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- what is marcoeconomic?Corisiuer tie market ior minivaris. ASsume iminivaris are a normai goou. For each of the following events, identify which of the determinants of demand or supply are affected. If demand is unaffected by this event because it creates only a supply change, select the "None" option under the "Demand Determinant" column. Similarly, if supply is unaffected by this event because it creates only a demand change, select the "None" option under the "Supply Determinant" column. Event Demand Determinant Supply Determinant People decide to have more children. A strike by steelworkers raises steel prices. Engineers develop new automated machinery for the production of minivans. The price of sports utility vehicles rises. A stock-market crash lowers people's wealth. Show the effect of the following event on the market for minivans: People decide to have more children. (? Supply Demand Supply Demand Quantity of Minivans Price of MinivansWould an op-ed piece in a newspaper urging the adoption of a particular economic policy be a positive or normative statement?
- The table shows the Gabrielle's total staty from manicures What is Cat's total unity when she boys 4 manicures? What is the marginal unity she receives from her fourth manicure? When Gabriele buys 4 manicures, the totalutty that she receives units Gabrieles marginal uity from the fourth manicure is units Marginality OA increases a more of a good is consumed OB has no relationship oluy Oc the chance in total usey that results from Manicures (per 0 1 2 4 5 Total uality 8 50 90 122 150 176Eleanor is a talented artist who sells hand-crafted goods on her website. Eleanor currently crafts and sells both picture frames and cutting boards. She spends 8 hours a day working on crafts. The following table gives different daily output scenarios depending on how much of her time is spent on each good. CUTTING BOARDS A Hours Crafting Choice (Picture frames) (Cutting boards) (Picture frames) (Cutting boards) 30 20 25 10 5 0 с D E B 0 1 8 6 2 4 On the following graph, use the blue points (circle symbol) to plot Eleanor's initial production possibilities frontier (PPF). 2 0 3 5 PICTURE FRAMES 0 2 4 4 6 8 6 7 4 3 2 1 0 8 Produced O Initial PPF 0 New PPF 11 16 19 20 Suppose Eleanor is currently using combination D, producing one picture frame per day. Her opportunity cost of producing a second picture frame per day is per day. Now, suppose Eleanor is currently using combination C, producing two picture frames per day. Her opportunity cost of producing a third picture frame per day is…Consider the table. What is the opportunity cost of changing from Choice B to Choice C? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to a b EM.26 C d 4 pizzas 2 salads 3 salads 3 pizzas Choice A B с D E ect an answer. Number of Pizzas 2 4 6 8 10 Number of Salads 20 18 15 11 6
- For Question 2 there is a typo. It is supposed to say consider Ronald from question 1. Both question 1 and 2 are provided, i would appreciate if someone could complete them as soon as possible. Also this is not a graded question from an exam, it is homework l have been given although l did not purchase the textbook so cant get the solutions for it.Sat Oct 30 2:46 PM Bookmarks Window Help History + 88 Safari File Edit View ng.cengage.com Sean is buying pizza and salad. b Answered: Now suppose Andre... X MindTap - Cengage Learning Bb Homework Assignments – Fou... Home - cuchicago.edu Concordia-Chicago | Concordi... Q Search this course « CENGAGE MINDTAP Maria v Refresh Your Math & Graphing Skills A My Home 40.00 4 10 Courses 40.00 8 A-Z Catalog and Study Tools Rental Options Use the black line (plus symbols) to plot the line illustrating the combinations of salad and pizza that Andrew can purchase with a budget of $40.00. College Success Tips Career Success Tips 30 RECOMMENDED FOR YOU 28 26 Initial Budget THE 24 COST 22 OF 20 bongo LIVING New Budget 18 Living Expenses: Key to Your 16 MORTGAGE SCHOOL FEES. 10364.00 ELECTRICITY BANK LOAN. INSURANCE 7000.00 .8745.00 Well-Being 14 1324.0 9423 12 10 ? Help 8 Give Feedback 4 2 + 8 10 12 14 16 18 20 22 24 26 28 30 4 SALAD (Bowls) ОСТ étv W W 30 280 PIZZA (Slices) 2.What is the difference between a Social Welfare Function and Social Choice Rule? Explain whether requiring a Social Choice Rule rather than a Social Welfare Func- tion successfully resolves the paradoxical results in social choice theory.
- l TEW G 3:51 AM Jasmond King... Economics H8 Social fnudies Lnit 01 Lesson: 01 Basic Economic Problem Graphic Organizer 1 e2010, TESCCC 07010 page 12 of 26Present the three marginal equivalencies that are necessary conditions for a general equilibrium. Use a graph to explain these three marginal equivalencies.What is the difference between macroeconomics and microeconomics? Give an example of a question that a macroeconomist might be interested in answering, then do the same for a microeconomist. Tim Atte 40 Edit View Insert Format Took H
