Homework Answers
Answer 4
The correct answer is (a) 0 widgets
Point B is under PPF and at point B he is producing 70 gadgets and 30 widgets. As Point B is under PPF this means that there is under utilization of resources. According to definition of Production possibility Frontier(PPF), PPF shows combination of Goods that an economy produces When resources are used fully and efficiently.
As Point C is on PPF, this means that economy can produce combination of goods at point C i.e. 90 Gadgets and 30 widgets.
Thus means in order to produce 20 additional widgets by moving from Point B to Point C (i.e. 70 gadgets to 90 gadgets) It does not have to sacrifice any widgets because he can still By moving from Point B to Point C, he is producing same quantity of widgets i.e. 30 widgets. Hence in moving from B to C he is not sacrificing any widgets.
Hence, the correct answer is (a) 0 widgets
Figure 2-3 100 90 С 80 70 А DRYERS 60 50 D B 40 30 20...
Figure 2-3 100 90 С 80 70 А DRYERS 60 50 D B 40 30 20 10 10 20 30 40 50 60 70 80 90 100 WASHERS Refer to Figure 2-3. This economy cannot currently produce 70 washers and 70 dryers because ООО a. consumers don't want that many washers and dryers. b. it is not using all of its resources c. it is not using the most efficient production process. d. it does not have the resources and...
QUESTION 1 Figure 2-5 100 90 80 70 60 50 40 30 20 10 10 20...
QUESTION 1 Figure 2-5 100 90 80 70 60 50 40 30 20 10 10 20 30 40 50 60 70 80 washe Refer to Figure 2-5. It is possible for this economy to produce O a. 60 dryers and 50 washers. b. 60 dryers and 60 washers. c. 80 dryers and 50 washers. O d. All of the above.
Question Completion Status: 10 20 30 40 50 60 70 80 90 100 110 120 130...
Question Completion Status: 10 20 30 40 50 60 70 80 90 100 110 120 130 140 > Moving to another question will save this response. uestion 17 T-6 T-4 Start T-5 T-7 Finish T=5 T-6 Given the network in Figure, the time to complete those activities on the critical path is expected to be OA) 20 B) 22 Oo oo D) 26 A Moving to another question will save this response.
Figure 6-26 Tmice 20 18 16 14 12 10 8 6 4 2 D der e 10 20 30 40 50 60 70 S0 90 100 110 120 130 {स Refer to Figure 6-26....
Figure 6-26 Tmice 20 18 16 14 12 10 8 6 4 2 D der e 10 20 30 40 50 60 70 S0 90 100 110 120 130 {स Refer to Figure 6-26. How much tax revenue does this tax produce for the government? $480 $640 S360 $120 Previous 20 21 25 26 27 28 29 Next % @
Use the Figure for the question(s) below Glamos 45 0, 40 35 30 25 20 15...
Use the Figure for the question(s) below Glamos 45 0, 40 35 30 25 20 15 . 10 45.30 76,30 e45, 20 75.20 0 10 20 30 40 50 60 7o 80 90 100 110 Widgets In the figure above, the opportunity cost of Gizmos is @ a 75 Widgets. O b 100 Widgets с 20 widgets @ d 10 Widgets. U. Cannot be calculated without knowing where the economy is along the pPF
(Figure 13.4) A price taker will choose to employ workers. Wage 100 90 80 70 60...
(Figure 13.4) A price taker will choose to employ workers. Wage 100 90 80 70 60 50 40 30 20 10 ME MRP 10 20 30 40 50 60 70 80 90 100 Quantity of labor 40 60 50 25
A Profit-Maximizing Monopolistic Competitor Price (5) Demand F Marginal Revenue 90 100 110 10 20 30 40 50 60 70 80...
A Profit-Maximizing Monopolistic Competitor Price (5) Demand F Marginal Revenue 90 100 110 10 20 30 40 50 60 70 80 The graph above shows the costs, revenue, and demand facing a monopolistically competitive firm. Refer to the graph to answer the question below. The area covered by the rectangle ABD C is the firmy's: A Marginal revenue B. Total Revenue c Profit D. Total cost
r 170 160+ 150 140+ 130 - 120 110 100+ 90 Supply 80- 70 60+ SO...
r 170 160+ 150 140+ 130 - 120 110 100+ 90 Supply 80- 70 60+ SO 40- Demand 30 20- 10- 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 Quantity of Loanable Funds Suppose the market for loanable funds opened up to international borrowers and savers. Further suppose that the real interest rate worldwide is 120 basis points (100 basis points = 1%). Would the gains from trade end up with the households...
Question Completion Status: Supply 8888888 10 20 30 40 50 60 70 80 90 e Refer...
Question Completion Status: Supply 8888888 10 20 30 40 50 60 70 80 90 e Refer to Figure 7-8. At the equilibrium price consumer surplus is a $2.450 $1.225 $1.575 $1.050 Lenovo 12 MB N. IM
Question 36 Figure 6-32 Price 20 ELENTEND 10 20 30 40 50 60 70 80 100...
Question 36 Figure 6-32 Price 20 ELENTEND 10 20 30 40 50 60 70 80 100 Quantity Refer to Figure 6-32. Which of following statements is true based upon the conditions in the market? a shortage will develop when a price ceiling is imposed at a price of S10. a surplus will develop when a price floor is imposed at a price of $8. a surplus will develop when a price floor is imposed at a price of $12. a...
Figure 2-3 100 90 С 80 70 А DRYERS 60 50 D B 40 30 20 10 10 20 30 40 50 60 70 80 90 100 WASHERS Refer to Figure 2-3. This economy cannot currently produce 70 washers and 70 dryers because ООО a. consumers don't want that many washers and dryers. b. it is not using all of its resources c. it is not using the most efficient production process. d. it does not have the resources and...
QUESTION 1 Figure 2-5 100 90 80 70 60 50 40 30 20 10 10 20 30 40 50 60 70 80 washe Refer to Figure 2-5. It is possible for this economy to produce O a. 60 dryers and 50 washers. b. 60 dryers and 60 washers. c. 80 dryers and 50 washers. O d. All of the above.
Question Completion Status: 10 20 30 40 50 60 70 80 90 100 110 120 130 140 > Moving to another question will save this response. uestion 17 T-6 T-4 Start T-5 T-7 Finish T=5 T-6 Given the network in Figure, the time to complete those activities on the critical path is expected to be OA) 20 B) 22 Oo oo D) 26 A Moving to another question will save this response.
Figure 6-26 Tmice 20 18 16 14 12 10 8 6 4 2 D der e 10 20 30 40 50 60 70 S0 90 100 110 120 130 {स Refer to Figure 6-26. How much tax revenue does this tax produce for the government? $480 $640 S360 $120 Previous 20 21 25 26 27 28 29 Next % @
Use the Figure for the question(s) below Glamos 45 0, 40 35 30 25 20 15 . 10 45.30 76,30 e45, 20 75.20 0 10 20 30 40 50 60 7o 80 90 100 110 Widgets In the figure above, the opportunity cost of Gizmos is @ a 75 Widgets. O b 100 Widgets с 20 widgets @ d 10 Widgets. U. Cannot be calculated without knowing where the economy is along the pPF
(Figure 13.4) A price taker will choose to employ workers. Wage 100 90 80 70 60 50 40 30 20 10 ME MRP 10 20 30 40 50 60 70 80 90 100 Quantity of labor 40 60 50 25
A Profit-Maximizing Monopolistic Competitor Price (5) Demand F Marginal Revenue 90 100 110 10 20 30 40 50 60 70 80 The graph above shows the costs, revenue, and demand facing a monopolistically competitive firm. Refer to the graph to answer the question below. The area covered by the rectangle ABD C is the firmy's: A Marginal revenue B. Total Revenue c Profit D. Total cost
r 170 160+ 150 140+ 130 - 120 110 100+ 90 Supply 80- 70 60+ SO 40- Demand 30 20- 10- 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 Quantity of Loanable Funds Suppose the market for loanable funds opened up to international borrowers and savers. Further suppose that the real interest rate worldwide is 120 basis points (100 basis points = 1%). Would the gains from trade end up with the households...
Question Completion Status: Supply 8888888 10 20 30 40 50 60 70 80 90 e Refer to Figure 7-8. At the equilibrium price consumer surplus is a $2.450 $1.225 $1.575 $1.050 Lenovo 12 MB N. IM
Question 36 Figure 6-32 Price 20 ELENTEND 10 20 30 40 50 60 70 80 100 Quantity Refer to Figure 6-32. Which of following statements is true based upon the conditions in the market? a shortage will develop when a price ceiling is imposed at a price of S10. a surplus will develop when a price floor is imposed at a price of $8. a surplus will develop when a price floor is imposed at a price of $12. a...
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