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4. Suppose that the economy produces three goods-raisins (R), soybeans (S), and textiles (T). What would...
Question 3: 1-Suppose that the economy produces two goods tomatoes (T) and cereals (C) What would...
Question 3: 1-Suppose that the economy produces two goods tomatoes (T) and cereals (C) What would its PPF look like under conditions of constant opportunity costs? What would it look like with increasing opportunity costs? 2-Using the following data: 20 20 40 60 $1 $2 $8 $8 15 15 12 18 S 5 $10 d. Calculate the country's nominal GDP levels. For GDP-256S, Pr-4 and Pc-8, Draw the price line.
Suppose that country A produces two goods under conditions of constant opportunity costs. Given its resources,...
Suppose that country A produces two goods under conditions of constant opportunity costs. Given its resources, the maximum S that it can make is 1000 units, and the opportunity cost of making T is 2 units of S. What is the maximum amount of T that it can produce? Draw a production possibility frontier (PPF) for country A.
Suppose that in a given economy PSpt-4, where P stands for price, s stands for Soybeans...
Suppose that in a given economy PSpt-4, where P stands for price, s stands for Soybeans and t for Textiles, as in Lecture 2. How many units of Soybeans is 1 unit of Textiles worth in this econom V/ 0.25 0.5 0.75 QUESTION 2
Ross Textiles wishes to measure its cost of common stock equity. The firm's stock is currently...
Ross Textiles wishes to measure its cost of common stock equity. The firm's stock is currently selling for $43.24. The firm just recently paid a dividend of $4.15. The firm has been increasing dividends regularly. Five years ago, the dividend was just $2.97. After under pricing and flotation costs, the firm expects to net $39.78 per share on a new issue. a. Determine average annual dividend growth rate over the past 5 years. Using that growth rate, what dividend would...
Suppose Home has 300 units of labor. It can produce two goods, apples and bananas. In...
Suppose Home has 300 units of labor. It can produce two goods,
apples and bananas. In Home a worker can produce 3 apples or 5
bananas.
a. Graph Home's PPF, with apples in the horizontal axis
. b. What is the opportunity cost of apples?
c. In the absence of trade – when Home is isolated ‐ what would
the relative price be?
d. Now suppose there is another country, Foreign, with a labor
force of 200. In Foreign a...
1. Countries A and B both can produce two goods, X and Y. If country A produces only good X, it can produce 30 unit...
1. Countries A and B both can produce two goods, X and Y. If country A produces only good X, it can produce 30 units of X; if country A produces only good Y, it can produce 10 units of Y. If country B produces only good X, it can produce 40 units of X; if country B produces only good Y, it can produce 40 units of Y. Assume that both countries have homogenous resources so that the opportunity...
2. Suppose that Happy Land produces only two goods-food and suntan oil. Its production possibilities are:...
2. Suppose that Happy Land produces only two goods-food and suntan oil. Its production possibilities are: Food (pounds per month) Suntan oil (gallons per month) 300 200 50 100 150 Active Land also produces only food and suntan oil, and its production possibilities are: 100 Suntan oil (gallons per month) Food (pounds per month) 150 100 50 0 100 200 300 Draw the two PPFs a. What are the opportunity costs of food and suntan oil in Happy Land? b....
Suppose Elmira is a small country that produces two goods, grain and novels, with two factors...
Suppose Elmira is a small country that produces two goods, grain and novels, with two factors of production, unskilled labor (L) and skilled labor (L). Both factors are completely mobile between the two sectors of production in the long run. In the medium run, skilled labo is specific to its sector. That is, it takes time to retrain and acquire new skills in order to move between the two sectors in the economy The production of grain is relatively intensive...
I need help with E mainly. 2. Suppose that Happy Land produces only two goods-food and...
I need help with E mainly.
2. Suppose that Happy Land produces only two goods-food and suntan oil. Its production possibilities are: Food (pounds per month) Suntan oil (gallons per month) 300 200 50 100 150 Active Land also produces only food and suntan oil, and its production possibilities are: 100 Suntan oil (gallons per month) Food (pounds per month) 150 100 50 0 100 200 300 Draw the two PPFs a. What are the opportunity costs of food and...
Question 3: 1-Suppose that the economy produces two goods tomatoes (T) and cereals (C) What would its PPF look like under conditions of constant opportunity costs? What would it look like with increasing opportunity costs? 2-Using the following data: 20 20 40 60 $1 $2 $8 $8 15 15 12 18 S 5 $10 d. Calculate the country's nominal GDP levels. For GDP-256S, Pr-4 and Pc-8, Draw the price line.
Suppose that country A produces two goods under conditions of constant opportunity costs. Given its resources, the maximum S that it can make is 1000 units, and the opportunity cost of making T is 2 units of S. What is the maximum amount of T that it can produce? Draw a production possibility frontier (PPF) for country A.
Suppose that in a given economy PSpt-4, where P stands for price, s stands for Soybeans and t for Textiles, as in Lecture 2. How many units of Soybeans is 1 unit of Textiles worth in this econom V/ 0.25 0.5 0.75 QUESTION 2
Suppose Home has 300 units of labor. It can produce two goods,
apples and bananas. In Home a worker can produce 3 apples or 5
bananas.
a. Graph Home's PPF, with apples in the horizontal axis
. b. What is the opportunity cost of apples?
c. In the absence of trade – when Home is isolated ‐ what would
the relative price be?
d. Now suppose there is another country, Foreign, with a labor
force of 200. In Foreign a...
1. Countries A and B both can produce two goods, X and Y. If country A produces only good X, it can produce 30 units of X; if country A produces only good Y, it can produce 10 units of Y. If country B produces only good X, it can produce 40 units of X; if country B produces only good Y, it can produce 40 units of Y. Assume that both countries have homogenous resources so that the opportunity...
2. Suppose that Happy Land produces only two goods-food and suntan oil. Its production possibilities are: Food (pounds per month) Suntan oil (gallons per month) 300 200 50 100 150 Active Land also produces only food and suntan oil, and its production possibilities are: 100 Suntan oil (gallons per month) Food (pounds per month) 150 100 50 0 100 200 300 Draw the two PPFs a. What are the opportunity costs of food and suntan oil in Happy Land? b....
Suppose Elmira is a small country that produces two goods, grain and novels, with two factors of production, unskilled labor (L) and skilled labor (L). Both factors are completely mobile between the two sectors of production in the long run. In the medium run, skilled labo is specific to its sector. That is, it takes time to retrain and acquire new skills in order to move between the two sectors in the economy The production of grain is relatively intensive...
I need help with E mainly.
2. Suppose that Happy Land produces only two goods-food and suntan oil. Its production possibilities are: Food (pounds per month) Suntan oil (gallons per month) 300 200 50 100 150 Active Land also produces only food and suntan oil, and its production possibilities are: 100 Suntan oil (gallons per month) Food (pounds per month) 150 100 50 0 100 200 300 Draw the two PPFs a. What are the opportunity costs of food and...
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