5) can i get help with this question Original per unit cost of a hatNew cost after the price decrease in labour if insufficient time to change capital, that is in shortrun.$.New cost after the price decrease in labour if sufficient time to change all inputs, that is, in thelong run.New cost of a hat if you continue with your original budget%24 As a manufacturer of hats, you are producing 10 hats using 16 capital and 7 labour. The price ofcapital is $ 10 and the price of labour is $ 20. The price of labour decreases to $10. What is the newcost of producing 10 units if (a) you do not have time to adjust your capital and (b) if you havesufficient time to make adjust your capital. What will be the cost of hats if you maintain yourbudget and produce more hats?Capital3028262422201816401412103010101416182022242628Labour

Originally 10 hats are produced using 16 capital and 7 labour. cost of capital = $10 cost of…

Original per unit cost of a hat New cost after the price decrease in labour if insufficient time to change capital, that is in short run. New cost after the price decrease in labour if sufficient time to change all inputs, that is, in the long run. $. New cost of a hat if you continue with your original budget

Original per unit cost of a hat New cost after the price decrease in labour if insufficient time to change capital, that is in short run. New cost after the price decrease in labour if sufficient time to change all inputs, that is, in the long run. $. New cost of a hat if you continue with your original budget

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question 6 On which of the following concepts do economists focus their study when explaining how humans behave? emotions money fairness O incentives O justice
1. The rules regarding economic decision maker behavior are: Group of answer choices A: Consumers behave rationally and maximize utility, but producers do not behave rationally B: Producers behave rationally and maximize profits, but consumers do not behave rationally C: consumers are ratiional and maximize utility, and producers are rational and maximize profits D: Consumers maximize total consumption, and producers maximize production
Question 32 Referring to the panels, which of the four panels represents the market for bikini bathing suits as a result of the invention of a new technology that allows for faster sewing of such bathing suits? Group of answer choices Panel (d) Panel (c) Panel (a) Panel (b)
i need Q18 solution
6 Assume that you are a rational person and that you visit a grocery store to buy bananas. Use the marginal benefit and marginal cost (utils) principle, described in Unit 1, to explain how many bananas you will ultimately buy.
9. Behavioral economics Indicate whether each of the following examples of behavior is consistent with the way the traditional economic framework suggests people should act, or if it is reserved for behavioral economists to examine. Example Some people would be willing to pay money to lower the incomes of others. Some people treat $60 they earn differently from $60 they win in a random drawing. Some people sacrifice disposable income to help their children pay for college. Some people would turn down a new, higher-paying job if it meant spending less time with their family. Consistent with the Predictions of Traditional Economic Models Reserved for Behavioral Economics
MICROECONOMICS Questions 3 ( ALL OF IT IS ONE QUESTION!!!) For article 3 write the number of the graph that best describes what happened. Fill in only the appropriate boxes in the chart for article 3 and be sure and indicate if it is an increase or a decrease. For the graph use an arrow to indicate an increase or a decrease. Make sure you fill in the graph PLEASE Leave it blank if there is no change Masks (Now). The easing Covid-19 pandemic is expected to reduce demand for medical masks this year, joining a group of companies that have forecast a decline in business from Covid-19 prevention. Masks became a billion-dollar business for the St. Paul, Minn., manufacturer starting in 2020, when the virus’s rapid spread sent consumers and healthcare workers looking to secure facial coverings to try to avoid infection. Now, as the latest U.S. surge caused by the Omicron variant fades, 3M said they are seeing slowing mask sales. WHICH GRAPH BEST FITS THE ARTICLE. Graph # Graph…
Question 7 (10 points) Listen Figure 2-7 HOURS WITHOUT SLEEP Refer to Figure 2-7. Taking cause and effect into account, which of the following interpretations would be most reasonable regarding the relationship between coffee and hours without sleep? The less coffee a person drinks per day, the more time he can go without sleep. There is no relationship betwveen how much coffee per day a person drinks and how long he can go without sleep. The more coffee a person drinks per day, the more time he can go without sleep. The more coffee a person drinks per day, the less time he can go without sleep. Question 8 (10 points) V Saved CUPS OF COFFEE PER DAY
315553/quizzes/3862261/take Course Placement CT CT2Learn Assume that our world consists of only two countries: the United States (US) and the Rest of the World (ROW). Both of these countries produce airplanes and computers. The amounts of each good produced during an hour in each country are provided in the table below. US Airplanes 5 Computers 15 In computers? P In-Text Citations ▸ Study.com G Google in the US? ROW 1. Based on this table, who has the absolute advantage in airplanes? in the ROW? 4 10 1. What is the opportunity cost of 1 airplane: computers per airplane Q Search computers per airplane What is the opportunity cost of 1 computer in the US? airplanes per computer PRE - ParentVUE SAM SAM y! Infor W @=
6. For your birthday, you receive a hamper from your friend, which contains food and drink. They have chosen to buy you 8 packs of hot chocolate and 10 packs of luxury biscuits. Unfortunately, the hot chocolate is not milk chocolate and the biscuits are chocolate chip and not your favourite ginger biscuits! They haven't provided the receipt, but you return to the shop where the hamper was bought and ask to exchange the items. Each pack of hot chocolate was priced at £5 and each pack of biscuits was priced at £6. You face a utility function of U (Hċ, B) = H²B. When you return to the shop, you see that all of the biscuits are now half price, but all of the types of hot chocolate haven't changed in price. You are able to exchange your biscuits and hot chocolate, but can only receive a refund based on the current marked price of the products in the shop. Given this information and assuming hot chocolate is on the horizontal axis and your aim to maximise utility, what should you do? (a) You…
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