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7. The people of Foodland have 40 hours of labor a day to bake pizza and...
Leisure Island has 50 hours of labor a day that it can use to produce entertainment...
Leisure Island has 50 hours of labor a day that it can use to produce entertainment and good food. The table shows the maximum quantity of each good that Leisure Island can produce with different quantities of labor 3. If Leisure Island produces 8 shows and 5 meals a week, do the people of Leisure Island face a tradeoff? o A. Yes, it faces a tradeoff. O B. No, it doesn't face a tradeoff 4. Suppose that Leisure Island produces...
4. The global cconomy has three cell phone users for every fixed line user. Two in...
4. The global cconomy has three cell phone users for every fixed line user. Two in e cell phone users lives in a developing nation and the growth rate is fastest in Africa In 2000, 1 African in 50 had a cell phone; in 2009, it was 14 in 50. Describe the changes in what, how, and for whom t n services the global economy produces. 5. Which of the entries in the list below are consumption goods and services...
Entertainment Good food units) 60 100 120 130 160 The people of Leisure Island have 50...
Entertainment Good food units) 60 100 120 130 160 The people of Leisure Island have 50 hours of labor a day that can be used to produce entertainment and good food The table shows the maximum quantity of either entertainment or good food that Leisure Island can produce with different quantities of labor. An output of 100 units of entertainment and 100 units of good food is O A. unattainable and inefficient OB. unattainable and efficient C. sometimes attainable and...
I need help with these 4 questions 4. The global economy has three cell phone users...
I need help with these 4 questions
4. The global economy has three cell phone users for every fixed line user. Two in every three cell phone users lives in a developing nation and the growth rate is fastest in Africa In African in 50 had a cell phone; in 2009, it was 14 in 50. Describe the changes in what, how, and for whom telecommunication services the global economy produces. 5. Which of the entries in the list below...
Question 1.Susan can brew 5 gallons of root beer in an hour or she can make...
Question 1.Susan can brew 5 gallons of root beer in an hour or she can make 4 pizzas in an hour. Becky can brew 7 gallons of root beer in an hour or she can make 5 pizzas in an hour. Susan's opportunity cost of making a pizza is gallons of root beer. Becky's opportunity cost of making a pizza is gallons of root beer. Enter numbers rounded to two decimal places. Question 2 Bill and Fred bake cakes and...
8. Consider the following PPF of Kenzi. Kenzi Pizza 30 20 Stromboli Suppose Kenzi chooses to...
8. Consider the following PPF of Kenzi. Kenzi Pizza 30 20 Stromboli Suppose Kenzi chooses to produce 18 pizzas, how many strombolis can she produce if Kenzi uses her resources efficiently? 9. Refer to the following table, is there a surplus or shortage if the market price = $6? How much is it? Quantity Quantity Price Demanded Supplied $10.00 10 100 $8.00 20 80 $6.00 30 60 S4.00 40 40 $2.00 50 20 S0.00 60 0 10. The price of...
Please go through all, but if not able, please thoroughly go through d,e, & f. It...
Please go through all, but if not able, please thoroughly go
through d,e, & f. It would be very helpful.
4. Suppose that society could produce the following combinations of pizzas and books: Alternative Quantity of pizzas Quantity of books 50 40 30 20 10 10 18 24 28 30 a. Using graph paper (or a computer program), draw the production-possibilities frontier (PPF) for pizza and books, being as exact and neat as possible. (Put books on the horizontal axis....
Bill can produce either tables or chairs. Bill can work up to 10 hours a day....
Bill can produce either tables or
chairs. Bill can work up to 10 hours a day. His production
possibilities are given in the table below:
1. Construct the production possibilities frontier (PPF) for
Bill. Put tables on the Horizontal axis and chairs on the vertical
axis.
2. What is Bill’s opportunity cost of producing one additional
table?
3. What is Bill’s opportunity cost of producing one additional
chair?
4. Currently Bill is producing 20 tables and 40 chairs.
a. Is...
2. Inputs and outputs Raphael's Performance Pizza is a small restaurant in San Diego that sells...
2. Inputs and outputs Raphael's Performance Pizza is a small restaurant in San Diego that sells gluten-free pizzas. Raphael's very tiny kitchen has barely enough room for the two ovens in which his workers bake the pizzas. Raphael signed a lease obligating him to pay the rent for the two ovens for the next year. Because of this, and because Raphael's kitchen cannot fit more than two ovens, Raphael cannot change the number of ovens he uses in his production...
Question 15 A country can produce either 25 pounds of fish or 7 bushels of corn....
Question 15 A country can produce either 25 pounds of fish or 7 bushels of corn. What is the opportunity cost of producing one bushel of corn? Enter a number rounded to two decimal places. Question 16 England and Scotland both produce scones and sweaters. Suppose that an English worker can produce 30 scones per hour or 2 sweater per hour. Suppose that a Scottish worker can produce 40 scones per hour or 4 sweaters per hour. Who will produce...
Leisure Island has 50 hours of labor a day that it can use to produce entertainment and good food. The table shows the maximum quantity of each good that Leisure Island can produce with different quantities of labor 3. If Leisure Island produces 8 shows and 5 meals a week, do the people of Leisure Island face a tradeoff? o A. Yes, it faces a tradeoff. O B. No, it doesn't face a tradeoff 4. Suppose that Leisure Island produces...
4. The global cconomy has three cell phone users for every fixed line user. Two in e cell phone users lives in a developing nation and the growth rate is fastest in Africa In 2000, 1 African in 50 had a cell phone; in 2009, it was 14 in 50. Describe the changes in what, how, and for whom t n services the global economy produces. 5. Which of the entries in the list below are consumption goods and services...
Entertainment Good food units) 60 100 120 130 160 The people of Leisure Island have 50 hours of labor a day that can be used to produce entertainment and good food The table shows the maximum quantity of either entertainment or good food that Leisure Island can produce with different quantities of labor. An output of 100 units of entertainment and 100 units of good food is O A. unattainable and inefficient OB. unattainable and efficient C. sometimes attainable and...
I need help with these 4 questions
4. The global economy has three cell phone users for every fixed line user. Two in every three cell phone users lives in a developing nation and the growth rate is fastest in Africa In African in 50 had a cell phone; in 2009, it was 14 in 50. Describe the changes in what, how, and for whom telecommunication services the global economy produces. 5. Which of the entries in the list below...
8. Consider the following PPF of Kenzi. Kenzi Pizza 30 20 Stromboli Suppose Kenzi chooses to produce 18 pizzas, how many strombolis can she produce if Kenzi uses her resources efficiently? 9. Refer to the following table, is there a surplus or shortage if the market price = $6? How much is it? Quantity Quantity Price Demanded Supplied $10.00 10 100 $8.00 20 80 $6.00 30 60 S4.00 40 40 $2.00 50 20 S0.00 60 0 10. The price of...
Please go through all, but if not able, please thoroughly go
through d,e, & f. It would be very helpful.
4. Suppose that society could produce the following combinations of pizzas and books: Alternative Quantity of pizzas Quantity of books 50 40 30 20 10 10 18 24 28 30 a. Using graph paper (or a computer program), draw the production-possibilities frontier (PPF) for pizza and books, being as exact and neat as possible. (Put books on the horizontal axis....
Bill can produce either tables or
chairs. Bill can work up to 10 hours a day. His production
possibilities are given in the table below:
1. Construct the production possibilities frontier (PPF) for
Bill. Put tables on the Horizontal axis and chairs on the vertical
axis.
2. What is Bill’s opportunity cost of producing one additional
table?
3. What is Bill’s opportunity cost of producing one additional
chair?
4. Currently Bill is producing 20 tables and 40 chairs.
a. Is...
2. Inputs and outputs Raphael's Performance Pizza is a small restaurant in San Diego that sells gluten-free pizzas. Raphael's very tiny kitchen has barely enough room for the two ovens in which his workers bake the pizzas. Raphael signed a lease obligating him to pay the rent for the two ovens for the next year. Because of this, and because Raphael's kitchen cannot fit more than two ovens, Raphael cannot change the number of ovens he uses in his production...
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