Homework Answers
As per the given figure, Cost of 2000 tons of steel = 1000 tons of aluminium.
Therefore, cost of 1 ton of steel = 1000/2000 =0.5 tons of aluminium.
Thus, the relative cost of steel in terms of aluminium is 0.5 tons.
(c) 0.5 tons is correct option.
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Figure 2.1. Production Possibilities Schedule Tons of Aluminum 1000 1000 Tons of Steel Figure 2.1 shows...
The following table shows the maximum amount of steel or aluminum that Canada and France can...
The following table shows the maximum amount of steel or aluminum that Canada and France can produce if all factors of production are fully employed. Assume that production occurs under constant-cost conditions. In the absence of trade, Canada produces and consumes 600 tons of aluminum and 300 tons of steel, and France produces and consumes 400 tons of aluminum and 600 tons of steel. Canada France Steel (tons) 500 1,200 Aluminum (tons) 1,500 800 On the following graph, draw the...
Refer to the table and figure below: Production Possibilities Schedule Α Ι Output of Output of...
Refer to the table and figure below: Production Possibilities Schedule Α Ι Output of Output of Trucks per Day Tanks per Day 5 4. 2.0 3 3.0 3.8 4.5 5.0 2 1 Production Possibilities Curve 5. A Output of Trucks(per day) 1 2 3 4 5 6 Output of Tanks(per day) What is the opportunity cost of the fourth truck produced? Instructions: Enter your response rounded to one decimal place. O tank(s)
LLLSLUI The hypothetical figures in Table 2.9 give five alternate combinations of steel and autos that...
LLLSLUI The hypothetical figures in Table 2.9 give five alternate combinations of steel and autos that lapan and South Korea can produce if they fully use all factors of production at their disposal with the best technology available to them. TABLE 2.9 Stool and Auto Production JAPAN SOUTH KOREA Steel (tons) Autos Steel (tons) Autos 520 1200 0 500 350 1100 600 1300 1430 810 600 900 o mgage learning 200 800 a) Sketch the production possibilities schedules of Japan...
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...
France- Paper (1) Pens (5) Labor (100) Mexico- Paper (0.25) Pens (0.5). Labor (1000) 1. Identify...
France- Paper (1) Pens (5) Labor (100) Mexico- Paper (0.25) Pens (0.5). Labor (1000) 1. Identify the pattern of comparative advantage (CA). Provide a table of opportunity costs and show how you determined the pattern of comparative advantage. 2. Graph the PPF for each nation with paper on the horizontal axis and pens on the vertical axis. Calculate and state the X intercept, Y intercept, and the slope of each PPF. What range of P (paper) / P (pens) will...
The figure shows the marginal cost (circles) and the average variable cost (crosses) of a firm...
The figure shows the marginal cost (circles) and the average variable cost (crosses) of a firm in a competitive market. The firm always makes the choice to maximize its profit. Price, Cost ($) 5,000 ------ --O If the market price of the product is $3,400, what is the firm's producer surplus? 3,400 3,200 +----- --- ------------ O A. $880 O B. $5,700 OC. $1,700 OD. $3,250 2,000 1.700 1,000 -------- ====== ---------- ==== 1 2 6 7 Quantity 3 4...
A government might choose to implement a price floor to O A. keep specific prices up....
A government might choose to implement a price floor to O A. keep specific prices up. O B. satisfy notions of equity. O c. give into powerful political groups. OD. All of the above have served as motivations. Demand and Supply Schedules for Chocolate Bars Price Quantity Demanded Quantity Supplied ($) (thousands per week) (thousands per week) 2.00 1500 2100 1.80 1600 2050 1.60 1700 2000 1.40 1800 1950 1.20 1900 1900 1.00 2000 1850 0.80 2100 1800 0.60 2200...
I need help to write a nice introduction for experiment 6 please ( no hands write ) typing Thank you HEAT TREATMENT OF STEELS EXPERIMENT 6 EXPERIMENT 6 HEAT TREATMENT OF STEELS THEORY The Ef...
I need help to write a nice introduction for experiment 6
please ( no hands write ) typing
Thank you
HEAT TREATMENT OF STEELS EXPERIMENT 6 EXPERIMENT 6 HEAT TREATMENT OF STEELS THEORY The Effect of Cooling Rate One of the most convenient methods for controlling the properties of a given steel, i.e., a steel whose composition is already fixed, consists of austenizing the steel and ten cooling to room temperature at some predetermined rate. A variation of cooling rates...
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...
The following table shows the maximum amount of steel or aluminum that Canada and France can produce if all factors of production are fully employed. Assume that production occurs under constant-cost conditions. In the absence of trade, Canada produces and consumes 600 tons of aluminum and 300 tons of steel, and France produces and consumes 400 tons of aluminum and 600 tons of steel. Canada France Steel (tons) 500 1,200 Aluminum (tons) 1,500 800 On the following graph, draw the...
Refer to the table and figure below: Production Possibilities Schedule Α Ι Output of Output of Trucks per Day Tanks per Day 5 4. 2.0 3 3.0 3.8 4.5 5.0 2 1 Production Possibilities Curve 5. A Output of Trucks(per day) 1 2 3 4 5 6 Output of Tanks(per day) What is the opportunity cost of the fourth truck produced? Instructions: Enter your response rounded to one decimal place. O tank(s)
LLLSLUI The hypothetical figures in Table 2.9 give five alternate combinations of steel and autos that lapan and South Korea can produce if they fully use all factors of production at their disposal with the best technology available to them. TABLE 2.9 Stool and Auto Production JAPAN SOUTH KOREA Steel (tons) Autos Steel (tons) Autos 520 1200 0 500 350 1100 600 1300 1430 810 600 900 o mgage learning 200 800 a) Sketch the production possibilities schedules of Japan...
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...
The figure shows the marginal cost (circles) and the average variable cost (crosses) of a firm in a competitive market. The firm always makes the choice to maximize its profit. Price, Cost ($) 5,000 ------ --O If the market price of the product is $3,400, what is the firm's producer surplus? 3,400 3,200 +----- --- ------------ O A. $880 O B. $5,700 OC. $1,700 OD. $3,250 2,000 1.700 1,000 -------- ====== ---------- ==== 1 2 6 7 Quantity 3 4...
A government might choose to implement a price floor to O A. keep specific prices up. O B. satisfy notions of equity. O c. give into powerful political groups. OD. All of the above have served as motivations. Demand and Supply Schedules for Chocolate Bars Price Quantity Demanded Quantity Supplied ($) (thousands per week) (thousands per week) 2.00 1500 2100 1.80 1600 2050 1.60 1700 2000 1.40 1800 1950 1.20 1900 1900 1.00 2000 1850 0.80 2100 1800 0.60 2200...
I need help to write a nice introduction for experiment 6
please ( no hands write ) typing
Thank you
HEAT TREATMENT OF STEELS EXPERIMENT 6 EXPERIMENT 6 HEAT TREATMENT OF STEELS THEORY The Effect of Cooling Rate One of the most convenient methods for controlling the properties of a given steel, i.e., a steel whose composition is already fixed, consists of austenizing the steel and ten cooling to room temperature at some predetermined rate. A variation of cooling rates...
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...
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