Homework Answers
D --- is correct
Opportunity cost of producing one gallon of honey in Tahiti = 400/480= 5/6 gallons of milk.
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Tahiti Bora Bora Honey (gallons) Honey (gallons) 540 480 0 400 Milk 360...
A small country produces only milk and hats and its production possibilities frontier is shown in...
A small country produces only milk and hats and its production
possibilities frontier is shown in the table above.
a. The nation is currently
producing at point B. What is the opportunity cost of
producing two additional gallons of milk? At point C? At
point D? What do your results show?
b. Suppose the nation is
initially producing 4 gallons of milk and 80 hats. What is the
opportunity cost of producing 2 additional gallons of milk? Explain
your answer....
anvas → XC 2.5 pts Question 20 Figure 2.9 Greenland Roland Snow cones 270 240 0...
anvas → XC 2.5 pts Question 20 Figure 2.9 Greenland Roland Snow cones 270 240 0 200 Figure 2-9 shows the production possibilities frontiers for Greenland and Iceland. Each country produces two goods, snow cones and popsicles Refer to Figure 2-9. What is the opportunity cost of producing 1 popsicle in Greenland? 2/3 of a snow cone 5/6 of a snow cone 11/5 snow.cones 240 snow cones mu
Question 10 2 pts Question 11 1 pts The figure below shows the production possibilities frontiers...
Question 10 2 pts Question 11 1 pts The figure below shows the production possibilities frontiers of countries X and Y. The points on each axis represent the maximum quantities that each country could produce if they specialized entirely in one good or the other. According to this graph, the opportunity cost of producing a ton of wheat is... The figure below shows the production-possibilities frontiers of countries X and Y. The points on each axis represent the maximum quantities...
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...
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...
I need help 8:38 AM Fri Jan 25 95% KHomework1 Homework 1.pdf Short Answer Questions I....
I
need help
8:38 AM Fri Jan 25 95% KHomework1 Homework 1.pdf Short Answer Questions I. Consider an economy that produces Military goods and Consumer goods, the PPF and the case that more recourses become available are given by the graph below. You are asked to identify how the followings affect the PPF. In order to get full mark, you have to figure out both the moving section (military goods section or consumer goods section) and the direction (outward or...
Figure 2-1 4) Refer to Figure 2-1. Point A is A) technically efficient. B) unattainable with...
Figure 2-1 4) Refer to Figure 2-1. Point A is A) technically efficient. B) unattainable with current resources. C) inefficient in that not all resources are being used. D) the equilibrium output combination. 5) Refer to Figure 2-1. Point B is A) technically efficient. B) unattainable with current resources. C) inefficient in that not all resources are being used. D) the equilibrium output combination. 6) Refer to Figure 2-1. Point C is A) technically efficient. B) unattainable with current resources....
The United States will have 0 additional shirt(s) after the trade (enter a numeric response using...
The United States will have 0 additional
shirt(s) after the trade (enter a numeric response using an
integer) and __ additional boot(s).
At the same time, Canada will be able to consume ___ additional
shirt(s) as a result of the trade and ___ additional boot(s).
Homework: Homework Assignment 1 Save Score: 0.57 of 1 pt 12 of 19 (12 complete) HW Score: 60.9%, 11.57 of 19 pts % End of Chapter 2.4 :3Question Help • Using the same amount of...
A government might choose to implement a price floor to O A. keep specific prices up....
A government might choose to implement a price floor to O A. keep specific prices up. O B. satisfy notions of equity. O c. give into powerful political groups. OD. All of the above have served as motivations. Demand and Supply Schedules for Chocolate Bars Price Quantity Demanded Quantity Supplied ($) (thousands per week) (thousands per week) 2.00 1500 2100 1.80 1600 2050 1.60 1700 2000 1.40 1800 1950 1.20 1900 1900 1.00 2000 1850 0.80 2100 1800 0.60 2200...
A small country produces only milk and hats and its production
possibilities frontier is shown in the table above.
a. The nation is currently
producing at point B. What is the opportunity cost of
producing two additional gallons of milk? At point C? At
point D? What do your results show?
b. Suppose the nation is
initially producing 4 gallons of milk and 80 hats. What is the
opportunity cost of producing 2 additional gallons of milk? Explain
your answer....
anvas → XC 2.5 pts Question 20 Figure 2.9 Greenland Roland Snow cones 270 240 0 200 Figure 2-9 shows the production possibilities frontiers for Greenland and Iceland. Each country produces two goods, snow cones and popsicles Refer to Figure 2-9. What is the opportunity cost of producing 1 popsicle in Greenland? 2/3 of a snow cone 5/6 of a snow cone 11/5 snow.cones 240 snow cones mu
Question 10 2 pts Question 11 1 pts The figure below shows the production possibilities frontiers of countries X and Y. The points on each axis represent the maximum quantities that each country could produce if they specialized entirely in one good or the other. According to this graph, the opportunity cost of producing a ton of wheat is... The figure below shows the production-possibilities frontiers of countries X and Y. The points on each axis represent the maximum quantities...
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
8:38 AM Fri Jan 25 95% KHomework1 Homework 1.pdf Short Answer Questions I. Consider an economy that produces Military goods and Consumer goods, the PPF and the case that more recourses become available are given by the graph below. You are asked to identify how the followings affect the PPF. In order to get full mark, you have to figure out both the moving section (military goods section or consumer goods section) and the direction (outward or...
The United States will have 0 additional
shirt(s) after the trade (enter a numeric response using an
integer) and __ additional boot(s).
At the same time, Canada will be able to consume ___ additional
shirt(s) as a result of the trade and ___ additional boot(s).
Homework: Homework Assignment 1 Save Score: 0.57 of 1 pt 12 of 19 (12 complete) HW Score: 60.9%, 11.57 of 19 pts % End of Chapter 2.4 :3Question Help • Using the same amount of...
A government might choose to implement a price floor to O A. keep specific prices up. O B. satisfy notions of equity. O c. give into powerful political groups. OD. All of the above have served as motivations. Demand and Supply Schedules for Chocolate Bars Price Quantity Demanded Quantity Supplied ($) (thousands per week) (thousands per week) 2.00 1500 2100 1.80 1600 2050 1.60 1700 2000 1.40 1800 1950 1.20 1900 1900 1.00 2000 1850 0.80 2100 1800 0.60 2200...
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