.Submission options:• in person during lectures or TA sessions;• in Xiaoye Liao’s mail box at 19 West 4th, 6th Floor;• (less recommended) e-mail Xiaoye Liao atxl775@nyu.edu– in that case, be sure to use the subject line: “Submission Problem Set 10â€.Exercise 1Consider a game of rock-scissor-paper. There are two players, player 1 and player 2,and the winner receives $1 from the loser (if they draw, nothing happens). They playthis game simultaneously.1. What kind of game is this? Express this game in normal form.2. What are the set of possible actions and strategies?3. Find all Nash equilibria of this game.Exercise 2Consider a game represented by the following payoff matrix. Find all pure strategyNash equilibria. UMD LCR?10, 0 ?10, ?1 ?10, ?1?8, ?8 0, ?102, ?14, 57, ?101, 1 Exercise 3Consider a game represented by the following…https://www.youtube.com/watch?v=6EDCnhbUpgE Modern logistics! It would be hard to imagine our daily digital lives without them. As consumers, we can shop online every day and any hour of the day. We expect everything to arrive on time – whether clothing, printer spare parts or a set of screws. Online shopping is booming: in 2018, courier, express and parcel services, the so-called CEP sector, delivered around 3.5 billion shipments in Germany alone. And this is an upward trend. But how does all this work so smoothly, safely and on time? After all, we live in turbulent times: digitalization, climate crisis, growing world population and political and economic instability. How does the logistics industry rise to such challenges? For answers to these questions we need to dive deep into the world of modern logistics. Our film takes us into huge, fully connected warehouses, watching as fleets of cargo planes are prepared for take-off at night and accompanying couriers on delivery bikes on…3. Recycling CanFor the past 10 years, five Colorado cities have held a recycling contest to see which citydoes the best job of recycling plastic, glass, and aluminum. Those participating in thisyear’s contest are Arvada, Centennial, Lakewood, Highlands Ranch, and Parker.To make the contest fair for both large and small cities, the winning city will be the one that recycles the largest number of cans per capita—the number of cans recycled dividedby the number of city residents. 0.02 per can Recycling Can Contest City Population Jan Feb Mar Total Per Capita Arvada 15,855 10,505 24,556 12,567 Centenntial 28,951 24,567 21,777 26,719 Lakewood 142,547 102,376 105,876 121,987 Highlands Ranch 2,801,561 2,714,664 2,503,344 1,999,877 Parker 1,689,908 1,523,665 1,487,660 1,002,545 Total -…
- Only typed answer Kara and Kyle are competing sockeye salmon fishers. Both have been allocated ITQs that limit their catch to 2,000 tons of sockeye salmon each. Kara's cost per ton is $6; Kyle's cost per ton is $10. Assume that the market price of sockeye salmon is $14 per ton. If Kara pays Kyle $5 per ton for his ITQs, and if she then catches her new limit of 4,000 tons, her profit would be?There has been a decrease in people’s income and a rise in the price of sugar (an input for making Tea) in Pakistan during 2020 due to COVID-19 crisis simultaneously.Assume that your company produces two goods: laptops and tablets. Assume aslo that your company has limited resources( including time) to devote to producing these items. Now assume that the laptop team does something to improve the efficiency of making laptops, while the tabley holds to old methods. Given the change you can a) only increase your production of laptops b) only increase your production of tablets c) increase production of both items d) not increase your production in either tablets or laptops.
- Table: Spring Water Quantity(Cases) Price TotalRevenue MarginalRevenue MarginalCost AverageTotalCost Total Cost 0 $16 $0 $25 $15 $10 1 $15 $15 35.00 $35 $13 $6 2 $14 $28 20.50 $41 $11 $4 3 $13 $39 15.00 $45 $9 $2 4 $12 $48 11.75 $47 $7 $3 5 $11 $55 10.00 $50 $5 $3 6 $10 $60 8.83 $53 $3 $5 7 $9 $63 8.29 $58 $1 $9 8 $8 $64 8.38 $67 Reference: Ref 15-12 Table: Spring Water Table: Spring Water. The table shows the demand and cost data for a firm in a monopolistically competitive industry producing drinking water from underground springs. The profit-maximizing output is _____ cases. Select one: a. 7 b. 5 c. 6 d. 8Sonia is planning to start a new designer cloth shop. Her problem is to decide how large her shop should be.The annual returns will depend on both the size of her shop and a number of marketing factors related to thecurrent market conditions and demand for designer wear. After a careful analysis, Sonia came up with thefollowing tableSize of Shop Good Market (R.O.) Fair Market (R.O.) Poor market (R.O.)Small Scale 1024 9765 −500Medium Scale 1500 3000 −2000Large Scale 2000 3000 −4000Very Large Scale 3000 5000 −7000a) What will be her decision based on Pessimist criteria? b) What will be her decision based on Optimistic criteria? c) What will be her decision based Laplace criteria?Economic Mathematics Consider the problem of inventory costs and production to satisfy a demand x for a certain product. The data is as follows: Delivery period T = 8Starting inventory x (0) = 0Ending inventory x (8) = 144Inventory cost CI (x (t)) = 7x (t)Production flow cost Cp = 3.5x'2 (t)1. Write the problem of minimizing total costs over time 2. Check the second order conditions for minimization3. Raise the Euler equation and the differential equation to solve4. Find the paths of inventory, production and total costs5. Graph the inventory and production lanes (use 0.5 increments over time)
- Rаnϲhеrs ϲаn rаisе еithеr ϲаttlе or shеер on thеir lаnd. What would cause ϲаusе thе suррly of shеер to inscrease? Typed answer please. I ll rate.18. Assuming England has 60 man-hours (mhrs) of labor resource available for production, and labor is the only resource, the per unit resource cost of wine in England is ____ mhrs/bottle. (Plesuppose you ar etrying to determine the aftereffects of hurricane Katrina on the economy of Louisiana. Which assumptions could be made to simplify the study? Note that not all statements may be placed. 1. consider the effects on all of Louisiana's interstate trade partnters 2. focus on just the crawfish-and catfish-farming industries in Louisiana 3. determin the effects while holding the infrastructure and factors of production constant 4. track the total net worth of the output produced by the state prior to the hurrican and after the hurricane 5. compare the change in prices for all goods
