At point A 200 baseball's and 0 bananas are produced.
At C 100 baseball's and 300 bananas are produced
Opportunity cost of moving from A to C is the amount of baseballs given up which is equal to 100.
Answer-100 baseballs
Question 17 Figure GW Baseballs 200 150 T- 100 50 0. 100 200 300 400 Bananas...
Baseballs 150--- 100-P 50 100 200300 0 Bananas 9. Refer to Figure 2-6. What is the opportunity cost to society of the movement from point A to point C? a. 50 baseballs b. 100 baseballs c. 100 bananas d. 300 bananas Refer to Figure 2-6. If this economy put all available resources into the production of bananas, it could produce a. 200 bananas and also 150 baseballs. b. 300 bananas and also 100 baseballs. c. 400 bananas and no baseballs....
350 300 250 200 150 100 50 0 50 100 150 200 250 300 350 400 450 500 Actual Aggregate Expenditure (Y, billions of $) Instructions: Enter whole numbers into each box a. What is the Keynesian equilibrium output in this economy? billion b. At an output level of $200 billion, planned aggregate expenditure is equal to $ ( (Click to select) output in the upcoming year billion and the economy is likely to c. At an output level of...
The market for airplane tickets $400 350 300 250 200 150 100 OL 0 25 50 75 100 125 (a) (2 pts) Find marginal buyers WTP at Q = 25. In the market without tax, compute his or her CS? (b) (4 pts) Compute CS, PS, and total surplus without a tax. (c) (4 pts) If $100 tax per ticket, compute CS, PS, tax revenue, total surplus, and DWL. (d) (4 pts) For the market without tax and the market...
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$ 150 P. - 100 $50 100 200 300 400 500 600 700 800 900 1000 (sugariton) 33) Refer to Figure 9.5.1 34) Refer to Figure 9.5.1 above. If free trade in sugar above. If free trade in sugar 35) Refer to Figure 9.5.1 is replaced by a $50 tariff on is replaced by a $50 tariff in above. In order to gain the sugar, the effect on domestic sugar, government revenue equivalent imports...
QUESTION 6 Figure 10-20. 450- Social Cost 400 Supply Private Costs) 250- 200- 150 100 Demand 50 100 150 200 250 300 350 400 460 500 Quantty k Save All Answers to save all answers Demand 100 50 50 100 150 200 250 300 350 400 450 500 Quantity Refer to Figure 10-20. Without government intervention O a there is no clear relationship between the equilibrium quantity and socially optimal quantity O b the equilibrium quantity equals the socially optimal...
Arturo's Production Possibilities Frontier Dina's Production Possibilities Frontier 500 furries 450 350 300 150 100+ T 50 50 100 150 200 250 300 350 400 50 100 150 200 250 300 350 400 anos - Refer to Figure 3-14. Arturo's opportunity cost of one burrito is a. 3/4 taco and Dina's opportunity cost of one burrito is 1/2 taco. b. 3/4 taco and Dina's opportunity cost of one burrito is 2 tacos. Soc. 4/3 tacos and Dina's opportunity cost of...
QUESTION 1 Price della per jacket 0 100 150 200 250 300 350 400 Quantity thousands of jackets The above figure shows the market for winter jackets. In an effort to keep the nation warm, the president places a price ceiling of 5100 in the market for winterjackets. What is the size of the jacket shortege created by this price ceiling? Your answer should be in thousands e pul 500, not 500,000). QUESTION 2 Wage rate solars per hour 0...
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