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Hi - I'm confused on isocost lines... I have to draw a diagram with artifical intelligence on the y-axis and human intelligence on the x-axis and draw isocost lines.
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- Karan and Arjun work for a political campaign for 20 hours each per week. It takes Karan 2 hours to make a poster and 5 hours to write a memo. It takes Arjun 4 hours to make a poster and X hours to write a memo. The campaign needs 10 posters this week, and as many memos as possible. Since Karan is faster at making posters, he should be assigned the task of making posters.What is Pareto Improvement and Fairness in economic?Explain the individual’s economizing problem and how trade-offs, opportunity costs, and attainable combinations can be illustrated with budget lines.
- How does the slope of a budget line illustrate opportunity costs and trade-offs? How does a budget line illustrate scarcity and the effect of limited incomes?Altruism: now consider the case where each individual cares about the benefit from the museum to the other two. For example, any additional utility to Alice or Bianca is also a utility gain for Claire. Hint: for each person, the total marginal benefit is TMB= MBA+ MBB+MBC Find each person’s optimal number of art works. Who will contribute and how many works of art will be provided?Select the correct answer. Which form of relativism states that people rely on their own standards of right and wrong when making a decision? A. naïve relativism B. role relativism C. social relativism D. cultural relativism E. habitual relativism
- I am having trouble explaining ped for my equationUsing a diagram, draw the outcome of optimal choice using an indi↵erence curve and the individual’s lifetime budget constraint.When using the social ecological model, which of the following would be considered part of the "exosystem" of influence on an individual's physical activity? O Personal factors O public policy O Institutional factors O Exosystem does not exist in the social ecological model If you have a client who wants to work out on his own, which of the following method of prescribing exercise intensity you should recommend to be more accurate? O Rating of perceived exertion (RPE) O Talk test O % Age predicted HRmax O % Heart rate reserve (measured)
- Using a graph of budget lines and indifference curves, show how an increase in the price of bananas affects the amount of time the individual works.discuss briefly (7-8 lines) the meaning of "economic analysis is marginal analysis" and give a personal example! (please give any personal example!)Discuss the impact of rational self-interest on each of the following decisions: a. Whether to attend college full time or enter the workforce full time. b. Whether to buy a new textbook or a used one. c. Whether to attend a local college or out of town college.
