Production schedule for Alpha and Beta (per day) Economy Product Alpha Oranges Apples Oranges Apples Beta A 18 0 15 0 B 12 3 10 1 с 6 6 LO 5 2 D 0 9 0 3 The production possibilities schedules for one day of output for two economies, Alpha and Beta, are shown in the table above. Based on your calculations of opportunity cost, which economy has an absolute advantage in the production of oranges? Based on your calculations of opportunity cost, which economy has an absolute advantage in the production of apples? Based on your calculations of opportunity cost, which economy has a comparative advantage in the production of oranges? Based on your calculations of opportunity cost, which economy has a comparative advantage in the production of apples?

Q: If a marketplace produces $40 in consumer surplus and $20 in producer surplus and has a deadweight…

A: Since you have posted multiple questions, as per the bartleby guidelines we can solve only one…

Q: 6. If the probability of illness is the expected wealth equals: a. $12,500. b. $15,000. c. $17,500.…

A: A want satisfying power of a commodity or service is known as its utility. Utility is a significant…

Q: Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all…

A: Given that it illustrates the fluctuations in an economy's fortunes, national income analysis is a…

Q: using its resources efficiently O operating beyond its resources fully employing most of its…

A: Production Possibility Frontier(PPF) shows 'the different combinations of two goods using the scarce…

Q: Two roommates, Eric and Noah, decide independently of each other how much time to spend cleaning the…

A: Nash equilibrium:It is a sub-topic of game theory in which players play games and use strategy and…

Q: The protection of private property makes it so that Multiple Choice A. people must consume the…

A: Protection of private property: One of the biggest role of the govt is to provide private property…

Q: Which of the following describes the consumption function in the IS curve? a. C, -ā, +bR₂ Ob.Cà y c.…

A: Consumption refers to the purchase or use of goods and services by individuals, households, or…

Q: suppose a stock worth $50 today is equally likely to be worth $100 or $25 a year from today. What is…

A: Stock A stock that is also known as equity is a financial instrument that represents the ownership…

Q: Mr. Peabody's demand for preservation of a trout stream

A: The demand curve depicts the inverse relationship between a consumer's willingness to pay and the…

Q: Lorenzo and Neha are farmers. Each one owns a 12-acre plot of land. The following table shows the…

A: Absolute Advantage is referred to a situation when a producer can produce a good or a service in a…

Q: 5. The price of trade Suppose that Ireland and Norway both produce olive oil and broccoli. Ireland's…

A: Comparative advantage is an economic principle that refers to the ability of an individual, firm, or…

Q: Use the following figure to answer the question: What is the consumer surplus in this market when…

A: Demand curve is the downward-sloping curve. Supply curve is the upward-sloping curve. Equilibrium is…

Q: When making a decision such as buying a car, what step in the decision-making model would be ranking…

A: Making decisions requires choosing a plan of action, gathering information, and assessing…

Q: Your best friend currently makes $60,000 per year at his job. He tells you that, at generally grows…

A: Real interest is calculated by the adjusting the nominal interest rate for the inflation rate. The…

Q: In 2019 Zanadu had a total population of 550 pcople. Out of that 550 pcople; 110 We 120 wcrc not in…

A: Total population = 550 Population under age of 16 = 110 Population not in the labor force = 120…

Q: Which of the following reflects a weakness to the NCVS? The hierarchy rule Highly victimized groups…

A: The BJS National Crime Victimization Survey (NCVS) is the primary source of information on criminal…

Q: James uses kiwi k) and labor (L) tomake Juice Ca). Production function 9=min(43,R %3D lavor musured…

A: We know that for minimum functions we always produce at the kink. Which means : L/3 = K^0.5 So q =…

Q: Which of these is considered a form of cryptocurrency? fiat money commodity money the dollar coin 0…

A: A cryptocurrency has the following characteristics. Digital currency: Cryptocurrency is a digital…

Q: The graph shows the average total cost (ATC) curve, the marginal cost (MC) curve, the average…

A: A perfectly competitive market is a theoretical economic model that describes a market in which…

Q: Company A plans to replace with one of their current equipment with one of the three options shown…

A: The image below contains the formula behind the cells:

Q: 35. When prices drop in response to a decline in demand for an increasing cost industry producer…

A: Demand :Demand refers to when a consumer has a desire/ wish/ need to buy something at a price they…

Q: Income redistribution in a mixed economy OA. is only accomplished through government intervention.…

A: Mixed economy refers to the one in which markets are operated by the government and allows…

Q: I did upload one question at a time but I kept getting a regetted and had no choice. Thank you for…

A: When making daily decisions, both people and small businesses can more accurately assess market…

Q: Suppose that the demand function for aluminum is: Q = 20 - 0.2p, where p is the price paid by…

A: An individual’s willingness to pay for each unit of the quantity he or she wishes to consume is…

Q: Generalized Matching Pennies: Two players choose a number between 1 and 3. If the players choose the…

A: In the game of matching pennies, each player chooses a number between 1 and 3. If the players choose…

Q: egative externality or spillover cost occurs when Multiple Choice firms fail to achieve allocative…

A: The result of production might be characterised as an externality. Externalities come in two primary…

Q: automobile loan of $12,000 at a nominal rate of 12% compounded monthly for 48 months requires equal…

A: Amortization is a method for spreading out the costs for the utulize of a long-term asset over the…

Q: Consider the following normal-form (matrix-form) game: Player 2 M R 5,2 3,5 8,4 9,8 T Player 1 M6,2…

A: Game theory refers to the concept that shows how 2 rational players choose strategies that maximize…

Q: Suppose that Rajiv borrows $50,000 at 5% per year to purchase equipment for his business. Complete…

A: Compound interest is the interest which is calculated on the initial principal, and it also includes…

Q: If the total cost for Chifundo to produce eight jackets is $90 and the marginal cost of the eighth…

A: Marginal cost (MC) can be defined as an additional cost on the production of an additional unit of…

Q: In this market, the equilibrium price is Price (Dollars per box) 35 For each of the prices listed in…

A: Equilibrium is where Demand curve intersects supply curve. When the quantity demanded is greater…

Q: Consider the technology function f(z1,z2) = 2zk + zk. Suppose that w] = 64, that w2 = 52, and that…

A: With a given production function, a firm tries to minimize its total cost of production by choosing…

Q: Question 6 If people develop a new liking for pastelitos and begin to favor pastelitos to a greater…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: A monopoly electricity producer serves two types of customers, business (B) and house- hold (H). The…

A: A monopoly is a market structure in which there is a single seller who has monopoly power over the…

Q: Which of the following creates a negative externality? a. Texting while driving. b. New safety…

A: Externality refers to the cost or benefit that impact a third party that is not directly involve in…

Q: For the following Cobb-Douglas production function, Q = 691K0.15 10.31, output price P = 10 and…

A: 2) A Cobb-Douglas production function replicates the relationship between output and inputs…

Q: Suppose that this rate-setting game is played by the banks infinitely many times. Each bank has a…

A: Grim trigger strategy refers to the strategy where both the players cooperate in each round until…

Q: Consider the three figures below, depicting possible cost functions for a firm. The horizontal axis…

A: This can be defined as a cost that shows the type of cost that an individual, business, or any other…

Q: Suppose the following information on Nominal GDP and Average Prices. Use 2011 as your base year.…

A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…

Q: Clancy is skilled at making both bracelets and necklaces. Clancy has no preference between making…

A: Opportunity cost is the profit foregone that the agent would have done if she weren't doing the…

Q: How would a plan to limit the price of old arugs, but not new drugs to allow for innovation, likely…

A: 1. Which Country Likely Prescribed the Most Drugs? Why?   Japan likely prescribed more drugs under…

Q: d. Who has the comparative advantage in carving fishing lures? in carving duck decoys? Fishing…

A: Comparative advantage is referred to as the benefit recorded by a country or individual from trade.…

Q: Typed plz and asap thanks I want quality answer please

A: The objective of the question is to determine the year in which the switch from Double Declining…

Q: of people employed: e) Was this change in the number of people employed due to a shift or a movement…

A: Labor demand represents the quantity of labor that employers are willing to hire at various wage…

Q: 1. Consider a perfectly competitive market with a price of $21, where each firm has a cost function…

A: In the short run,firms in perfectly competitive markets can earn a profit. However, this attracts…

Q: Your firm, Content Colleague, is similar to Happy Worker, a Canadian company that designs and…

A: A company produces and designs collectibles and toys. The estimated demand function of the stuffed…