N inputs e 20 40 60 80 100 output 0 45 75 98 113 121 Possibility A Cheese Wine & inputs 0 e 20 40 60 80 100 output 0 60 105 143 a. From this data, complete Utopia's production possibilities table below. B с 158 165 b. Utopia (Click to select) c. If Utopia is at D, the total cost of 15 more cheese is [ d. If Utopia is at D, the total cost of 38 more wine is produce 98 cheese and 143 wine. wine. cheese. F 0

N inputs e 20 40 60 80 100 output 0 45 75 98 113 121 Possibility A Cheese Wine & inputs 0 e 20 40 60 80 100 output 0 60 105 143 a. From this data, complete Utopia's production possibilities table below. B с 158 165 b. Utopia (Click to select) c. If Utopia is at D, the total cost of 15 more cheese is [ d. If Utopia is at D, the total cost of 38 more wine is produce 98 cheese and 143 wine. wine. cheese. F 0

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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First I should think about my opportunity costs. Question: If I want to catch 1 more fish, what does this cost me in terms of bottles of water? What I think: Is the opportunity cost of one more fish 1/2 bottle of water??
Below is a table of production possibilities for a company that produces soft drink bottles and juice bottles (in thousands of units per week): Production alternatives production type A B C D E F Set of 8 soft drink bottles 0 4 10 15 19 22 12 juice box 58 56 48 32 16 0 Plot this data on a graph. What specific assumptions are represented by this production possibilities curve? If a firm is at point C, what is the opportunity cost of an additional set of soft drinks? From an extra juice box? If the company characterized in this table produced 7 sets of 8 bottles of soda and 40 cases of 12 juices, what could be concluded about the use of available resources? Is production currently possible at a point outside the production possibilities curve? Explain your answer.
A) 1/2 hour (B) 6 hours 1/16 hour CASHEWS (Pounds) D) 2 hours 400 360 320 280 240 200 160 120 80 40 Brazil's PPF Refer to Figure 3B. If the production possibilities frontier shown is for 16 hours of production, then how long does it take this country to make one pound of peanuts? 1 2 3 4 5 6 7 PEANUTS (Pounds) 8 9 10
Utopia produces only two products: cheese and wine. The production levels are shown in the table below. Cheese % inputs 0 20 40 60 80 100 Possibility Cheese Wine output 0 15 25 33 38 41 A 0 % inputs 0 20 40 60 80 100 a. From this data, complete Utopia's production possibilities table below. B Wine output 0 20 35 48 53 55 75 b. Utopia (Click to select) produce 33 cheese and 48 wine. c. If Utopia is at D, the total cost of 5 more cheese is d. If Utopia is at D. the total cost of 13 more wine is wine. cheese. 0
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My dear expert bro hand written not allowed.
Below is a production possibilities curve involving tea and videos. 2000 1600 1200 N 800 400 PPI Quantity of tea per year (in tonnes) 100 200 300 400 500 600 700 Quantity of videos per year (in thousands) PPIN Refer to the graph above to answer this question. What is indicated by the shape of both the PPI and the PPII curves? Select one: A. Constant costs. B. Increasing costs. C. Alternative costs. X D. Decreasing costs.
A ng.cengage.com + 5 Welcome to Johnston Community College * Mind Tap - Cengage Learning b Answered: 4. Shifts in production possibilities.. | bartle. G shifts in production possibilities - Google Search Nevaeh v CENGAGE MINDTAP Q Search this course Homework (Ch 02) Edison is a skilled toy maker who is able to produce both boats and puzzles. He has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of his time. A-Z Hours Producing Produced Choice (Boats) (Puzzles) (Вoats) (Puzzles) A 8 4 B 2. 10 4 4 16 2 6 1. 19 8 20 On the following graph, use the blue points (circle symbol) to plot Edison's initial production possibilities frontier (PPF). (? 30 At 25 Initial PPF 20 O New PPF 15 10 PUZZLES
6. Fred found that fine flowers grow faster with fertilizer. In one month, Fred can harvest between 1000 and 5000 flowers, depending on his fertilizer level. Fred sells flowers for $2 each (in 1000 flower lots) and his only major variable cost is fertilizer. Fred's fixed cost is $500. The table below shows the fertilizer needed to grow different amounts of flowers. Flowers per Month Fertilizer Bags 1000 0 2000 7 3000 11 4000 17 5000 25 A. If fertilizer costs $400/bag, how many bags should Fred buy, how many flowers will he sell, and how much profit would he make? B. If fertilizer costs $350/bag, how many bags should Fred buy, how many flowers will he sell, and how much profit would he make? C. If fertilizer costs $300/bag, how many bags should Fred buy, how many flowers will he sell, and how much profit would he make? D. If fertilizer costs $200/bag, how many bags should Fred buy, how many flowers will he sell, and how much profit would he make?
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Antarctica produces only party ice and frozen fish. The table shows the marginal benefit and marginal cost schedules for frozen fish. If Antarctica produces 37 frozen fish, the marginal benefit from frozen fish frozen fish. To achieve allocative efficiency, Antarctica must O A. is less than; decrease O B. exceeds; decrease O C. O D. exceeds; increase is less than; increase C the marginal cost of the quantity of frozen fish produced. Frozen fish (per month) 33 34 35 36 37 38 Marginal cost (packs of ice per pack of fish) Marginal benefit 53 6 5 4 3 2 3 4 20 35
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