Homework Answers
To move from point C to D, i.e. to produce 10 more tons of steel (90-80), 20 tons of wheat (64-45) has to be given up. The opportunity cost of one ton of wheat is 1/2 ton of steel.
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Question 36 If the production of steel increases from point C to point D, what is...
Question 14 Refer to the PPF below to answer the questions. The opportunity cost of increasing...
Question 14 Refer to the PPF below to answer the questions. The opportunity cost of increasing steel from 75 to 80 tons is Not yet answered Marked out of 1.00 Flag question Tons of wheat 20 80 90 100 75 Tons of steel Select one: o a. 45 tons of wheat O b. 30 tons of wheat o c.50 tons of wheat O d. 35 tons of wheat
A nation can produce two products: steel and wheat. The table below is the nation's production...
A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule. Production Possibilities Product A B C D E Steel Wheat 90 75 The marginal opportunity cost of the third unit of steel is 100 30 0 20 units of wheat. 25 units of wheat. $3 units of w at - 55 units of wheat.
A nation can produce two products: steel and wheat. The table below is the nation’s production...
A nation can produce two products: steel and wheat. The table below is the nation’s production possibilities schedule: Production Possibilities Schedule Product A B C D E F Steel 0 1 2 3 4 5 Wheat 100 90 75 55 30 0 In moving from combination E to F, the opportunity cost of an additional unit of steel is rev: 05_10_2018 Multiple Choice 30 units of wheat. 5 units of steel. 0 unit of wheat. 1 unit of steel.
The graph below shows shows a perfectly competitive market for wheat and a typical farm in the market. The demand for wheat increases from D1 to D2. Assume that wheat production is a constant-cos...
The graph below shows shows a perfectly competitive market for wheat and a typical farm in the market. The demand for wheat increases from D1 to D2. Assume that wheat production is a constant-cost industry. A typical farm The market for wheat Cost ($) Price (S per bushel) MC 10 10 9 ATC 8 7.20 715 751 D2 5 5 40 80 120 160 200 240 Quantity (thousands of bushels) 20 40 60 80 100 120 Quantity (milions of bushels)...
Now consider that the government gives subsidy of $20 per ton for production (instead of export). What is the amount of quantity exported after production subsidy? Calculate the effect of the p...
Now consider that the government gives subsidy of $20 per ton
for production (instead of export).
What is the amount of quantity exported after production
subsidy?
Calculate the effect of the production subsidy on
consumers
Calculate the effect of the production subsidy on
producers
Calculate the effect of the production subsidy on the
government
Calculate the overall net effect of the production subsidy on
the Home Welfare.
Consider two countries, Home and Foreign. Home is a small exporter of wheat....
Question 10 2 pts Question 11 1 pts The figure below shows the production possibilities frontiers...
Question 10 2 pts Question 11 1 pts The figure below shows the production possibilities frontiers of countries X and Y. The points on each axis represent the maximum quantities that each country could produce if they specialized entirely in one good or the other. According to this graph, the opportunity cost of producing a ton of wheat is... The figure below shows the production-possibilities frontiers of countries X and Y. The points on each axis represent the maximum quantities...
place answer c,d,e,f The maximum amount of steel and aluminum that Canada and France can produce...
place answer c,d,e,f
The maximum amount of steel and aluminum that Canada and France can produce if they use factors of production at their disposal with the best technology available is shown the following table. Steel and Aluminum Production 6. all the Steel (tons) Aluminum (tons) Canada 500 France 1,200 800 Assume that production occurs under constant opportunity costs assumption of the Ricardian model of trade Use the data to construct a carefully labeled diagram of each country's production possibility...
Question 9 (1 point) Suppose that Spain and France both produce ships and grapes, which are...
Question 9 (1 point) Suppose that Spain and France both produce ships and grapes, which are sold for the same price in both countries. The table below shows the combinations of the two goods that each country can produce in one year using the same amounts of capital and labor. What is the opportunity cost of producing one ton of grapes (in terms of ships) for France? Provide your answer as a number rounded to two decimal places. Do not...
Question 9 (1 point) Suppose that Spain and France both produce ships and grapes, which are...
Question 9 (1 point) Suppose that Spain and France both produce ships and grapes, which are sold for the same price in both countries. The table below shows the combinations of the two goods that each country can produce in one year using the same amounts of capital and labor. What is the opportunity cost of producing one ton of grapes (in terms of ships) for France? Provide your answer as a number rounded to two decimal places. Do not...
Question 14 Refer to the PPF below to answer the questions. The opportunity cost of increasing steel from 75 to 80 tons is Not yet answered Marked out of 1.00 Flag question Tons of wheat 20 80 90 100 75 Tons of steel Select one: o a. 45 tons of wheat O b. 30 tons of wheat o c.50 tons of wheat O d. 35 tons of wheat
A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule. Production Possibilities Product A B C D E Steel Wheat 90 75 The marginal opportunity cost of the third unit of steel is 100 30 0 20 units of wheat. 25 units of wheat. $3 units of w at - 55 units of wheat.
The graph below shows shows a perfectly competitive market for wheat and a typical farm in the market. The demand for wheat increases from D1 to D2. Assume that wheat production is a constant-cost industry. A typical farm The market for wheat Cost ($) Price (S per bushel) MC 10 10 9 ATC 8 7.20 715 751 D2 5 5 40 80 120 160 200 240 Quantity (thousands of bushels) 20 40 60 80 100 120 Quantity (milions of bushels)...
Now consider that the government gives subsidy of $20 per ton
for production (instead of export).
What is the amount of quantity exported after production
subsidy?
Calculate the effect of the production subsidy on
consumers
Calculate the effect of the production subsidy on
producers
Calculate the effect of the production subsidy on the
government
Calculate the overall net effect of the production subsidy on
the Home Welfare.
Consider two countries, Home and Foreign. Home is a small exporter of wheat....
Question 10 2 pts Question 11 1 pts The figure below shows the production possibilities frontiers of countries X and Y. The points on each axis represent the maximum quantities that each country could produce if they specialized entirely in one good or the other. According to this graph, the opportunity cost of producing a ton of wheat is... The figure below shows the production-possibilities frontiers of countries X and Y. The points on each axis represent the maximum quantities...
place answer c,d,e,f
The maximum amount of steel and aluminum that Canada and France can produce if they use factors of production at their disposal with the best technology available is shown the following table. Steel and Aluminum Production 6. all the Steel (tons) Aluminum (tons) Canada 500 France 1,200 800 Assume that production occurs under constant opportunity costs assumption of the Ricardian model of trade Use the data to construct a carefully labeled diagram of each country's production possibility...
Question 9 (1 point) Suppose that Spain and France both produce ships and grapes, which are sold for the same price in both countries. The table below shows the combinations of the two goods that each country can produce in one year using the same amounts of capital and labor. What is the opportunity cost of producing one ton of grapes (in terms of ships) for France? Provide your answer as a number rounded to two decimal places. Do not...
Question 9 (1 point) Suppose that Spain and France both produce ships and grapes, which are sold for the same price in both countries. The table below shows the combinations of the two goods that each country can produce in one year using the same amounts of capital and labor. What is the opportunity cost of producing one ton of grapes (in terms of ships) for France? Provide your answer as a number rounded to two decimal places. Do not...
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