ZuoTi.Pro
Question

This year three manufacturers of mattresses have closed shop and there is only one mattress manufacture left. With few additional competitors what will likely happen to the supply of mattresses? O The quantity demanded will decrease for mattresses The quantity supplied will increase and cause a decrease in price of mattresses O The quantity supplied will decrease and cause an increase in price of mattresses

Production Possibility Frontier-Country X 9 A 15,7 10,6 15, 4 10,4 18, 2 20,0 20 10 15 25 MP3 Players Daily production Consider the Production Possibility Frontier for country X producing 2 groups of goods, MP3 players and watches. The opportunity cost of moving from the combination of MP3 players and watches B to C is 2 watches. 4 watches. O 5 MP3 players

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

1. The quantity demanded will decrease for mattresses.
(Supply will decrease which will cause supply curve to shift to the left. So, quantity demanded of mattresses will decrease.)

2. 2 watches
(Opportunity cost from B to C = Number of watches given up = 6 - 4 = 2 watches)

0 0
Add a comment
Know the answer?
Add Answer to:
This year three manufacturers of mattresses have closed shop and there is only one mattress manufacture...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Production Possibility Frontier-Country X 9 A 15,7 10,6 15, 4 10,4 18, 2 20,0 20 10...

    Production Possibility Frontier-Country X 9 A 15,7 10,6 15, 4 10,4 18, 2 20,0 20 10 15 25 MP3 Players Daily production Consider the Production Possibility Frontier for country X producing 2 groups of goods, MP3 players and watches. The opportunity cost of moving from the combination of MP3 players and watches B to C is 2 watches. 4 watches. O 5 MP3 players

  • Production Possibility Frontier - Country X A B 15,1 10,6 09 Watches daily production с 4...

    Production Possibility Frontier - Country X A B 15,1 10,6 09 Watches daily production с 4 F 15,4 10,4 Nw D 18, 2 1 E 0 20,0 20 25 10 15 MP3 Players Daily production Consider the graph of the production possibility frontier for country X. What is a combination of MP3 players and watches that would be inefficient production for country X? ОА О Е OF Question 8 1 pts Market for Used Cars 9000 8000 7000 6000 5000...

  • Production Possibility Frontier-Country X 9 A 15,7 6 10,6 15,4 18, 2 20, 0 20 5...

    Production Possibility Frontier-Country X 9 A 15,7 6 10,6 15,4 18, 2 20, 0 20 5 10 15 25 MP3 Players Daily production Consider the graph of the production possibility frontier for country X. What would be a combination of watches and MP3 players that would meet the allocative efficiency of a country? O Any combination on the production possibilities frontier that brings the highest level of satisfaction to meet the needs of the people in the economy O Point...

  • Question 11 0.16 pts If the price and quantity for an inferior good, Good X, is...

    Question 11 0.16 pts If the price and quantity for an inferior good, Good X, is $8 and 6 units at the original equilibrium, what is one possibility for the new equilibrium of Good X if we see income increase and all other factors stay constant? O $6 and 8 units O $10 and 8 units $6 and 4 units O $10 and 2 units O $10 and 4 units Question 12 0.16 pts According to the law of demand,...

  • Borrow a pen if you r do the not graph have and one. to answer questions...

    Borrow a pen if you r do the not graph have and one. to answer questions Question 1: (15 points) b Dupply: S bel c) Equilibrium price: Pi d) Equiibrium quantity: Q Use the data in the table below to construct a properly labeled graph for Product A showing: (make the graph large enough to add new lines) a) Supply: Si b) Demand: Di (5 points for this part of the graph) PriceQuantity Demanded Quantity Supplied $ 1 $ 2...

  • THERE ARE 20 total QUESTIONS PLEASE ANSWER ALL OF THEM QUESTION 1 One way to reduce the recessio...

    THERE ARE 20 total QUESTIONS PLEASE ANSWER ALL OF THEM QUESTION 1 One way to reduce the recessionary gap through fiscal policy is to O increase government purchases. increase taxes. O decrease transfer payments. decrease the MPC QUESTION 2 Which of the following is true of open-market operations? It involves the purchase and sale of government securities by the central bank. O it involves the purchase and sale of stocks and bonds by private banks. It involves measures taken by...

  • In the market for televisions, the price of a television falls and nothing else changes. Price...

    In the market for televisions, the price of a television falls and nothing else changes. Price (dollars per television) Show the effect of this change o os Choose between the following Use the single arrow tool to draw an arrow on the demand curve showing the direction of movement along the line OR Use the line tool to draw a new demand curve Only one of the effects is correct, and you must determine which is the appropriate one to...

  • A country's consumption possibilities frontier can be outside its production possibilities frontier if a

    1. A country's consumption possibilities frontier can be outside its production possibilities frontier if a. the country engages in trade. b. the citizens of the country have a greater desire to consume goods and services than do the citizens of other countries. c. the country’s technology is superior to the technologies of other countries.d. All of the above are correct. 2. A production possibilities frontier will be a straight line if a. increasing the production of one good by x...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT