1. Ecomaries in :A. the study of markels for toK2 and bonds.B. the study of choie undea tondibón of starityC. exclusively the study of business, birrnsD. fundamentally the same as sociology2. The opportunity cost of any adhm is:A. All possible altumalies fongone.B. the best altemative forgonec, the time reguired but net the monetany cost3. Nlet benefde are maximjed whenA. Manginal, Bendhit aquals manginal costsB. Manginal Binefit is greder than mavginal castsC. Marginal Benefct is egual to 3ero .D. Tatal benafit is greatir thom toal costs1. Ouipat combindins beloo the produtim possibility frmtenl PPF)A. Could mdieale that some rlsonees are Unemployed,B, v unattamable.C. » better than Combinalions on the PPFD. mplis that toro mech capitat and not entugh labon gre being kaid5. which of the Bollowing may slibt e PPF t the night ?A. A major bloodB. New tednolagical break through that insreases produelirty resoures.C, Fall in quanlitis of esrwleD. None o3 the absve,PTO

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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If the economic incentives "Covid-19" happens, about the goods 'mask', explain how to maximize short- and long-term profits, how government can intervene, problem of government intervention and how to deal with it. Use graphs to explain them.
When a market is in equilibrium, which of the following is not correct Select one: a. the price determines which buyers and sellers participate in the market. b. those buyers who value the good more than the price choose to buy the good. c. those sellers whose costs are less than the price choose to produce and sell the good. d. the marginal cost of producing the last unit of the good is equal to consumers' marginal benefit from consuming the last unit e. the opportunity cost of producing the last unit of the good is equal to the absolute advantage of producing it.
a. Consider the following statement: "The market system is a profit-and-loss system." This statement is O false, because the market system does much more than provide profits and losses. O true, because consumers purchase only what they want, producers will earn profits. O true, because producer decisions are motivated by the attempt to earn profits. O false, because consumers purchase only what they want, producers will earn profits.
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1. Ecomamies in : A. the study of markets for toKe and bonds. 8, the atudy of choice under tonditión of scarity C. excusively the study of business, birins D. fundamentally the same az sociology