Homework Answers
a) Ans: Paulie's opportunity cost : 8.50 t-shirts
Explanation:
Paulie's opportunity cost of producing 1 cup of ice cream = 17 /2 = 8.5 t-shirts
b) Ans:Vinny's opportunity cost : 0.60 cups of ice cream
Explanation:
Vinny's opportunity cost of producing 1 t-shirt = 9 /15 = 0.60 cups of ice cream
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ent Score: 0% Hint Check Ans of 25 Suppose that Paulie and Vinny each can produce...
Suppose that Paulie and Vinny each can produce ice cream or t-shirts. The table shows the quantity of each good tha...
Suppose that Paulie and Vinny each can produce ice cream or t-shirts. The table shows the quantity of each good that Paulie and Vinny each can produce in 1 hour, respectively, if they devote all of their time and effort into making the good. Round all answers to two decimal places. Ice cream (cups) T-shirts (quantity) Paulie 4.00 17.00 Vinny 6,00 11.00 a. What is Paulie's opportunity cost of producing a cup of Paulie's opportunity cost: t-shirts ice cream? b....
Suppose that Paulie and Vinny each can produce ice cream or t-shirts. The table shows the...
Suppose that Paulie and Vinny each can produce ice cream or t-shirts. The table shows the quantity of each good that Paulie and Vinny each can produce in 11 hour, respectively, if they devote all of their time and effort into making the good. Round all answers to two decimal places. Ice cream (cups) T-shirts (quantity) Paulie 3.003.00 20.0020.00 Vinny 7.007.00 14.0014.00 a. What is Paulie's opportunity cost of producing a cup of ice cream? Paulie's opportunity cost: t‑shirtst‑shirts b....
Suppose that Paulie and Vinny each can produce ice cream or t-shirts. The table shows the...
Suppose that Paulie and Vinny each can produce ice cream or t-shirts. The table shows the quantity of each good that Pautie inny each can produce in 1 hour, respectively, if they devote all of their time and effort into making the good. Round all answers to two decimal places. Ice cream (cups) 2.00 T-shirts (quantity) 19.00 11.00 Paulie Vinny 9.00 a. What is Paulie's opportunity cost of producing a cup of ice cream? Paulie's opportunity cost: t-shirts b. What...
Suppose that Paulie and Vince each can produce ice cream or t-shirts. The table shows the...
Suppose that Paulie and Vince each can produce ice cream or t-shirts. The table shows the quantity of each good that Paulie and Vince each can produce in one hour, respectively, if they devote all of their time and effort to making the good. Ice cream T-shirts Cups) (quantity) Pauli Vinc 17 12 What is Paulie's opportunity cost of producing one cup of ice cream (round to two decimal places)? t-shirts 12 vincel What is Paulie's opportunity cost of producing...
14. Problems and Applications Q8 Suppose that in a year an American worker can produce 100...
14. Problems and Applications Q8 Suppose that in a year an American worker can produce 100 shirts or 20 computers and a Chinese worker can produce 100 shirts or 10 computers. blue line (circle symbol) to graph the production possibilities frontier (PPF) for the United States, and use the green line (triangle symbol) to graph the production possibilities frontier for China. 30 T 27 U.S PPF China PPF 15 12 U.S. without Trade China without Trade 0 10 20 30...
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
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Assignment Score: 37.5% Resources Give Up? Hint Check Answer Question 7 of 16 > Consider the...
Assignment Score: 37.5% Resources Give Up? Hint Check Answer Question 7 of 16 > Consider the given simple economy. Sheepnip Co. makes sheep feed. Better-bald Inc. purchases sheep feed for the sheep it raises and sells wool. Sweeter Sweaters Inc. makes and sells wool sweaters. Sheepnip Co. Better-bald Inc. Sweeter Sweaters Inc. Sheep feed $0 $2200 $0 Wool $0 $0 $3800 Wages $700 $300 $550 Interest payments $400 $100 $50 Rent $1000 $450 $500 Profits $100 $750 $800 What is...
Suppose that Paulie and Vinny each can produce ice cream or t-shirts. The table shows the quantity of each good that Paulie and Vinny each can produce in 1 hour, respectively, if they devote all of their time and effort into making the good. Round all answers to two decimal places. Ice cream (cups) T-shirts (quantity) Paulie 4.00 17.00 Vinny 6,00 11.00 a. What is Paulie's opportunity cost of producing a cup of Paulie's opportunity cost: t-shirts ice cream? b....
Suppose that Paulie and Vinny each can produce ice cream or t-shirts. The table shows the quantity of each good that Pautie inny each can produce in 1 hour, respectively, if they devote all of their time and effort into making the good. Round all answers to two decimal places. Ice cream (cups) 2.00 T-shirts (quantity) 19.00 11.00 Paulie Vinny 9.00 a. What is Paulie's opportunity cost of producing a cup of ice cream? Paulie's opportunity cost: t-shirts b. What...
Suppose that Paulie and Vince each can produce ice cream or t-shirts. The table shows the quantity of each good that Paulie and Vince each can produce in one hour, respectively, if they devote all of their time and effort to making the good. Ice cream T-shirts Cups) (quantity) Pauli Vinc 17 12 What is Paulie's opportunity cost of producing one cup of ice cream (round to two decimal places)? t-shirts 12 vincel What is Paulie's opportunity cost of producing...
14. Problems and Applications Q8 Suppose that in a year an American worker can produce 100 shirts or 20 computers and a Chinese worker can produce 100 shirts or 10 computers. blue line (circle symbol) to graph the production possibilities frontier (PPF) for the United States, and use the green line (triangle symbol) to graph the production possibilities frontier for China. 30 T 27 U.S PPF China PPF 15 12 U.S. without Trade China without Trade 0 10 20 30...
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...
Assignment Score: 37.5% Resources Give Up? Hint Check Answer Question 7 of 16 > Consider the given simple economy. Sheepnip Co. makes sheep feed. Better-bald Inc. purchases sheep feed for the sheep it raises and sells wool. Sweeter Sweaters Inc. makes and sells wool sweaters. Sheepnip Co. Better-bald Inc. Sweeter Sweaters Inc. Sheep feed $0 $2200 $0 Wool $0 $0 $3800 Wages $700 $300 $550 Interest payments $400 $100 $50 Rent $1000 $450 $500 Profits $100 $750 $800 What is...
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