Table Assume that England and France can switch between producing motorcycles and producing tanks at a constant rate. Hours Needed to Make 1 Quantity Produced in 2400 Hours Motorcycles Tanks Motorcycles 30 Tanks 16 England France 150 80 50 150 48 16 Refer to Table. England's opportunity cost of one motorcycles is e a. 5 tanks and France's opportunity cost of one motorcycle is 1/3 tank. Ob.5 tanks and France's opportunity cost of one motorcycle is 3 tanks. Oc 1/5 tank and France's opportunity cost of one motorcycle is 1/3 tank. od 1/5 tank and France's opportunity cost of one motorcycle is 3 tanks.

Q: Buying and selling textbooks are two separate decisions made at the margin. Textbooks create value…

A: Consumer surplus refers to the difference between the actual amount paid by the consumer and the…

Q: I need help in solving this question because I'm not sure it's right?

A: The United State federal government passed the American Recovery and Reinvestment Act in 2009 was to…

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

Q: Read the description of the golf clubs introduced by the startup and decide how to position each…

A: Product positioning refers to items that occupies a space in minds of the consumer based on…

Q: The answers you provided are incorrect and incomplete.

A: A perfectly competitive firm is a price taker, which means it takes the price set by the market…

Q: heeds to make an additional repair, which will cost another $400, in order to make the guitar worth…

A: here we can find the answer of given question by following method given below;

Q: Consider the monopolistically competitive market structure, which has some features of a competitive…

A: Hi, according to our guidelines we are allowed to solve only question in one session. So I would be…

Q: Bill is a professional photographer. His camera is broken, and he needs a new one within the next…

A: Willingness to pay (WTP) shows the maximum price that the buyer or consumer is ready to pay to get…

Q: definition of products, goods and services

A: TO understand the definition of these terms, we need to understand that goods and products are used…

Q: the quantity of a good or service which consumers want and have the ability to purchase

A: Quantity- It is the number or amount of goods or services.

Q: I need to understand how to come up with the answers for the table. This explanation does not help…

A: Equation of a budget line is given by: Income = Px*X + Py*Y Where Px is the price of Good X and X is…

Q: Please give typed solution, don't use handwriting or notebook for solution. Todd is driving his SUV…

A: If you own a car and are concerned aboutt the medical bills in case of an accident and you have a…

Q: Please provide the answer of my question with explanation

A: Regression is a statistical technique used in the fields of finance, investing, and other subjects…

Q: Buying and selling textbooks are two separate decisions made at the margin. Textbooks create value…

A: The consumer surplus is when a consumer is willing to pay less than its product price. It is based…

Q: A student decision about how to allocate his time between studying two subjects ?

A: A student is an individual.

Q: Explain complex economic concepts to a reporter through an email pitch.

A: Hi [Reporter's Name],I hope this message finds you well. I would love to discuss two key economic…

Q: The option or alternatives from which decision are made

A: Alternatives ought to reflect generously various ways to deal with the issue or various needs across…

Q: Selecting a Bank: Veronica plans to open a checking account with her $1,200 tax refund check. She…

A: Monthly charges by a bank refer to the fees that customers are required to pay on a regular, usually…

Q: What's the answer I can't see it

A: Demand for good X with respect to good Y is cross-price elastic: With every 1% increase in the price…

Q: you have $84.25. you get additional money for mowing lawns. then you purchase a new pair of shoes…

A: Marginal revenue is defined as the additional revenue earned by an individual when he sells an…

Q: Utility equals satisfaction true or false

A: The concept of utility is used to analyse consumers' tastes.