Fish 10 hours Alfredo Fish 12 hours Select one: O a. 2 Fish 10 hours Fish 12 hours 3,3 C 4,1 1,4 O b. 4 O C. we don't have sufficient information to determine it O d. 3 e. 1 2,2 a) what is the pay-off to Bob when he fishes for 10 hours and Alfredo also fishes for 10 hours? a
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- ompleted 14 out of 20 stion 15 of 20 > A network good is one where the number of other users of the good. cost to the user rises if there is a large cost to the user falls if there is a small O benefit to the user falls if there is a large O benefit to the user rises if there is a large LAPTOP LOGIN acer USERNAME: student PASSWORD: Broward1Brewed coffee is one of the most popular drinks in the world and a big market in Singapore. In recentyears Singaporean consumers have become concerned that coffee farmers often receive very lowprices by large coffee companies buying their beans and selling them in international markets. Forthis reason, fair trade coffee has reached supermarket shelves and coffee shops. Because producingfair trade coffee includes providing extra income for the farmers, this product is more costly to makethan other coffee types of comparable quality. Using the demand-supply model, analyse this changein consumer preferences. Examine the likely consequences in one or two markets of your choice. Limits 500 wordsOnly typed answer Kara and Kyle are competing sockeye salmon fishers. Both have been allocated ITQs that limit their catch to 2,000 tons of sockeye salmon each. Kara's cost per ton is $6; Kyle's cost per ton is $10. Assume that the market price of sockeye salmon is $14 per ton. If Kara pays Kyle $5 per ton for his ITQs, and if she then catches her new limit of 4,000 tons, her profit would be?
- Principles of Economics S1 20/21 n 6 Quiz navigation Suppose the cost of operating a 75 room hotel for a night is $6,000 and there are 5 empty rooms for tonight. If the marginal cost of operating one room for one night is $40, the hotel manager should rent one of the 1. 2. 4 red empty rooms only if a customer is willing to pay d out of 10 11 12 13 14 O a. more than $40, as the average benefit will exceed the marginal cost. 9 question 19 20 O b. more than $80, as the marginal benefit will exceed the marginal cost. Finish attempt.. WEE C. more than $40, as the marginal benefit will exceed the marginal cost. Time left 0:27:12 d. more than $80, as the average benefit will exceed the marginal cost. Next page evious page 3.Van is a skilled toymaker who is able to produce both boats and balls. 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 A B с D E Hours Producing (Boats) 8 6 4 2 0 Produced (Balls) (Boats) (Balls) 0 4 0 11 16 19 20 2 4 6 8 3 2 1 0D Question 18 Burgers 6543210 10 0 5 TTTTT o O 20 O 24 0 P 4 B C 8 Budget: $10 Burgers: $2 Bus Tickets: 50 cents D E 。. 12 Bus Tickets If the consumer spends all his money on bus tickets how many bus tickets can he afford to buy? 16 F 20 24
- Please answer this specificly so o can understand how to do it. Thank you!dent A boss notices that one of his unscrupulous employees has been stealing company materials lately. He values honesty in himself and his employees, but the stolen property was not valu Consequently, the boss prefers keeping her around rather than having to fire and train a repl Nevertheless, he would ideally like to stop her from stealing. The boss is thinking about issuing a warning: the next person caught stealing any company property will be immediately fired. I Should the boss issue such a warning? (Hint: You need to first find the subgame perfect equilibrium (SPE)) Below is the game in extensive form. The top payoffs belong to the Boss, the bottom payoff belong to the employee. Employee Stop No warning Steal Figure 1: Extensive form of the game Boss Ignore Boss Fire Warning Boss Follow Test Forgive 21 Employee Quit 0Complete the following table by indicating whether each point represents output combinations that are inefficient, efficient, feasible, or infeasible. Check all that apply. Point Inefficient Efficient Feasible Infeasible A B D E O O 0OC OOO O0 O O O O 0 O O O O00
- to treat a sore back Kyoko undertakes a course of physical therapy.Kyoko's marginal benefit from her first physical therapy session is $250 from her second its $225 , from her third its $175 anf from her its $100. physical threapy sessins cost $175 each. assuming kyoko's final physical threapy session will earn her zero consumer surpus, kyoko will have _ physical threapy sessions and her total consumer surpus will be_ A .four, $0 B. three, $100 c. four, $125 d. three, $125C 04:50 7:01 PM 23.7KB/s O L A 9ll (51) Chegg = Chegg Econon Time remaining: 00:09:54 The opportunity cost of production is zero O outside (to the right of) the production possibilities frontier. O inside the production possibilities frontier. O when all resources are used to produce only one of the two goods. O on the production possibilities frontier. fiproduction possibilities frontier has a 'bowed outward' shape only when: O As the quantity of one good produced increases, the opportunity cost of producing that good also increases. O an economy is self-sufficient instead of interdependent and engaged in trade. the more resources the economy uses to produce one good, the fewer resources it has available to produce the other good. O the rate of tradeoff between the two goods being produced is constant. 2ION 17 Marginal Cost Marginal Benefit Quantity of Shoes Refer to the diagram for athletic shoes. If the current output of shoes is Q1, then O D. society would consider additional units of shoes to be more valuable O A. resources are being O B. society would experience a net loss by producing more O C. society would consider additional units of shoes to be less valuable than allocated efficiently to the alternative uses of those resources than altemative uses of those production of shoes resources shoes Sa Click Save and Submit to save and submit. Click Save All Answers to save all answers. DELL Marginal Benefit and Marginal Cost (Dollers)