Sol
a
Opportunity cost of producing 14 units of food is 40 units of clothing .
b
Per unit opportunity cost of clothing in terms of food = 14/40 = 0.35 unit of food .
c
Marginal opportunity cost of food from B to C = 10/4 = 2.5 units of clothing .
d
Marginal opportunity cost of food from C to D = 10/3 = 3.33 units of clothing .
Ob 23 NE ww Marked out of 00 Gestion Production Possibility Related Question Use following Table...
1. Use the following table to answer the question. Dave's Production Possibility Schedule Simon's Production Possibility Schedule Pounds of Green Beans Pounds of Corn Pounds of Green Beans Pounds of Corn 0 160 0 80 20 120 40 60 40 80 80 40 60 40 120 20 80 0 160 0 Assume Dave consumes 40 pounds of green beans and 80 pounds of corn without trade. Also, assume that Simon consumes 80 pounds of green beans and 40 pounds of...
14) Use the following table to answer the question below. Jane's Production Possibility Schedule Pounds of Green Beans Pounds of Corn 0 80 20 60 4040 60 20 80 0 1 pound(s) of corn. Jane's opportunity cost of producing 1 pound of green beans is A)4 B) 2 C)1 D) 1/2
question 20
214 215 216 217 Use the following information to answer questions 20-23: Uzbekistan produces two goods, computers and aircrafts. In the following table different feasible production combinations are given for Uzbekistan 218 219 Maximum annual Quantity of output options computers 220 221 222 Quantity of aircrafts 1,000 800 600 8.000 12,000 15,000 17,000 18,000 400 224 200 225 226 228 231 232 234 235 36 38 24 Computer 44 20 If Uzbekistan is currently producing at option B,...
Below is the production possibilities table for the country of Lavaland. Number of pizza Choice Number of tanks 15 14 12 12 3. When the Lavaland is currently at the point A on its PPF, how the production of tanks can be increased in a given time? a. The country can have both, more of thanks and more of pizza b. Production of thanks can be increased by decreasing the production of pizza. c. Production of thanks can be increased...
fill out the table
question 16
The table below provides cost information for a firm. Use this information to answer the following 3 questions. Quantity MC FC VC 0.5 10 20 30 2 40 13. Is this firm operating in the short run or the long run, and how do you know? a. The firm is operating in the short run because there are fixed costs. b. The firm is operating in the long run because both fixed and variable...
please
answer all the questions
Introduction to PPC Curves Worksheet package Question 1 (Application 12 Marks) he following table outlines some combinations of com and beef that can be produced annually from a given parcel of farm land: Production possibility Corn (bushels) 16000 Beef(kg) 8000 900 6000 1200 4000 1400 2000 1450 1500 a) Draw a production possibilities curve for this agricultural enterprise (3 marks) b) Can this farm produce 6000 bushels of com and 1500 kg of beef during...
Question 1 Which of the following has been defined as an economic resource of production? Money Demand Markets Capital All of the above D Question 2 Which of the following would be a micro economic topic? • Determining what will occur in the market for oranges when there is an early freeze. Determining what will occur to inflation when the government increases taxes, Determining the affects of a war in Iraq on the price of steel. Botha and None of...
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....
Please Give a detailed explanation, not just an answer! I am
trying to learn I'm a UCF student "go knights"!
ECO20023
UCF, Homework 2
Module 2 Homework Q Saved Help Save & Exit Submit A Slmple Model of Productlon Exerclse 1 Mountain Mack spends his time carving fishing lures and duck decoys. If Mountain Mack spends all of his time carving fishing lures he can carve 40 lures in a week. If he spends all of his time carving duck...