S Suppose Musashi buys a new tool that enables him to produce twice as many tea towels per hour as before, but it doesn't affect his ability to produce pillows. Use the green points (triangle symbol) to plot his new PPF on the previous graph. Because he can now make more tea towels per hour, Musashi's opportunity cost of producing pillows is it was previously.
Q: not use ai please
A:
Q: None
A: To calculate the variance for the given frequency distribution, follow these steps: Given…
Q: Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation
A: Game (a)Find Nash Equilibria:1. (A, A):If Player 1 plays A, Player 2's best response is A (since 1…
Q: Please original work Should governments take measures, legal or otherwise, that protect their…
A: Globalization and Economic Sovereignty: A Balancing ActThe advent of globalization has irrevocably…
Q: Don't use Ai
A: C Here's the best solution from Chegg's library.Solution1st stepStep 1The capital-administration…
Q: The nationwide COVID-19 lockdown in March 2020 resulted in a decline in spending on travel services,…
A: Step 1:
Q: not use ai please
A: In order to get the new inflation rate when the economy returns to long-run equilibrium after an…
Q: 7 A British company is expanding its links with tourism in your area and needs to take on…
A: [Your Name] [Your Address] [City, Postal Code] [Email Address] [Phone Number] [Date] Hiring…
Q: am. 159.
A: The Long-Run Aggregate Supply (LRAS) curve represents the maximum output an economy can produce when…
Q: what is the economic contribution of sea cucumber industry globally & regionally, in Seychelles,…
A: The sea cucumber industry has significant economic contributions globally, regionally, and locally,…
Q: Please correct answer and don't use hand rating
A: Approach to solving the question: Detailed explanation: This graph illustrates SRATC curves for…
Q: Do not use chatgpt
A: Approach to solving the question: Detailed explanation: Examples: Key references: Biology
Q: Please correct answer and don't use hand rating
A: Step 1: Calculation of average total cost We can calculate the average total cost using given…
Q: Do not use chatgpt
A: To fill in the missing entries in the table, we need to use the cost formulas for Total Cost (TC),…
Q: not use ai please
A: The correct option selected in the image is "an increase in the supply of pizza."Explanation:The…
Q: 1. Two soap producers, the Fortnum Company and the Maison Company, can stress either newspapers or…
A: (a) For Fortnum company: 1. If the Maison company stresses newspapers and:Fortnum chooses…
Q: Do not use Ai
A: In March 2023, the sudden collapse of several high-profile banks, including Silicon Valley Bank,…
Q: Do not use chatgpt
A: Step 1: Straight line methodIn straight line method, the annual depreciation is constant. The…
Q: not use ai please
A: When a company like Amazon repurchases shares at the market price, it essentially buys back some of…
Q: Problem 2.1: Suppose that Domestic's market demand is given by the equation P = 47 3*Qd and market…
A: Step 1:Domestic demand is P=47−3QdDomestic supply is P=14+7QsDomestic faces export supply is…
Q: Do not use chatgpt.
A: Staple food is one that is consumed often and in such amounts as to make up the main component of…
Q: Do not use chatgpt.
A: 1. Demand and SupplyDemand: AI increases consumer service and happiness by offering better, more…
Q: Assume that you are in the market for a luxury German car and that you have completed the following…
A: The goal is to select the most desirable luxury German car among three models (MBenz C300, Audi A4,…
Q: Do not use chatgpt
A: When there is a price cap in place, there is a scarcity since there is more demand than supply. As a…
Q: Please correct answer and don't use hand rating
A: we need to consider the relationship between the quantity demanded, the price, and the utility…
Q: The graph to the right is a partially completed representation of a long-run firm competitive…
A: Draw the ATC (Average Total Cost) Curve:Using the line drawing tool, draw a U-shaped curve. This…
Q: Do not use chatgpt.
A: Approach to solving the question: Detailed explanation:Conceptual ApproachUnderstanding the…
Q: Ch 3, q2. Suppose we have a small inhabited island with three residents and a volcano that generates…
A: Step 1:Step 2:Step 3:Step 4:
Q: Cooperatives have that get to vote on what the business doesGroup of answer…
A: In a cooperative, or co-op, a group of people come together to meet their common economic, social,…
Q: PURPOSE The purpose of the assignment is to assess learners' knowledge on the characteristics of…
A: Assignment Guide: Understanding Private GoodsPurposeThe assignment aims to evaluate your…
Q: Use the green rectangle (triangle symbols) to compute total revenue at various prices along the…
A: To compute the total revenue at various prices along a demand curve, we'll use the formula for total…
Q: Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation
A: Step 1: Step 2:Step 3:
Q: Use your knowledge of pie charts to answer the following questions. Step 1 of 2: The total of all…
A:
Q: Please don't use ai to answer I will report your answer please solve it with proper calculation and…
A: The equilibrium point is the intersection of the lines given in the graph. From the given graph, we…
Q: Do not use chatgpt.
A: Step 1: Find the Equilibrium Demand Equation:Qd = 200 − 2P Supply Equation:Qs = 2P Set the demand…
Q: Don't use Ai
A: To find the nominal interest rate, after-tax nominal interest rate, and after-tax real interest rate…
Q: Don't use chatgpt
A: The question about "what happened to the $5 production cost" appears to relate to a specific case,…
Q: am. 152.
A: 1.The AD-AS model is a fundamental tool in macroeconomics that illustrates the relationship between…
Q: Can you please just draw the 3 Economic models , the 2 blanchard IS-LM-PC and the Anti Blanchard…
A: The underlying presumptions of the three economic models about the money supply and corporate…
Q: Which of the following is true about different ways of conducting a private-value auction? A…
A: In a first-price auction, the highest bidder wins the item and pays the price they bid. In a…
Q: am. 134.
A: Option a: This option is incorrect because Substitution Bias:Definition: Substitution bias occurs…
Q: Assume that the price elasticity of demand for movie theatres is -.85 during the evening shows but…
A: The price elasticity of demand measures the responsiveness of the quantity demanded of a good to a…
Q: Please correct answer and don't use hend raiting
A: marginal privatebenefit of a flu shot is shown by the market demand curve, labeled( D_market). this…
Q: Macmillan Learning The table contains information on the price per month and the monthly demand and…
A: To address the questions based on the data provided in the table, let's first analyze the…
Q: According to the Winemakers Association of North America, wildfires contributed to the lowest level…
A: 1. Market for California Wine Graph 1: California Wine Market 1. Initial Equilibrium:Demand curve…
Q: not use ai please
A: Step 1: Part (a): Opportunity Cost of Studying an Extra Hour for Economics or Astronomy In…
Q: Ch 3, q3. Assume a city of 1,000,000 people, 60% of whom are willing to pay $1 maximum (each) to…
A: For the first question, majority rule reflects the preferences of the majority. As you can see in…
Q: Which is correct? Select the best answer. Answer 2 Points Keypad Keyboard Shortcuts Laws must be…
A: Step 1: Identify how economic growth affects average person's standard of livingEconomic growth…
Q: None
A: Step 1: Calculate the Marginal Utility per Dollar for Bocce Balls and GumballsTo find the Marginal…
Q: What's your definition of civic engagement, and how did your views of it change over time?
A: Approach to solving the question:Civic engagement and its importance were defined and…
Step by step
Solved in 2 steps with 1 images
- Sam is a skilled toy maker who is able to produce both cars 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 Hours Producing Produced (Cars) (Balls) (Cars) (Balls) A 8 0 4 0 B 6 2 3 8 C 4 4 2 14 D 2 6 1 16 E 0 8 0 17 On the following graph, use the blue points (circle symbol) to plot Sam's initial production possibilities frontier (PPF). Initial PPFNew PPF012345678302520151050BALLSCARS Suppose Sam is currently using combination D, producing one car per day. His opportunity cost of producing a second car per day is per day. Now, suppose Sam is currently using combination C, producing two cars per day. His opportunity cost of producing a third car per day is per day. From the previous analysis, you can determine that as Sam increases his production of cars, his opportunity cost of producing one more car .…Susan is a skilled toy maker who is able to produce both trains and drums. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time. Choice Hours Producing Produced (Trains) (Drums) (Trains) (Drums) A 8 0 4 0 B 6 2 3 8 C 4 4 2 14 D 2 6 1 16 E 0 8 0 17 On the following graph, use the blue points (circle symbol) to plot Susan's initial production possibilities frontier (PPF). Then use the green points (triangle symbol) to plot Susan's new (PPF) Suppose Susan is currently using combination D, producing one train per day. Her opportunity cost of producing a second train per day is per day. Now, suppose Susan is currently using combination C, producing two trains per day. Her opportunity cost of producing a third train per day is per day. From the previous analysis, you can determine that as Susan increases her…A company that produces brass hardware for doors has the ability to produce up to 6,500 hinges per week but then is unable to produce doorknobs. Or it can produce up to 650 doorknobs per week but then is unable to produce any hinges. In the graph below, use the straight-line tool to draw the company's production possibilities frontier, where the quantities are per week (do not use the point tool to plot endpoints). Then use the point tool to plot a point to indicate the company's maximum output where it is producing exactly three times as many hinges as doorknobs. To refer to the graphing tutorial for this question type, please click here. Quartity ofinge 000 7500 000 4000 000 100 1000 Quartity of doorknot
- Susan is a skilled toy maker who is able to produce both boats and drums. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time. Choice Hours Producing Produced (Boats) (Drums) (Boats) (Drums) A 8 0 4 0 B 6 2 3 11 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 Susan's initial production possibilities frontier (PPF). Suppose Susan is currently using combination D, producing one boat per day. Her opportunity cost of producing a second boat per day is how many drums per day? Now, suppose Susan is currently using combination C, producing two boats per day. Her opportunity cost of producing a third boat per day is how many boats per day? From the previous analysis, you can determine that as Susan increases her production of boats. Will her opportunity cost of producing one more boat…Crystal is a talented artist who sells hand-crafted goods on her website. Crystal currently crafts and sells both tea towels and baskets. She spends 8 hours a day working on crafts. The following table gives different daily output scenarios depending on how much of her time is spent on each good. BASKETS Choice (Tea towels) A B C D E 30 25 20 15 10 5 Hours Crafting 0 0 8 6 4 2 0 On the following graph, use the blue points (circle symbol) to plot Crystal's initial production possibilities frontier (PPF). 2 (Baskets) (Tea towels) 0 2 4 6 8 3 4 TEA TOWELS 5 4 3 6 2 1 0 Produced 7 (Baskets) 0 10 16 19 8 20 Initial PPF New PPFPaolo 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. Hours Producing Produced Choice (Вoats) (Puzzles) (Вoats) (Puzzles) A 8 4 6 10 4 4 16 D 2 6 1. 18 8 19 On the following graph, use the blue points (circle symbol) to plot Paolo's initial production possibilities frontier (PPF). 30 25 Initial PPF New PPF 15 10 5 2 3 4 7 8 BOATS Suppose Paolo is currently using combination D, producing one boat per day. His opportunity cost of producing a second boat per day – per day. \, 2, 16, 18 Puzzles is Now, suppose Paolo is currently using combination C, producing two boats per day. His opportunity cost of producing a third boat per day is v per day. From the previous analysis, you can determine that as Paolo increases his production of boats, his opportunity cost of producing one more clecreease lncrease, constant boat PUZZLES 1.....
- Frances is a skilled toy maker who is able to produce both trucks and drums. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time. Choice Hours Producing Produced (Trucks) (Drums) (Trucks) (Drums) A 8 0 4 0 B 6 2 3 10 C 4 4 2 16 D 2 6 1 18 E 0 8 0 19 Suppose Frances is currently using combination D, producing one truck per day. Her opportunity cost of producing a second truck per day is _______. Now, suppose Frances is currently using combination C, producing two trucks per day. Her opportunity cost of producing a third truck per day is ________ per day. From the previous analysis, you can determine that as Frances increases her production of trucks, her opportunity cost of producing one more truck _______. Because she can now make more trucks per hour, Frances's opportunity cost of producing drums is…Susan is a talented artist who sells hand-crafted goods on her website. Susan currently crafts and sells both crochet hats and cutting boards. She spends 8 hours a day working on crafts. The following table gives different daily output scenarios depending on how much of her time is spent on each good. Choice Hours Crafting Produced (Crochet hats) (Cutting boards) (Crochet hats) (Cutting boards) A 8 0 4 0 B 6 2 3 8 C 4 4 2 14 D 2 6 1 16 E 0 8 0 17The following scenario examines the relationship between marginal and average values. Suppose Parker is a high school basketball player. The following table presents their game-by-game results for foul shots. Fill in the columns with Parker's foul-shooting percentage for each game and their overall foul-shooting average after each game. Game Game Result Total Game Foul-Shooting Percentage Average Foul-Shooting Percentage 1 4/5 80 2 3 4 5 FREE-THROW PERCENTAGE 100 On the following graph, use the orange points (square symbol) to plot Parker's foul-shooting percentage for each game individually, and use the green points (triangle symbol) to plot Parker's overall average foul-shooting percentage after each game. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 90 80 70 60 50 40 30 20 10 0 4/5 2/5 1/4 1/2 4/4 0 6/10 7/14 8/16 12/20 1 2 GAME 0000 3 5 Game Foul-Shooting Percentage Average Foul-Shooting Percentage…
- There was once a tree on the Campus of Benedict College that students labeled the “Dummy Tree.” This was done because students that were often seen under the tree were considered to be wasting their very valuable time. Therefore, this tree was attributed with contributing to the bad grades of those students that were constantly under the tree. Let’s say that a student spent 4 hours a week under the tree and was supposed to spend 15 hours a week in class. Further suppose that this particular student made some new friends through out the semester that are bad influences. They were able to convince him to hang out longer under the tree. So now he is under the tree 7 hours a week. What happened to his class time? Show a production possibilities model that may have demonstrated this student’s behavior. Do not forget to include opportunity costs in your analysis.Deborah is a skilled toy maker who is able to produce both boats and kites. She has 8 hours a day to produce toys. The following table shows the daily output resulting from various possible combinations of her time. Choice Hours Producing Produced (Boats) (Kites) (Boats) (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 Deborah's initial production possibilyFelicity is studying economics and political science. She can read 30 pages of political science per hour but only 5 pages of economics per hour. This week she has a 50-page assignment in economics and a 150- page assignment in political science. Because of sorority rush, she cannot devote more than 10 hours to studying these subjects this week. She realizes she cannot complete all of her assignments but is determined to complete at least 30 pages of her economics reading. Draw a graph with pages of economics on the horizontal axis and pages of political science on the vertical axis. On this graph, show the possibilities that are consistent with the constraints that Felicity has imposed on herself, i.e. show her choice set. (She is NOT allowed to read ahead in either subject.) Label key points on your graph with their numerical values.
