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- If consumption is $30,000 when income is $35,000, and consumption increases to $35,000 when income increases to $43,000, the MPS is Select one: O a. None of the options O b. 0 O c. 0.625 O d. 0.375Question 1 Consider the proposition 5x + 9 ≥ 24.s(0) +9• Is r 20 a necessary condition or a sufficient condition or necessary andsufficient condition?• Is x ≥ 3 a necessary condition or a sufficient condition or necessary andsufficient condition?uestionQ: Determine whether the following statemnts are true or false: a) The economic costs of a firm are payments to resource owners, sufficient to divert these resources from alternative consumption possibilities. b) Economic profit is an implicit cost. c) The larger the volume of production in the firm, the lower the total fixed costs.
- Apple is selling 30,000 units in Europe at an average price of 1500 euros per unit. Both the spot and forward rates are $1.20/euro. The cost of each unit in dollars is $1300 per unit. The elasticity of demand for Apple computers in Europe is Euro= 1.5. Now consider a depreciation of Euro (relative to US $) from $1.20/ euro to $1.08/Euro and assume zero passthrough. What is Apple's exposure? a. $45 mn b. $20 mn c. Euro 45 mn d. Euro 20 mnA bag contains 12 yellow balls of 400 grams each and 18 blue balls of 700 grams each. Some yellow and some blue balls are taken from this bag and thrown into a second empty bag. At the end of this process; The average of the weights of the balls in the first bag was 500 grams, and the average of the weights of the balls in the second bag was 600 grams. What is the number of blue balls thrown into the second bag? A) 16 B) 14 C) 12 D) 10 E) 8Q) how to solve d? for scotland its suppose to be 150 (from 100*0.5) for grapesland its suppose to be 250, but how do you get this answer?
- A town is endowed with an oil reserve. The total stock of oil from the reserve is 110 barrels. The townmust sell all 110 barrels within two time periods, so the quantity extracted will be q1 + q2 = 110, whereq1, for example, is the quantity extracted in period 1. The price per barrel that the town can sell theoil for is pt= 150 −10/11 qt in each period. There is a constant cost of extraction c = 50, such that theresource rent earned by each barrel in each period is πt= pt−c. If the interest rate is 20%, how muchoil will the town extract in period 1 and in period 2 (what should q1 and q2 be) if it wanted to extractefficiently (i.e. maximize profits)?Compare and contrast the difference between dynamic (intertemporal) efficiency and static efficiency with respect to non-renewable resources. a. What are the efficiency conditions for each? Explain your answer. b. What costs reflected in the inter-temporal analysis are not captured in the static analysis? Explain your answer. c. How does the discount rate factor into each analysis? d. What impact does the discount rate have on the allocation of non-renewable resources across time and long run price path of non-renewable resources? e. Discuss the ethical issues associated with economists use and choice of a discount rate when analyzing natural resource and environmental problems.A company that produces video equipment, including videocameras and televisions, is attempting to forecast what newproducts and product innovations might be technologicallyfeasible and that customers might demand 10 years into thefuture. Speculate on what type of qualitative methods itmight use to develop this type of forecast.
- Problems & Applications (Ch 09) Q#9Given that Costa Rica has 12.1 mean years of school, the minimum years of school is 0, and the maximum years of school is 13.3. Also, Costa Rica has 15.2 expected years of schooling, the minimum years of schooling is 0, and the maximum years of expected schooling is 18. The minimum education index is 0 and the maximum education index is 0.971. What is the education index for Costa Rica for NDHI? Please show your work.22.) What percentage of France's electricity is generated by nuclear energy? a. 25 percent b. 50 percent c. 75 percent