z List - MKTG-1102- EssenDo Homework - Basics of Econ, Opportunity Cost, Production Possibilities. - Google ChromeA openvellumathxl.com/Student/PlayerHomework.aspx?homeworkld%36112948988&questionld%3D28&flusheM GmailITMG 1B Econ 2100b EconomicHW SCE Homework: Basic...Question 28, 2.1 Questio...MenuO onmentsNormative statements are based onmeworkO A. the law, which may be quite different in various countries.B. value judgements.- Quiz/TestC. imaginary views of the world.O D. unrealistic expectations about some aspects of the economy.O E. judgements about what the world is like.

A normative statement conveys a value judgement regarding whether a condition is acceptable or…

Answered: Normative statements are based on O A.…

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter25: Production And Growth

Section: Chapter Questions

Problem 1CQQ

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econ terms-- somebody pls check these out and tell me if I did it right! thanks
Two important industries on the island of Bermuda are fishing and tourism.According to data from the Food and Agriculture Organization of the United Nationsand the Bermuda Department of Statistics, in 2009 the 306 registered fishermen inBermuda caught 387 metric tons of marine fish. And the 2,719 people employed byhotels produced 554,400 hotel stays (measured by the number of visitor arrivals).Suppose that this production point is efficient in production. Assume also that theopportunity cost of 1 additional metric ton of fish is 2,000 hotel stays and that thisopportunity cost is constant (the opportunity cost does not change).a. If all 306 registered fishermen were to be employed by hotels (in addition to the2,719 people already working in hotels), how many hotel stays could Bermudaproduce?
Please explain step by step (Engineering Econ)
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6 Does Elon Musk suffer from scarcity? Explain.
Azril is going to buy 5 new color photostat machine which is a new high technology model from Japan to be place in his new branch shop at Petaling Jaya. Which benefit of SMEs MOST related to this action? Azril akan membeli 5 mesin fotostat warna baru yang merupakan model baharu dari Jepun untuk diletakkan di kedai cawangan barunya di Petaling Jaya. Yang manakah manfaat PKS YANG PALING berkaitan dengan tindakan ini? Select one: A. Increase the networking with large firms/ Meningkatkan rangkaian dengan firma besar B. It improve the transfer of foreign technology / Ia meningkatkan pemindahan teknologi asing C. Strengthen the basic structure of the country's industry/ Memperkukuh struktur asas industri negara D. SMEs is the backbone of the economy/ PKS tulang belakang ekonomi
1. Approximately what percentage of the world"s economies experience scarcity? A. 100% b. 75% c. 50% d. 25%
Over the past century, real GDP per person in the United States has grown about _____ percent per year, which means it doubles about every ______ years.a. 2, 14b. 2, 35c. 5, 14d. 5, 35
macroeconomics Q2: Three students have each saved $1,000. Each has an investment opportunity in which he or she can invest up to $2,000. Here are the rates of return on the students’ investment projects: Harry 5 percent Ron 8 percent Hermione 20 percent If borrowing and lending is prohibited, so each student uses only his or her saving to finance his or her own investment project, how much will each student have a year later when the project pays its return? Now suppose their school opens up a market for loanable funds in which students can borrow and lend among themselves at an interest rate r. What would determine whether a student would choose to be a borrower or lender in this market? Among these three students, what would be the quantity of loanable funds supplied and quantity demanded at an interest rate of 7 percent? At 10 percent? At what interest rate would the loanable funds market among these three students be in equilibrium? At this interest rate, which…
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(50 points) Consider the two-period economy with investment discussed in class. Forthe sake of simplicity, assume that the utility is time separable and that the per-periodutility is equal to:u(C) = log CAssume also that the technology to produce the consumption goods has constant returns to scale. Moreover, capital is the only input to production. Hence the currentperiod technology can be represented as:Y = zK1where Y , K, and z stand for output, capital and total factor productivity in the currentperiod. The future period technology is akin to the current period technology. There isno government expenditure in the current and future period so that G = 0 and G0 = 0.Finally there is full capital depreciation, namely δ = 1.(a) (10 points) Write down the social planner’s problem. State the variables withrespect to which the social planner maximises.(b) (10 points) Derive the first order conditions to the planner problem. Rearrangethere condition to find the conditions characterising the…
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Normative statements are based on O A. the law, which may be quite different in various countries. O B. value judgements. O C. imaginary views of the world. O D. unrealistic expectations about some aspects of the economy. O E. judgements about what the world is like.