Macroeconomics
13th Edition
ISBN: 9781337617444
Author: Roger A. Arnold
Publisher: Cengage
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Question
Chapter 2, Problem 12WNG
To determine
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Students have asked these similar questions
The end use of the goods categorizes the good as intermediate good and final good.
True/False
16. Use the table to answer the following question.
If the economy is producing at alternative D, the opportunity cost of 40 more units of
consumer goods is
A
B
D
E
F
Сapital
Goods
100
95
85
70
50
Consumer
Goods
100
180
240
280
300
What is a ‘final good’?
Select one:
a. A good not used as an input in the production process
b. A natural resource used to produce a good
c. A good purchased as an input in the production process
d. A good used in the production of another good
Chapter 2 Solutions
Macroeconomics
Ch. 2.1 - Prob. 1STCh. 2.1 - Prob. 2STCh. 2.1 - Prob. 3STCh. 2.1 - Prob. 4STCh. 2 - Prob. 1QPCh. 2 - Prob. 2QPCh. 2 - Prob. 3QPCh. 2 - Prob. 4QPCh. 2 - Prob. 5QPCh. 2 - Prob. 6QP
Ch. 2 - Prob. 7QPCh. 2 - Prob. 8QPCh. 2 - Prob. 9QPCh. 2 - Prob. 10QPCh. 2 - Prob. 11QPCh. 2 - Prob. 12QPCh. 2 - Prob. 13QPCh. 2 - Prob. 1WNGCh. 2 - Prob. 2WNGCh. 2 - Prob. 3WNGCh. 2 - Prob. 4WNGCh. 2 - Prob. 5WNGCh. 2 - Prob. 6WNGCh. 2 - Prob. 7WNGCh. 2 - Prob. 8WNGCh. 2 - Prob. 9WNGCh. 2 - Prob. 10WNGCh. 2 - Prob. 11WNGCh. 2 - Prob. 12WNG
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- Can you help with 1c and 1d?arrow_forwardappy nomics entor Okay, so if I want one more bottle of water, what does this cost me in terms of fish? The opportunity cost of one more bottle of water is 1/2 fish. Happy Economics Mentor That is correct! If I think about the different combinations of fish and water I can produce in a day as a Rhonda Submit Rhonda production possibilities frontier (PPF), which of these PPFS has the correct shape? Choose an image response on the right Rhonda Fish Straight Line PPF Fish Concave PPFarrow_forwardPlease answer fast please arjent and solved answerarrow_forward
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- A production possibilities curve shows the variouscombinations of two outputs thata. consumers would like to consume.b. producers would like to produce.c. an economy can produce.d. an economy should produce.arrow_forwardEmily buys an air conditioner that costs $700. Because the air in her home is cleaner, its use saves her $250 in curtain cleaning costs over the lifetime of the air conditioner. In money terms, what is the opportunity cost of the air conditioner?arrow_forwardhow does discovery of a new source of oil affects the production possibilities curve?arrow_forward
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