Please help me with my Economics Homework?
Whenever resources increase that favor the production of a particular good , then PPF rotates in direction of that good, thus a biased rotation
Please help me with my Economics Homework? 6. A nation with fixed quantities of resources is...
Please help me with my econ homework? 4. The countries of Orion and Scorpius are small mountainous nations. Both produce granite and blueberries. Each nation has a labor force of 800. The table below gives production per month for each worker in each country. Assume productivity is constant and identical for each worker in each country. Orion and Scorpius Tons of Granite 6 Bushels of Blueberies Orion workers Scorpius workers 2. 2.4 2. has a comparative advantage in the production...
Suppose the economy whose PPF is shown on the right experiences economic growth. 1.) Use the 3-point curved line drawing tool to show how growth affects the trade-offs the country faces between producing ships and food. 2.) Use the point drawing tool to draw and label a point on the new PPF that shows the economy producing more of both goods. Label this point 'B' Carefully follow the instructions above and only draw the required objects. Which of the following...
Consider the production possibilities frontier (PPF) that shows the trade-off between the production of cotton and the production of soybeans depicted in the figure to the right. Use the three-point curved line drawing tool to show the effect that improved fertilizersimproved fertilizers would have on the initial production possibilities frontier by drawing a new production possibilities frontier. Properly label this curve. . Carefully follow the instructions above, and only draw the required objects. PPF1 Quantity of soybeans
Is the following correct along with An increase in the capital stock. and Advances in Technology (B and E) ?? 1 An object is selected. Delete it, or move it with arrows or by dragging.(6.61,6.25) Po Production Possibilities Delete Clear Editing: Point tool 0 Food SaveCancel Suppose the economy whose PPF is shown on the right experiences economic growth. 1.) Use the 3-point curved line drawing tool to show how growth affects the trade-offs the country faces between producing ships...
Please help me with my economics homework? 20. Market for Telephone Calls Anna is separated from her boyfriend, John, while she studies economics and he goes to art school. The government thinks that Flash Telecommunications, Anna's phone company, needs subsidization, so a price floor4 is instituted at $16 per minute Price per minute (S) Quantity Supplied per Month 28 12 Price per Minute Quantity Demanded per Month 14 $18 12 28 Use the data in the table above to draw...
Please help me with my econ homework? 19. Related to the Economics in Practice Market for Brown Rice The growing popularty of quinoa has had an impact on the market for brown rice. With its higher fiber, protein, and iron content, quinoa is replacing brown rice asa staple food for many health-conscious individuals. Draw a supply and demand graph that shows how this increase in demand for quinoa has affected the market for brown rice 1.) Using the line drawing...
what numbers should i label the curve in please? please be specific with the numbers. i will rate you thanks. In the diagram to the right a production possibilities curve (PPC) is shown for a nation facing increasing opportunity costs for producing food and video games. Using the 3-point curved line drawing tool, show how the PPCS changes when a new programming language is invented that is less costly to code and is more memory efficient, enabling the use of...
Suppose that under a new law all businesses must pay a tax equal to 6% of their sales revenue. Assume that this tax is not passed on to consumers. Instead, consumers pay the same prices after the tax is imposed as they did before. 1.) Use the line drawing tool to show the effect of this change on the labor market. Properly label your new line. NS 2.) Use the point drawing tool to identify the new equilibrium real wage...
Using PPF_CD_SHOES.pdf please upload the proper graph and do the following two questions (feel free to draw your graph, snap a pic with your cell, and attach the file--or use a paint program, such as Google Draw, to make a digital copy): 1. Draw the appropriate PPF for the data in the PDF. 2. Suppose that the technology used in producing shoes improves, while that for producing CD-Players does not. Draw one possible new production possibilities frontier on your graph...
Please help me with my Econ homework? 13. The demand schedule given below illustrates the guantity demanded 0 by two individual consumers in the market for hot dogs. Both Larry and Harry are consumers of hot dogs and make up the entire market Hot Dogs 2.00 Price Quantity Quantity Total Market per Demanded Demanded Demand Hot Dog by Larry 10 25 by Harry 15 30 $1.80 0.20 1.) Using the line drawing tool, draw a demand curve'" for each individual....