Homework Answers
Kenzo can either produce 30 pizzas or 20 strombolis
Opportunity cost of producing 1 Stromboli = 30/20 = 1.5 pizzas
If pizzas produced = 18
Strombolis produced = (30 - 18)/1.5 = 8
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8. Consider the following PPF of Kenzi.
Suppose Kenzi chooses to produce 18 pizzas, how many...
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...
5. What happens to the PPF when more resources for production are discovered. 6. Refer to...
5. What happens to the PPF when more resources for production
are discovered.
6. Refer to the following table, give the range of the price
of errands such that both Lo and Manuel will be willing to trade.
Assume the opportunity cost is constant. (Don’t forget the
units)
Errands Run Dishes Washed
Lo 2 50
Manuel 4 40
7. Suggest one government policy such that the PPF of a
country can shift out a lot in the future.
8. Consider...
Juanita is a skilled toy maker who is able to produce both cars and drums. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time.
Juanita is a skilled toy maker who is able to produce both cars
and drums. She has 8 hours a day to produce toys. The following
table shows the daily output resulting from various possible
combinations of her time. 5. Opportunity cost and production possibilities Juanita is a skilled toy maker who is able to produce both cars and drums. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of...
The following graph shows the monthly demand functions for a particular good such as a particular...
The following graph shows the monthly demand functions for a particular good such as a particular kind of pizza pertaining to two consumers; Mrs. Brown and Mr. Blue. Mr. Blue does not care that much for this kind of pizza. Mrs. Brown, on the other hand, loves this pizza and believes that it is the best invention in the history of humankind. Currently the price of this pizza is $14 per unit and they are both buying 10 pizzas per...
24) Consider the following reaction. How many moles of oxygen are required to produce 4.00 m...
24) Consider the following reaction. How many moles of oxygen are required to produce 4.00 m of water? Assume that there is excess C3 H7SH present. C3H7SH()+6 02(g)3 CO2(8)+SO 2(8)+4 H2O(g) A) 4.00 moles O2 od B) 1.00 moles O2 C) 2.67 moles O2 mol ot aswdiw D) 16.0 moles O2 E) 6.00 moles O2
17-21 17) Consider the following reaction. How many moles of oxygen are required to produce 10.0...
17-21
17) Consider the following reaction. How many moles of oxygen are required to produce 10.0 moes of 17) water? Assume that there is excess C3H7SH present. C3H7SH)+602(g) 3CO2(g)+S02(g)+4 H20(g) A) 15.0 moles O2 B) 6.67 moles O2 C) 10.0 moles O2 D) 40.0 moles O2 E) 250 moles O2 18) How many molecules of HCl are formed when 80.0 g of water reacts according to the following) balanced reaction? Assume excess ICl3. A) 4.46 1024 molecules HCI B) 536...
Q 1: Clancy and Eileen are farmers. Each one owns a 20-acre plotof land. The...
Q 1: Clancy and Eileen are farmers. Each one owns a 20-acre plot
of land. The following table shows the amount of corn and rye each
farmer can produce per year on a given acre. Each farmer chooses
whether to devote all acres to producing corn or rye or to produce
corn on some of the land and rye on the rest.CornRye(Bushels per acre)(Bushels per acre)Clancy205Eileen5010On the following graph, use the blue line (circle symbol) to
plot Clancy's production possibilities...
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...
I need help with all these l T-Mobile Wi-Fi 12:38 PM 69% くBack Homework 1.pdfa で...
I
need help with all these
l T-Mobile Wi-Fi 12:38 PM 69% くBack Homework 1.pdfa で Name and Dot Number Multiple Choice Questions 1. Which of the following is not considered an economic resource? A. Real estate B. A personal relationship C. Cash D. These are all examples of a resource. 2. Which of the following economic decisions would most likely be studied by a macroeconomist? A. Domino's Pizza decides to provide quantity discounts in order to increase revenue B....
FART I TRUE FALSE QUESTIONS (10 points). Please write True (1) or False (F) on the...
FART I TRUE FALSE QUESTIONS (10 points). Please write True (1) or False (F) on the blank Scarcity is the intimited nature of society's resources given society's limited wants 2. A reward is a type of positive incentive. 3. To remove difficulty of double coincidence of wants we use money. 4. An exogenous factor is a variable that can be controlled for inside the model. 5. The PPF will not have a constant slope. 6. The law of demand states...
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...
5. What happens to the PPF when more resources for production
are discovered.
6. Refer to the following table, give the range of the price
of errands such that both Lo and Manuel will be willing to trade.
Assume the opportunity cost is constant. (Don’t forget the
units)
Errands Run Dishes Washed
Lo 2 50
Manuel 4 40
7. Suggest one government policy such that the PPF of a
country can shift out a lot in the future.
8. Consider...
The following graph shows the monthly demand functions for a particular good such as a particular kind of pizza pertaining to two consumers; Mrs. Brown and Mr. Blue. Mr. Blue does not care that much for this kind of pizza. Mrs. Brown, on the other hand, loves this pizza and believes that it is the best invention in the history of humankind. Currently the price of this pizza is $14 per unit and they are both buying 10 pizzas per...
24) Consider the following reaction. How many moles of oxygen are required to produce 4.00 m of water? Assume that there is excess C3 H7SH present. C3H7SH()+6 02(g)3 CO2(8)+SO 2(8)+4 H2O(g) A) 4.00 moles O2 od B) 1.00 moles O2 C) 2.67 moles O2 mol ot aswdiw D) 16.0 moles O2 E) 6.00 moles O2
17-21
17) Consider the following reaction. How many moles of oxygen are required to produce 10.0 moes of 17) water? Assume that there is excess C3H7SH present. C3H7SH)+602(g) 3CO2(g)+S02(g)+4 H20(g) A) 15.0 moles O2 B) 6.67 moles O2 C) 10.0 moles O2 D) 40.0 moles O2 E) 250 moles O2 18) How many molecules of HCl are formed when 80.0 g of water reacts according to the following) balanced reaction? Assume excess ICl3. A) 4.46 1024 molecules HCI B) 536...
Q 1: Clancy and Eileen are farmers. Each one owns a 20-acre plot
of land. The following table shows the amount of corn and rye each
farmer can produce per year on a given acre. Each farmer chooses
whether to devote all acres to producing corn or rye or to produce
corn on some of the land and rye on the rest.CornRye(Bushels per acre)(Bushels per acre)Clancy205Eileen5010On the following graph, use the blue line (circle symbol) to
plot Clancy's production possibilities...
I
need help with all these
l T-Mobile Wi-Fi 12:38 PM 69% くBack Homework 1.pdfa で Name and Dot Number Multiple Choice Questions 1. Which of the following is not considered an economic resource? A. Real estate B. A personal relationship C. Cash D. These are all examples of a resource. 2. Which of the following economic decisions would most likely be studied by a macroeconomist? A. Domino's Pizza decides to provide quantity discounts in order to increase revenue B....
FART I TRUE FALSE QUESTIONS (10 points). Please write True (1) or False (F) on the blank Scarcity is the intimited nature of society's resources given society's limited wants 2. A reward is a type of positive incentive. 3. To remove difficulty of double coincidence of wants we use money. 4. An exogenous factor is a variable that can be controlled for inside the model. 5. The PPF will not have a constant slope. 6. The law of demand states...
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