Check myBelow is a production possibilities table for consumer goods (automobiles) and capital goods (forkifts)Production AlternativesType of productionAutomobilesForklifts20272112a. Show these data graphicallyInstructions:1. Use the drawing tool (PPC, plot 5 points totel) to draw e PPC curve.2. Once all points have been plotted, click on the line (not individual points) end a tool icon will pop up. You can use this to enterexact co-ordinates for your points es needed.

In a market, production possibility curve represents the combination or bundling of two goods that…

Answered: Check my Below is a production…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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5. Opportunity cost and production possibilities Juanita is a skilled toy maker who is able to produce both trucks and puzzles. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time. Hours Producing Produced Choice (Trucks) (Puzzles) (Trucks) (Puzzles) 8 4 3 10 B 4 4 16 C 1 19 8 20 On the following graph, use the blue points (circle symbol) to plot Juanita's initial production possibilities frontier (PPF). U DE
AutoSave OFF A B 2. C ··· Home Insert Draw Page Layout X LA P22 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Paste 34 35 36 37 38 I 39 40 41 42 43 44 45 Arial B + X ✓ fx B с 7 Fill in the blank cells under the headings. 8 SEE THE ASSIGNMENT IN CANVAS FOR SUBMISSION INSTRUCTIONS!! A 4 Please find Excel basics under the mini-tutorial tab. 5 For reference, you might open the previous spreadsheet files with "ANS" in the Weeks 2. & 3. Modules. 6 Please click on FILE-Save As & save as prac1-abc.xlsx, where abc are your 3 initials. P I U ♥ 1. Demand & Supply: Where is equilibrium? D: P 50 -0.010, Q₁ = (50-P)/0.01 50 47.5 29 30 31 2. Production Possibilities 32 33 45 42.5 40 37.5 35 32.5 30 27.5 25 Together Qd 0 250 500 750 1000 For the demand & supply equations given, show whether equilibrium occurs over the price range shown. Solve each for "Q=" & place formula under Qd & Qs. Indicate equilibrium by BOLDING ([B] icon on toolbar) the cells. 1250 1500 1750 2000 2250 2500 R✔ D N 0…
ple Choice ý the letter of the choice that best completes the statement or answers the question. 1. Which of the following is an example of lower production costs brought about by the use of technology? the delivery costs of gasoline to the consumer by diesel trucks the use of e-mail to replace slower surface mail а. b. the making of breads and pastries in local shops rather than large bakeries the importing of fresh vegetables from South America rather than using canned vegetables- с. d. 2. What is the effect of import restrictions on prices? They cause prices to drop. b. a. They cause prices to rise. They often cause prices to rise steeply and then drop. d. They usually do not have any lasting effect on price. с. 3. What do sellers do if they expect the price of goods they have for sale to increase dramatically in the future? sell the goods now and try to invest the money instead of resupplying sell the goods now but try to get the higher price for them store the goods until the…
Alexandra's Production Possibilities Natalia's Production Possibilities Schedule Schedule Number of Scarves Number of Sweaters Number of Scarves Number of Sweaters Knitted per Day Knitted per Day Knitted per Hour Knitted per Hour 4 3. 2 6. 2 4 2 9. 1 6. 12 8. Which of the following is an acceptable term of trade? Multiple Choice 6 sweaters for 10 scarves 4 sweaters for 10 scarves 2 sweaters for 7 scarves 8 sweaters for 15 scarves
25 Initial PPC 20 New PPC 15 10 2 3 4 5 BOATS PER DAY Suppose Yvette is currently using combination D, producing one boat per day. Her opportunity cost of producing a second boat per day is per day. Now, suppose Yvette is currently using combination C, producing two boats per day. Her opportunity cost of producing a third boat per day is per day. From the previous analysis, you can determine that as Yvette increases her production of boats, her opportunity cost of producing one more boat Suppose Yvette buys a new tool that allows her to produce tvice as many boats per hour as before but doesn't affect her ability to produce balls. Use the green points (triangle symbol) to plot her new PPC on the previous graph. Because she can now make more boats per hour, Yvette's opportunity cost of producing balls is it was previously. BALLS PER DAY
5. Opportunity cost and production possibilities Raphael is a skilled toy maker who is able to produce both trucks and kites. He has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of his time. Choice Hours Producing Produced (Trucks) (Kites) (Trucks) (Kites) A 8 0 4 0 B 6 2 3 10 C 4 4 2 16 D 2 6 1 19 E 0 8 0 20 On the following graph, use the blue points (circle symbol) to plot Raphael's initial production possibilities frontier (PPF). ( attached image) Suppose Raphael is currently using combination D, producing one truck per day. His opportunity cost of producing a second truck per day is( 1, 3, 16, 19 kites) per day. Now, suppose Raphael is currently using combination C, producing two trucks per day. His opportunity cost of producing a third truck per day is ( 1,6,10, or 16 kites) per day. From the previous analysis, you can determine that as…
Give explanation of correct options and explanation of incorrect options don't upload any graph.
3 2. A decision at the margin Jake is a hard-working college sophomore. One Tuesday, he decides to work nonstop until he has answered 110 practice problems for his economics course. He starts work at 8:00 AM and uses a table to keep track of his progress throughout the day. He notices that as he gets tired, it takes him longer to solve each problem. Time Total Problems Answered 8:00 AM 0 9:00 AM 50 10:00 AM 80 11:00 AM 100 Noon 110 Use the table to answer the following questions. The marginal, or additional, gain from Jake’s first hour of work, from 8:00 AM to 9:00 AM, is problems. The marginal gain from Jake’s third hour of work, from 10:00 AM to 11:00 AM, is problems. Later, the teaching assistant for Jake’s economics course gives him some advice. “Based on past experience,” the teaching assistant says, “working on 25 problems raises a student’s exam score by about the same amount as reading the textbook for 1 hour.” For…
5. Opportunity cost and production possibilities Musashi is a talented artist who sells hand-crafted goods on his website. Musashi currently crafts and sells both crochet hats and baskets. He spends 8 hours a day working on crafts. The following table gives different daily output scenarios depending on how much of his time is spent on each good. BASKETS Hours Crafting Produced Choice (Crochet hats) (Baskets) (Crochet hats) 0 A B is C D E 30 25 10 5 0 8 0 6 On the following graph, use the blue points (circle symbol) to plot Musashi's initial production possibilities frontier (PPF). 4 2 0 2 2 4 6 8 3 4 5 CROCHET HATS 3 2 1 0 (Baskets) 0 11 16 19 20 8 Initial PPF New PPF ? Suppose Musashi is currently using combination D, producing one crochet hat per day. His opportunity cost of producing a second crochet hat per day per day. Now, suppose Musashi is currently using combination C, producing two crochet hats per day. His opportunity cost of producing a third crochet hat per day is ▼per…
5. Draw a Production Possibilities Graph for Toyota using the following information: A B C E F Trucks 20 28 35 40 43 45 Cars 54 52 49 43 35 25 A. Which combination(s) on the graph are considered efficient?
Shoes 16. What is PButter/pShoes? a. ¹5 b. 5 C. ¹3 d. 3 30 15 Butter Refer to Diagram 2 for question 16,17,18 and 19
AutoSave W- q5 micro OFF Home Insert Draw Design Layout References Mailings Review View Share O Comments Calibri (Bod... v 11 A^ A Аa v AaBbCcDdE AaBbCcDdEe AaBb( AaBbCcDc AaBbCcDdE€ AqBbCcDdEe > Paste A A No Spacing Subtle Emph... Styles Pane Sensitivity v ab X, Subtitle U Normal Heading 1 Heading 2 Title * Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Check for Updates Consider a monopolist that produces coal for energy, with demand curve defined by P = 190 – 20 and marginal cost given by MC = 10 + 2Q. Also, the firm's average total cost is ATC = 100/Q + Q+ 10. (Price and costs are in dollars per tonne of coal, while quantity is in thousands of tonnes.) Calculate the monopolisť's profit-maximizing quantity, price, and profit. For a monopoly, profit maximization occurs where the marginal revenue equals the marginal cost. a. b. What would be the competitive output and price if this monopolist operated as a competitive firm?…

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