4. What is the opportunity cost of maintaining a cactus (measured in palm trees forgone)? A. 1 E. F. G. H. C. D. B. C. D. E. F. G. H. 6ABCD B. 5. What is the opportunity cost of maintaining a palm tree (in cacti forgone)? A. 1 4 1/4 1/3 24 3 A. B. C. 4 1/4 1/3 24 3 6. Where is the combined output of 2 palms and 3 cacti in relation to the PPF? Inside it D. Cannot be known from the information provided None of the above (Explain why: Cannot be known from the information provided None of the above (Explain why: Outside it On it At one of its endpoints

4. What is the opportunity cost of maintaining a cactus (measured in palm trees forgone)? A. 1 E. F. G. H. C. D. B. C. D. E. F. G. H. 6ABCD B. 5. What is the opportunity cost of maintaining a palm tree (in cacti forgone)? A. 1 4 1/4 1/3 24 3 A. B. C. 4 1/4 1/3 24 3 6. Where is the combined output of 2 palms and 3 cacti in relation to the PPF? Inside it D. Cannot be known from the information provided None of the above (Explain why: Cannot be known from the information provided None of the above (Explain why: Outside it On it At one of its endpoints

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Table 1.4 Number of Opportunity Cost (Foregone Good 2) Combination Opportunity Cost (Foregone Good 1) Good 1 Number of Good 2 NA 268 4.63 125 0.22 241 0.84 211 1.19 139 0.35 D 259 2.9 NA What is the opportunity cost of each unit of Good 1 when the economy changes production from 8 to C?
2. Give at least four examples of trade-offs when scarce resources are used a. b. C. d.
Draw a production possibilities frontier diagram for a farm able to produce corn or soybeans. What does a production possibilities frontier illustrate?
1
The production possibilities frontier curve illustrates that a. an economy's capacity to produce is unrelated to its population. b. if all the resources of an economy are being used efficiently, more of one good can be produced only if more of another good is produced. c. an economy will automatically move toward a point at which all of its resources are being used inefficiently. d. if all the resources of an economy are being used efficiently, more of one good can be produced only if less of another good is produced.
Ice cream (millions of gallons per year) 5 A 4 В 3 2 3 4 Milk (millions of gallons per year) The figure above shows the production possibilities frontier for a country. The opportunity cost of a gallon of milk between combination point A and Bis A) 4 gallons of ice cream for a gallon of milk. B) 3 gallons of ice cream for a gallon of milk. C) 1 gallon of ice cream for a gallon of milk. D) 1/3 of a gallon of ice cream for a gallon of milk. E) zero because at point A, zero milk is being produced.
ITMG 1B Econ 2100 mic E Homework: Basic... Question 15, 1.1 Questio... Consider the figure at the right, which represents the production possibilities boundary for pizzas and guns. The combination(s) of pizzas and guns at O A. points A and C are attainable and efficient. O B. point B is efficient and attainable. O C. points A and C are less efficient than at point B. O D. points A and C require more resources than at point B. O E. point A is more efficient than at point C.
#25
K H S Course Home A. Nothing, it is a free lunch B. 6 thousand bottles of wine C. 6 tons of rice D. 9 thousand bottles of wine OE. 15 thousand bottles of wine mylab.pearson.com The figure shows the production possibility frontier for a country. What is the opportunity cost to move from point D to point E? A Wine (thousands of bottles per year) 15 12 9 6 3 C03Qu O B 3 D E 12 15 Rice (tons per year) +
9
I need help with this please
1. Google provides Gmail users with 15GB of "free" storage. Is it really free? If not, what are the costs and who pays them? 2. Theoretically, users who reach their limit also have a third option: they can switch to a different email provider. Why might people be unwilling to do that? 3. Consider the opportunity cost of users' time associated with spending several hours to delete thousands of emails. If a user is willing to spend 2 hours per week deleting emails to avoid spending $2 per month for storage, what does that say about the value a user places on their leisure time? Is that rational?