Chapter Problem 1 The table shows the quantities of corn and beef that a farm can produce. Beef (pounds per year) 600- Corn Beef (pounds per year) (bushels per year) 500- 250 and 200 300 and 100 500 and 400- and 550 300- Draw the farm's PPF for corn and beef. Draw a point that shows an inefficient combination of corn and beef. Label it A. 200 Draw a point that shows an unattainable combination of corn and beef. Label it B. Draw a point that shows an efficient combination of corn and beef. Label it C. 100- 0- 100 250 150 Corn (bushels per year) 200 300 50

Wichita — Farmers in Kansas, the biggest US producerof wheat, are abandoning their crops damaged by severedrought and cold.Some are spraying wheat fields with crop-killingchemicals and claiming insurance payouts in the beliefthat it is not worth harvesting the little grain that thereis, Reuters found on a three-day tour of the state. Othergrowers let cattle graze on the dismal-looking fields.Abandoning fields will reduce the crop of the world’sfifth-largest wheat exporter, with stocks expected to fallto a 16-year low. Large-scale abandonment deals aneconomic blow to farm towns and force wheat buyersto adjust procurement plans by buying the staple grainelsewhere.Nationally, winter-wheat farmers plan to abandon 33%of the acres they planted, the highest percentage sinceWorld War 1, the US department of agriculture said ina May 12 report.Kansas farmers are expected to abandon about 19% ofthe area planted last autumn, up from 10% in 2022 and4% in 2021, according to the report. But farmers,…

listen to this The Economist, Adam ruins everything video, and a few other articles about using a market to help animal conservation using trophy hunting. Please write a 1 to 2-page paper about how the program alters how people look at different animals. Paper requirements: Size: 11 Font: Calibri Spacing: Double Length: 1-2   Paper Questions: Adam ruins everything: https://youtu.be/cQh-f1rBjx4 The Economist: https://youtu.be/9y7YFjisSTg Vice article: Link Questions you must answer, you may write a standard paper, or you can answer the following questions in bullet point form. You must write it in an easy-to-read form regardless of how you choose to do it. What is trophy hunting? Is trophy hunting the main reason animals are being killed off? Why is there demand for exotic animal parts? How does this impact animal deaths? https://www.vice.com/en/article/akgb3a/rare-rhino-horns-worth-78-million-burnt Please describe how the program works. Walk me through all the steps. What issues do…

Graph the PPF     A B C D E F Sanitizer(y) 100 95 85 65 35 0 Rice (x) 0 5 10 15 20 25      Graph the two demand curve and mark Z the point where price is 4 and demand is 20.   Price 0 1 2 3 4 5 Demand (A) 60 50 40 30 20 10 Demand (B) 24 20 16 12 8 4   Graph the demand curve and if the price is 6 please shade the consumer surplus   Price 0 2 4 6 8 10 12 Demand 60 50 40 30 20 10 0   Graph the two supply curve and mark X the point where price is 6 and supply is 6.   Price 0 2 4 6 8 10 Supply (A) 0 3 6 9 12 15 Supply (B) 0 2 4 6 8 10   Graph the supply curve and if the price is 3 and supply is 9 units please shade the consumer surplus   Price 0 1 2 3 4 5 Supply (A) 0 3 6 9 12 15   Graph the demand and supply curve. Mark Z the equilibrium point…

POSSIBILITIES    PINEAPPLES                  MANGOESA    100    0B    90    15C    70    30D    40    45E    0    60 1.    Graph the production possibility frontier (PPF) placing pineapples on the X axis and mangoes on the Y axis.                                            2.    On PPF curve drawn, identify the following points: i.    Unattainable (label the point U) ii.    Attainable and efficient (label the point AE)    iii.    Attainable and inefficient (label the point AI)    3.    What does the shape of the PPF curve drawn suggest about the opportunity cost of producing ONE more unit of pineapples or mangoes                                4.    If mangoes harvesting increases from 15 to 30, what is the opportunity cost of harvesting pineapples?                                         5.    What is the economic significance of choosing to harvest at 25 pineapples and 50 mangoes?  6.    With the aid of a diagram, explain the effect of a new technological mobile weather station on…

Practice Question 8:  Resubmitted Table 1 ​ James Lucy Wagons 16 18 Tricycles 32 24 Table 1 shows the output per week of two people, James and Lucy. They can either devote their time to making wagons or making tricycles.  What is Lucy's opportunity cost of making a wagon? Group of answer choices   1. 1 1/3 tricycles 2. 2 tricycles 3. 3/4 of a wagon 4. 3 wagons

Imagine a country XYZ that produces only two goods—chairs and tables. Together, the chairs and tablesindustries use all of the economy’s factors of production. The table below shows the productionpossibilities for XYZ:Production Possibilities for XYZChairs  Tables600        0450      150300      250150      325 0         375   use the slope (rise/run)  to solve it and describe what happen a. What is the opportunity cost of increasing chairs production from 450 chairs to 600chairs? b. What is the opportunity cost of increasing tables production from 250 tables to 325tables?

-A) Describe production and the factors that go into producing various goods and services. -B) Describe the opportunity cost an economy incurs to increase the production of one product. Use a production possibilities frontier

Table 1:Production AlternativeTypes of Prod   PRODUCTION ALTERNATIVES          Types of Production A B C D E CEREAL 0 250 450 650 850 BREAD 130 117 109 89 0 Using the Table 1 abovea. Draw a production possibilities curve for cereal and bread using the data above. b. Label the points where the economy would be efficient (A), underutilized (B) and unattainable (C).

DATA RESPONSE QUESTION ON PRODUCTION POSSIBILITY FRONTER (PPF)   Consider the following data for the harvest of pineapples versus the harvest of mangoes in Jamaica. JAMAICA’S FARM   POSSIBILITIES PINEAPPLES               MANGOES A 100 0 B 90 15 C 70 30 D 40 45 E 0 60   a. Graph the production possibility frontier (PPF) placing pineapples on the X axis and mangoes on the Y axis. b. On PPF curve drawn, identify the following points: a. Unattainable (label the point U) b. Attainable and efficient (label the point AE) c. Attainable and inefficient (label the point AI) c. What does the shape of the PPF curve drawn suggest about the opportunity cost of producing ONE more unit of pineapples or mangoes d. If mangoes harvesting increases from 15 to 30, what is the opportunity cost of harvesting pineapples? e. What is the economic significance of choosing to harvest at 25 pineapples and 50 mangoes? f. Explain the effect of a hurricane on…