Homework Answers
The scenario that describes the scarcity is “There are 16 slices of pepperoni pizza available and 18 people want a pepperoni slice”
Scarcity means limited availability of a good or commodity which is in demand. The scarcity leads individuals to decide how to allocate this resource efficiently so as to fulfil the wants of as many as possible. Here there is 16 slices of pizza but have 18 people to consumer it, thus there is limited availability of pizza slices which need to be distributed among them.
Add Answer to:
Which of the following scenarios describes scarcity at a pizza shop? Select the best answer. Answer...
Consider a situation in which a restaurant offers pizza by the slice. The current price is...
Consider a situation in which a restaurant offers pizza by the slice. The current price is set by the restaurant at $2/slice. The additional, or incremental, benefit (B), per slice, obtained by a representative consumer from each additional slice of pizza is given by: B = 20 - 2Q, where Q is the number of slices consumed. Quantity of Pizza Consumed Marginal Benefit Marginal Cost 1 2 3 4 5 6 7 8 9 10 (a) (4 points) Complete the...
1. Suppose Madeline's preferences on the consumption bundles are represented by the following table. Which of...
1. Suppose Madeline's preferences on the consumption bundles are represented by the following table. Which of the following trades is Madeline willing to make? Explain why or why not. Table 1: Madeline's Alternatives and Preference Ranking #11 | #7 | #3 | #1 2 | #13| #8 | #4 | #2 Cheese pizza 1 F15-01 # 0 | #16 | #14 | #12 | #10 0 Frozen yogurt (a) Starting with one scoop of yogurt and one slice of pizza,...
Which of the following best describes the structure of lipid bilayer? Select the correct answer below....
Which of the following best describes the structure of lipid bilayer? Select the correct answer below. O A double layer of phospholipids with the polar ends facing inwards. O A double layer of phospholipids with the polar ends facing outwards. O A double layer of cholesterol molecules with the polar ends facing inwards O A double layer of cholesterol molecules with the polar ends facing outwards
1. Which of the following describes the reason why scarcity exists? A. Governments make bad economic...
1. Which of the following describes the reason why scarcity exists? A. Governments make bad economic decisions. B. The gap between the rich and the poor is too wide. C. Wants exceed the resources available to satisfy them. D. There is too much unemployment. 2. Which of the following defines economics? Economics is the social science that studies ________. A. the best way of eliminating scarcity B. the choices made to cope with scarcity, how incentives influence those choices, and...
A consumer is trying to maximize their subject to a budget constraint. income health O profits...
A consumer is trying to maximize their subject to a budget constraint. income health O profits utility Question 2 1 pts Which best describes the law of diminishing marginal utility? Pete's marginal utility from eating pizza stays the same no matter how many slices he consumes Pete's marginal utility from eating pizza is negative The more pizza Pete eats, the more he enjoys an additional slice The more pizza Pete eats, the less he enjoys an additional slice Question 3...
Which answer best describes a drug which is an allosteric inhibitor? Select one: a. binds to...
Which answer best describes a drug which is an allosteric inhibitor? Select one: a. binds to the binding site for the endogenous ligand and have no physiological response b. increases the binding of the endogenous ligand C. competes with the endogenous ligand on the receptor binding site d. decreases the binding of the endogenous ligand
Which of the following statements best describes the study of economics? Economics studies how to organize production...
Which of the following statements best describes the study of economics? Economics studies how to organize production so that scarcity does not occur. businesses reach decisions. firms make profits. we make choices in the face of scarcity. 2 points QUESTION 2 Which of the following is a positive statement? Parking tickets on campus impose an excessive fee. University bookstore prices are too high. A recession leads to higher enrollments at universities. An increase in college tuition is not fair to...
. Fill in the following table, graph marginal and total utility of pizza and the total...
. Fill in the following table, graph marginal and total utility of pizza and the total and marginal utility of beer and answer the following questions (Pages 508-512) (6 points) Marginal Ubility of of slices Total utility of Marginal utility beer pizzas of pizza 36 38 54 18 a. If you have a budget of $10 and the pizza and beers cost $2 each, what is the consumer optimum? b. What if the price of beer increases to $3, but...
Which best describes the dipole-dipole attractions? They are specifically the interaction between: Select the correct answer...
Which best describes the dipole-dipole attractions? They are specifically the interaction between: Select the correct answer below: O two formal, or permanent, dipoles an instantaneous dipole and a formal dipole O two temporary dipoles O none of the above In order to know the total pressure of gas collected over water, we need to know: Select the correct answer below: O pressure of the water vapor O pressure of the pure gas both A and B neither A or B...
3. Answer the following multiple-choice questions. (60 points) I. Which word best describes the relationship between...
3. Answer the following multiple-choice questions. (60 points) I. Which word best describes the relationship between these molecules? CH3 a) enantiomers b) diastereomers c) constitutional d) geometric sama molecule which word best describes the relationship between these molecules? d) geometric same molecule III. Which word best describes the relationship between these molecules? d) geometric ) same moleaule a) enantiomersb) diastereomers constitutional IV, which word best describes the relationship between these molecules? d) geometric e) same molecule a) enantiomers b diastereoners...
Consider a situation in which a restaurant offers pizza by the slice. The current price is set by the restaurant at $2/slice. The additional, or incremental, benefit (B), per slice, obtained by a representative consumer from each additional slice of pizza is given by: B = 20 - 2Q, where Q is the number of slices consumed. Quantity of Pizza Consumed Marginal Benefit Marginal Cost 1 2 3 4 5 6 7 8 9 10 (a) (4 points) Complete the...
1. Suppose Madeline's preferences on the consumption bundles are represented by the following table. Which of the following trades is Madeline willing to make? Explain why or why not. Table 1: Madeline's Alternatives and Preference Ranking #11 | #7 | #3 | #1 2 | #13| #8 | #4 | #2 Cheese pizza 1 F15-01 # 0 | #16 | #14 | #12 | #10 0 Frozen yogurt (a) Starting with one scoop of yogurt and one slice of pizza,...
Which of the following best describes the structure of lipid bilayer? Select the correct answer below. O A double layer of phospholipids with the polar ends facing inwards. O A double layer of phospholipids with the polar ends facing outwards. O A double layer of cholesterol molecules with the polar ends facing inwards O A double layer of cholesterol molecules with the polar ends facing outwards
A consumer is trying to maximize their subject to a budget constraint. income health O profits utility Question 2 1 pts Which best describes the law of diminishing marginal utility? Pete's marginal utility from eating pizza stays the same no matter how many slices he consumes Pete's marginal utility from eating pizza is negative The more pizza Pete eats, the more he enjoys an additional slice The more pizza Pete eats, the less he enjoys an additional slice Question 3...
Which answer best describes a drug which is an allosteric inhibitor? Select one: a. binds to the binding site for the endogenous ligand and have no physiological response b. increases the binding of the endogenous ligand C. competes with the endogenous ligand on the receptor binding site d. decreases the binding of the endogenous ligand
. Fill in the following table, graph marginal and total utility of pizza and the total and marginal utility of beer and answer the following questions (Pages 508-512) (6 points) Marginal Ubility of of slices Total utility of Marginal utility beer pizzas of pizza 36 38 54 18 a. If you have a budget of $10 and the pizza and beers cost $2 each, what is the consumer optimum? b. What if the price of beer increases to $3, but...
Which best describes the dipole-dipole attractions? They are specifically the interaction between: Select the correct answer below: O two formal, or permanent, dipoles an instantaneous dipole and a formal dipole O two temporary dipoles O none of the above In order to know the total pressure of gas collected over water, we need to know: Select the correct answer below: O pressure of the water vapor O pressure of the pure gas both A and B neither A or B...
3. Answer the following multiple-choice questions. (60 points) I. Which word best describes the relationship between these molecules? CH3 a) enantiomers b) diastereomers c) constitutional d) geometric sama molecule which word best describes the relationship between these molecules? d) geometric same molecule III. Which word best describes the relationship between these molecules? d) geometric ) same moleaule a) enantiomersb) diastereomers constitutional IV, which word best describes the relationship between these molecules? d) geometric e) same molecule a) enantiomers b diastereoners...
Most questions answered within 3 hours.
-
A simple random sample of size n=64 is obtained from a
population with a mean of...
asked 21 minutes ago -
(2 dimensions, 1 object, 2 accelerations)
1) A projectile is thrown with a wind. The wind...
asked 1 hour ago -
Brian makes $34,100 per year. How much can Brian expect to
contribute to FICA taxes in...
asked 1 hour ago -
To buy a new house you must borrow $155,000. To do this you take
out a...
asked 2 hours ago -
Spacely Sprockets is evaluating the construction of a new plant
on land the company purchased for...
asked 2 hours ago -
1. Consider a linear regression model of y on K regressors and
an intercept.
(i) Describe...
asked 3 hours ago -
Enter a balanced equation for the reaction between hydrochloric
acid and sodium sulfite.
Express your answer...
asked 3 hours ago -
Give a regular expression describing the language
{x | x ∈ Σ* and x does not...
asked 3 hours ago -
Masses of 1.0 kg, 2.0 kg, and 3.0 kg are each separately subject
to a net...
asked 3 hours ago -
The mode of philosophical argumentation and thought. How do
philosophers think and write? What is important...
asked 3 hours ago -
At the beginning of the unit, you were asked whether you thought
it was appropriate or...
asked 3 hours ago -
Calculate the grams of carbon in 9.32 x 10+23 molecules of
benzene (C6H6).
asked 3 hours ago