What is the opportunity cost of increasing the production of cell phones from 20 to 50? washing machines At which point is the opportunity cost of 1 additional cell phone the highest? OA OB OC OD QE

Q: 2. Which point is inefficient? * A, B,D,& F A&B E A&D с E Good X

A: Here, the given graph shows the production possibility curve with good X in x-axis. An inefficient…

Q: Opose that the price of a movie ticket changes 20 % and quantity demanded changes 49 %, th the given…

A: Introduction Demand elasticity significantly alters the idea of demand. Demand can be divided into…

Q: Which of the following is true about labor productivity? O it is the amount of total factor…

A: Labor productivity = Total output or production / labor

Q: How much must I invest today (September 21, 2022) to have P170,000 on January 4, 2024 at 2%…

A: Months between : 21 Sept 2022   To    4 Jan 2024  => 15 months 14 days  = 15.5 months approx…

Q: In the following table, indicate which areas on the previous graph correspond to each concept. Check…

A: Here we can see that the economy was an equilibrium at the point where the demand and supply curves…

Q: International economic cooperation: reasons for mergers and acquisitions.

A: mergers and acquisitions (M&As) have numerous potential benefits, which for the most part center…

Q: Which of the following is NOT a positive statement? Tariffs on Canadian goods result in higher…

A: Positive economics includes the study of 'what is'; and on the other hand the normative economics…

Q: After iterated deletion of dominated strategies in the following game, which strate Player 1 NES W S…

A: Dominated strategies are less attractive and does not maximize the outcomes. Thus, player does not…

Q: 1. Analyze the given assumptions very well and perform what is asked in each problem. Basic algebra…

A: Qx = 30 - 2Px + 8M + 1.5Pr Qx = the quantity demanded good xPx = the price of good X M = the average…

Q: Businesses may follow a strategy of product differentiation under monopolistic competition.

A: Product differentiation is a marketing strategy used to distinguish any product produced by a…

Q: 16. In the short run, the profit maximization for a firm in a perfectly competitive market would be:…

A: A perfectly competitive market is a market structure consisting of a large number of firms and large…

Q: Job-specific human capital In this problem, based on a simplified version of the model in…

A: There are two types of employees - Sickly & Robust  Probability of Sickly getting ill = ps…

Q: According to the law of demand, a. quantity supplied and quantity demanded are positively related.…

A: The law of demand holds that, all other things being equal (cetris peribus), the relationship…

Q: Given the following demand and supply equations: Demand Qd= 100 - 2P Supply QS = 10 + P…

A: Given information: Qd = 100 - 2P -----------> Demand equation Qs = 10 + P --------------->…

Q: Imagine a new company enters a market selling tutoring. The firm does some experimentation in the…

A: Given,  A company enters a market selling tutoringThe data is given as :At $75 per student  :2,250…

Q: Consider the following four equations: p=0.01q-5, p=0.005q+0.5 , p=-0.01q -10 , p p= -0.01q+5 . One…

A: Given,  The equations are as follows :p=.01q-5p=.005q+.5p=-.01q-10p=-.01q+5 Demand curve is defined…

Q: 3. Carp, Inc. wants to evaluate two methods of packaging their products. Use an interest rate of 15%…

A: Particular A B First Cost 700000 1700000 O&M Cost 18000 29000 + Cost Gradient 900 750…

Q: question #104 Fred currently has $800 to spend on Goods X and Y. The price of good X is $20/unit,…

A: U(x,y) = x2y3M(income) = 800Px = 20 Py = 12

Q: Your total benefits from spending time with your spouse are shown in the following table. Hours per…

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Q: Consider an economy in which the consumption, investment and production functions are as follows. C…

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Q: Suppose the supply curve for cucumbers is perfectly inelastic. The government applies a specific tax…

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Q: Expenditures 4000 3000 2000 1000 1000 2000 3000 Disposable Income 4000 U U

A: Given graph

Q: Select which field of Economics the following scenarios are most likely to fall into 1. The price of…

A: Economics refers to the study of social science that deals with the production, distribution and…

Q: In a standard economic model, we generally assume the individual only cares about their own payoff.…

A: A variation of the ultimatum game called the dictator game has one player (the proposer) make a…

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Q: Table 1 Disposable Income $50,000 Consumption $40,000 Disposable Income $20,000 Table 2 Use the…

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Q: The most common measure of annual production for an economy is: Select an answer and submit. For…

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Q: Barrels 35 30 25 20 15 10 5 0 2 O wi B 4 6 8 10 12 14 16 Bathtubs Refer to Figure 2-8. What would…

A: Production Possibility Curve (PPC) shows the various combination of two goods that could be produced…

Q: 16. In the short run, the profit maximization for a firm in a perfectly competitive market would be:…

A: The market structure known as "perfect competition" refers to the one of a kind since it enables…

Q: II. Determine the effect on equilibrium price and quantity sold if the following changes occur in a…

A: demand refers to the quantity of goods that a consumer wants to buy at a given price in a given…

Q: Give me three examples of a normal good, luxury good and inferior good and tell me why ?

A: Three examples of normal goods are- Clothing, household appliances and food Staples. Normal goods…

Q: The Classical Dichotomy is the idea that Select one: a.nominal and real interest rates are…

A: The notion that the nominal economy is ultimately entirely distinct from the real economy is known…

Q: Question A.5 Suppose that Consider the Complete Model of the Household studied in class. B(1+r) = 1,…

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Q: Suppose that the price of capital decreases. Explain how the firm adjusts its use of capital and…

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Q: You have decided that you want to attend a renaissance fair as King Henry VIII. You estimate that it…

A: Marginal cost is the change in production cost when one additional unit is produced. Mathematically,…

Q: Capital Goods M P K Consumer Goods 4. Assuming the inner curve is our current production…

A: A production possibility curve represents the potential level of the combination of two goods that…

Q: In Session 2 you explored a simple Closed Leontief Exchange Model with five in- terdependent…

A: An input-output model is given by  Leontief. This model refers that an economy is in equilibrium…

Q: Irving has 10 hours available for knitting scarves and hats. It takes him 20 minutes to knit a scarf…

A: Opportunity costs is the benefits foregone in picking one among a few alternatives. The opportunity…

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Q: Let's normalize Canadian GDP in 2005 to 100. Out of that, consumption was 70, investment was 20,…

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Q: What is present worth

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Q: A house and lot can be acquired at a down payment of Php500,000.00 and a yearly payment of…

A: # Purchased a house # down payment = 500,000 # Installments = 100,000 at the end of each year for 10…

Q: How much do you have to deposit now a with second deposit in the amount of $700 at the end of the…

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Q: Which of these economic variables is procyclical? O investment spending O unemployment O the credit…

A: Procyclical Variables: In economics, the variable that moves with the GDP or moves in the same…

Q: Toasters 35 30 25 20 15 10 5 0 10 20 30 40 50 60 70 Toothbrushes Refer to Figure 2-4. Suppose the…

A: We have given the production possibility curve for toothbrushes and toasters. The points on this…

Q: A government starts off with a total debt of $2.0 billion. In year one, the government runs a…

A: A nation's gross government debt (likewise called public debt, or sovereign debt[1]) is the monetary…

Q: 16. In the short run, the profit maximization for a firm in a perfectly competitive market would be:…

A: A perfect competition market is one in which there are many buyers and sellers, all of whom are…