Use the following table to answer the question below. Alexandra’s Production Possibilities Schedule Natalia’s Production Possibilities Schedule Number of Scarves Knitted per Day Number of Sweaters Knitted per Day Number of Scarves Knitted per Day Number of Sweaters Knitted per Day 0 4 0 4 3 3 2 3 6 2 4 2 9 1 6 1 12 0 8 0
Q: The graph below represents the demand g a monopolist. The firm uses price discrimination to increa p...
A: Price discrimination refers to the practice of charging different prices from different consumers fo...
Q: A rational firm operating in a perfectly competitive market has its demand and total cost function g...
A: Total Cost Function : TC=50+25Q-40Q2 Total Cost can be decomposed into two parts: 1) Total Fixed Cos...
Q: III. Given: C= 50,000 + .8YDISP T=.25Y TR = 10,000 G= 20,000 I= 10,000 (Consumption Function) (Tax E...
A: Following formulas are used to calculate the: 1) Level of transfer payments: Using the formula for ∆...
Q: Consider a simple exchange economy with two people: Bob and Jake. Bob and Jake both have ten hours o...
A: PPF, Production possibilities frontier shows different combinations of two goods that can be produce...
Q: The maintenance cost for a car this year is expected to be $500. The cost will increase $50 each yea...
A: Note:- Since we can only answer one question at a time, we'll answer first one. Please repost the qu...
Q: Refer to the graph shown below, which illustrates a third-party payer market for diabetes screenings...
A: From the given demand and supply curve, Without a third party, the market is in equilibrium when the...
Q: Why are efficiency taxes preferred to regulatory policies as methods remedy externalities?
A: Externalities alludes to circumstances when the impact of creation or utilization of labor and produ...
Q: If negative externalities exist in the production of a product, it causes causes_ of the product
A: Negative Externality : Negative Externality exists when the production or consumption of a good or s...
Q: 2. Which bank regulatory agency has the sole regulatory authority over bank holding companies? Q...
A: Which bank regulatory agency has the sole regulatory authority over bank holding companies?
Q: The process of understanding the customer and choosing a group of customer you can serve best is cal...
A: b) Targeting Option "b" is correct. In marketing, segmenting the target population and then planning...
Q: The loan was made 3 years and 4 months at 6% simple interest. The principal interest amount of the l...
A: We have been given the following information. Time (t) = 3 years and 4 monthst = 3 + (4/12) yearst =...
Q: Nominal interest rate (percent per year) 8 MS 4 MD .3 .6 .9 1.2 1.5 Money (trillions of dollars) In ...
A: Given; MS= Money supply MD= Money demand
Q: If the pension benefits for a person is determined by the contributions into the plan and their earn...
A: Answer:- (a) Defined contribution plan.
Q: Rational expectations theory assumes Multiple Cholce consumer behavior is static. consumers will cha...
A: Consumer behavior is not static, consumers form their expectation according to RE, consumers use all...
Q: Which of the following statements is true? Question 30 options: a) A bank’s balance sheet sh...
A: A bank is an entity that acts as the financial intermediatary to provide loans to the investors and ...
Q: e accompanying table shows data from the World Bank, World Development Indicators, for real GDP per ...
A:
Q: Use the information contained in the figure below, which contains the NPV profile for Project A (sol...
A: The correct answer is given in the second step.
Q: economics is the study of
A:
Q: The lower-income industrial countries are catching up to the higher-income industrial countries in t...
A: According to the catch-up effect, there will be a convergence between lower-income industrial econom...
Q: Can Entreprenuership be thougth?
A: Entrepreneurship cannot be taught in the traditional sense of sitting in a classroom listening to a ...
Q: Use the graph below to answer the following question. 10 8 Long Run Average Total Costs
A: Economies of scale (or increasing return) occur when LRAC decreases as output increases. This happen...
Q: Cyclical unemployment 1) has a different explanation than does the natural rate of unemployment. 2) ...
A: All of the above Option 4th is corrrect. Option 1st is correct because e cyclical unemployment rate ...
Q: The fluctuations in the income level that result from changes in investment spending depend onl...
A: MPC is the marginal propensity to consume which is the ratio of percentage of change consumption spe...
Q: Ily assume that the countries, after much deliberation, decided to trade 25 beets for 100 bushels of...
A: In 1968, India established the Public Provident Fund (PPF) with the purpose of mobilizing little res...
Q: Due to the increased use of credit carus, peup O a. a rightward shift in the demand for money curve....
A: The money demand curve is downward sloping from left to right. It shows an inverse relationship betw...
Q: Question 2 Please aim to write approximately 400 words for text and graph analysis. Assume TX Bakery...
A: Dear student, you have asked multiple sub-part questions in a single post. In such a case, I will be...
Q: 1. Which of the following is a likely scenario following a prevalent increase in death from HIV/AIDS...
A: B. Labor participation rate may decrease. Option "B" is correct. Due to increase in death from HIV/A...
Q: 1. Everything else held constant, suppose the economy is currently producing at the natural rate of ...
A: Answer: The given statement is True. Explanation: If the Canadian dollar appreciates then the import...
Q: Consider the following 2-player game. The game has a Nash equilibrium in mixed strategies. When both...
A:
Q: Discuss how the interdependence of input markets for labor, capital, and land might affect supply, d...
A: The market for land, labor, and capital is known as factors market that influence the demand and sup...
Q: 2. Consider these three utility functions: u1 = 2122 U2 = In z1 + In a2 Which of these functions can...
A: utility function is an important concept that measures preferences over a set of goods and services....
Q: A bank is insolvent when Question 24 options: a) its liabilities exceed its assets. b) ...
A: Answer: (a) Its liabilities exceed its assets.
Q: Case: As part of the most recent collective bargaining agreement with employees, an employer must of...
A: In the above question, it is given that : Employers must provide medical insurance at "fair, non-pr...
Q: 2. Why does local non-satiation of preferences imply that a consumer would always choose a bundle on...
A: Among the very ideas of microeconomics that form the basis of consumer theory, one of the most impor...
Q: 1. What is a monopoly? What are anti-trust laws? How da these relate to the Epic Games vs. Apple law...
A: 1) Monopoly is defined as the single ruler, where there is a high barriers to entry and there is a l...
Q: two (2) differences between the consumer price index and the GDP deflator
A: CPI is Consumer Price Index. GDP Deflator is Gross Domestic Product Deflator.
Q: Price Level AS P1 P2 AD - AD' Y2 Y1 Real National Income
A: In the United States, government make changes in its taxation and spending, according to the require...
Q: Predict how each of the following events will raise or lower the equilibrium wage and quantity of lu...
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...
Q: The textbook discusses several things that determine how price elastic the supply of a good or servi...
A: A product's price elasticity describes how sensitive suppliers and buyers are to price changes. It i...
Q: Why is it helpful to track your spending for 2 months? a. You can receive higher interest rates for ...
A: As an individual who make expenditure on different goods and services according to his interest, nee...
Q: If a bank borrows funds owned by another bank (not the Fed) the interest rate agreed to between the ...
A:
Q: Q3 Suppose that the average hourly wage of manufacturing workers decreases. Assuming the market for ...
A: Perfectly competitive market: - it is a market condition where there are many buyers and many seller...
Q: A time deposit of P150,000 for 31 days earns P900 on maturity date after deducting the 30% withholdi...
A: a time deposit is meant by an interest-bearing bank account with a fixed term.
Q: South Africa has a GDP of $10 billion (measured in U.S. dollars) and a population of 45 million. Ecu...
A: South Africa has a GDP of $10 billion (measured in U.S. dollars) and a population of 45 million. GDP...
Q: Suppose that there is an increase in Consumption, holding both G and Y* equal. If this is the case, ...
A: In an economy, national savings includes private savings and public savings. Private savings is the ...
Q: Question One @ Zabron has preferences > for Champagne (good 1) and Wine (good 2) defined by: (*, x2)...
A: Without loss of generality we assume that x1<x2 and z1<z2 for the entire problem. i. From the ...
Q: Economy A's firms post 300 vacancies. There are 5000 employed wokers in Economy A, and no unemployed...
A: The formula for calculating the vacancy rate is: Vacancy rate = (Number of vacancies / Total number ...
Q: When Germany exports Mercedes Benz to the United States and the United States exports Hummers to Ger...
A: Here in the given question both the countries are importer and exporter at the same.
Q: Which of the following statements are correct? (This is an "all-or-nothing" question: if you do not ...
A: Gross domestic product(GDP) measures the money value of all final goods and services produced in an ...
Q: Suppose Demand is given by Q = 60 -4P. What is the price elasticity of demand when P = 5? 1)-1/2 ...
A: Price elasticity of demand is a measurement of the change in the consumption of a product in relatio...
Use the following table to answer the question below.
| Alexandra’s Production Possibilities Schedule | Natalia’s Production Possibilities Schedule | ||
| Number of Scarves Knitted per Day | Number of Sweaters Knitted per Day | Number of Scarves Knitted per Day | Number of Sweaters Knitted per Day |
| 0 | 4 | 0 | 4 |
| 3 | 3 | 2 | 3 |
| 6 | 2 | 4 | 2 |
| 9 | 1 | 6 | 1 |
| 12 | 0 | 8 | 0 |
What is Natalia’s
-
3 sweaters
-
2 sweaters
-
1/3 of a sweater
-
1/2 of a sweater
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Use the following table to answer the question below. Dave's Production Possibilities Schedule Simon's Production Possibilities Schedule Pounds of Green Beans Pounds of Corn Pounds of Green Beans Pounds of Corn 0 160 0 80 20 120 40 60 40 80 80 40 60 40 120 20 80 0 160 0 Dave's opportunity cost of producing 1 pound of corn is ______ pound(s) of green beans. Simon's opportunity cost of producing 1 pound of corn is ______ pound(s) of green beans. Multiple Choice 1, 2 2, 1/2 1/2, 2 2, 1Q15.) Marie has a weekly budget of $24, which she likes to spend on magazines and pies. The price of a pie is $12. 1.) If the price of a magazine is $4 each, the maximum number of magazines she could buy in a week is m? 6 magazines 2.) If she buys 1 pie the number of magazines she can buy in a week is? 3 magazines 3.) What is her S opportunity cost of purchasing a pie? $4 What is question 4 answer? 4.) If Marie's weekly budget is $24, which she likes to spend on magazines and pies, and If the price of a pie is $12 each, what is the maximum number of pies she could buy in a week? ___You’re given the following information about a newlywed couple Mike and Debbie. The table provides you with the time it takes each of them to do different chores: vacuuming a room or washing a load of dishes. Mike Vacuum 1 room = one hour 2 loads of laundry = one hour Debbie Vacuum 2 rooms = one hour 1 load of laundry = one hour What is Debbie's opportunity cost of washing a load of laundry in terms of vacuuming? Group of answer choices The ability to vacuum 2 rooms. The ability to vacuum 1/2 a room. The ability to vacuum 3 rooms. The ability to vacuum one room.
- Joe likes to snack. Suppose that Joe gets only one snack per day. Use the table below to indicate (1) which snack he will choose and (2) the opportunity costs of that decision (measured in utils). Snack Utils Received Chicken Breast 34 Pepperoni 24 Cheese 36 BBQ Chicken 30 Chicken Strips 26Q15.) Answer each question. Marie has a weekly budget of $24, which she likes to spend on magazines and pies. The price of a pie is $12 1.) If the price of a magazine is $4 each, the maximum number of magazines she could buy in a week is ___. 2.) If she buys 1 pie the number of magazines she can buy in a week is ____. 3.) What is her S opportunity cost of purchasing a pie? ___ 4.) If Marie's weekly budget is $24, which she likes to spend on magazines and pies, and If the price of a pie is $12 each, what is the maximum number of pies she could buy in a week? ___Suppose a small economy produces only two goods: apples and oranges. The production possibilities frontier (PPF) for this economy is given by the following equation: PPF: 5A + 3O = 60, where A represents the quantity of apples produced and O represents the quantity of oranges produced. Calculate the opportunity cost of producing one additional apple.
- Carmen and Dennis live on a desolate island. They spend their days fishing or climbing trees to collect coconuts. The following table shows how much of each activity Carmen and Dennis can produce for each hour of work. They each can work up to 12 hours a day. Fish per hour Coconuts per hour Carmen 40 8 Dennis 28 7 On a piece of paper, draw Carmen's PPF with fish on the horizontal (x) axis and coconuts on the vertical (y) axis. Carment's PPF extends from Question Blank 1 of 9 to Question Blank 2 of 9. (Hint: your answer should be in the form of a point (x,y).) Question Blank 3 of 9 has an absolute advantage in the production of fish, and Question Blank 4 of 9 has an absolute advantage in the production of coconuts. Carmen's opportunity cost of producing 1 coconut is Question Blank 5 of 9 fish, while Dennis' opportunity cost of producing 1 coconut is Question Blank 6 of 9 fish. Because Carmen has a Question Blank 7 of 9 opportunity cost of producing…while this topic may seem insensitive given the recent events in Uvalde (and others), in economics the "Guns vs. Butter" debate has been used for decades to describe the choice and trade-offs between producing a governmental capital goods (guns) vs. personal consumer goods (butter) in society. Please keep this in mind and do not get off topic in the guns vs. no guns debate or the idea of gun legislation. In this exercise you will demonstrate your ability to draw a simple production possibilities curve given data on the quantity of one input (labor) and the amount of labor required to produce each of two outputs (guns and butter). You should also be able to identify the opportunity cost of one good in terms of the other as the slope of the PPC. You will go on to explain your analysis. Guns or Butter? Suppose a nation has a total of 24 units of labor, which can be used to produce either guns or butter. One gun takes 6 units of labor to produce and 1 butter takes 2 units of labor to…Suppose there are two individuals, Casey and Rick, who live in a very simplified world where only two goods are produced and consumed: rice and beans. The production opportunity cost for Casey is 4.00 kg4.00 kg of rice for every kilogram of beans. Rick has a production opportunity cost of 2.00 kg2.00 kg of rice for every kilogram of beans. Casey eventually realizes that, through trade, both individuals can be better off. Rick is willing to trade. What price can be settled between these two parties such that both individuals can enjoy more rice and beans? Give your answer to two decimals.
- The below table shows production points on Sweet-Tooth Land's production possibilities frontier. Which of the following statements is TRUE? B) Producing a combination of 20 chocolate bars and 80 cans of cola is attainable but inefficient. A) Producing a combination of 0 chocolate bars and 100 cans of cola is both attainable and efficient. D) Producing a combination of 40 chocolate bars and 0 cans of cola is unattainable and inefficient. C) Producing a combination of 30 chocolate bars and 38 cans of cola is only attainable with an increase in technology.Refer to the following production possibilities table for consumer goods (automobiles) and capital goods (forklifts): a. Show these data graphically. Upon what specific assumptions is this production possibilities curve based? b. If the economy is at point C, what is the cost of one more automobile? Of one more forklift? Which characteristic of the production possibilities curve reflects the law of increasing opportunity costs: its shape or its length? c. If the economy characterized by this production possibilities table and curve were producing 3 automobiles and 20 forklifts, what could you conclude about its use of its available resources? d. Is production at a point outside the production possibilities curve currently possible? Could a future advance in technology allow production beyond the current production possibilities curve? Could international trade allow a country to consume beyond its current production possibilities curve?1. Determining opportunity cost Juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. Three stores carry the same skirt, but it is more convenient for Juanita to get to some stores than others. For example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $103 for the skirt: Store Travel Time Each Way Price of a Skirt (Minutes) (Dollars per skirt) Local Department Store 15 103 Across Town 30 89 Neighboring City 60 63 Juanita makes $16 an hour at work. She has to take time off work to purchase her skirt, so each hour away from work costs her $16 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. Complete the following table by computing the…
