12 1ofUse the following data to answer the following questionYear 1MachinesRiceTractorsSelect one:00Quantity40Base Year: Year 1What is the value of Real GDP in Year 2?0030030a. $36 750b. $30 500c. $28 000d. $33 600e. $38 350Price$150$10$800Quantity4536035Year 2Price$180$12$850

Real GDP provides the GDP of an economy at constant prices. Constant price will be an estimation of…

Use the following data to answer the following question Year 1 Machines Rice Tractors Quantity 40 Select one: 300 30 Base Year: Year 1 What is the value of Real GDP in Year 2? a. $36 750 b. $30 500 c. $28 000 d. $33 600 Oe. $38 350 Price $150 $10 $800 Quantity 45 360 35 Year 2 Price $180 $12 $850

Use the following data to answer the following question Year 1 Machines Rice Tractors Quantity 40 Select one: 300 30 Base Year: Year 1 What is the value of Real GDP in Year 2? a. $36 750 b. $30 500 c. $28 000 d. $33 600 Oe. $38 350 Price $150 $10 $800 Quantity 45 360 35 Year 2 Price $180 $12 $850

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar like to listen to rock‐n‐roll music, and they love live bands. If the bar owner brings bands in to play music on a Saturday night, she will make a lot of money. However there are tenants in this building who get annoyed by the loud music. The benefits/costs to the owner/tenants of having zero, one, two or three bands on a Saturday night are listed in the attached table. If the tenants have the right to be free of loud music enforced through a property rule, how many bands will play in Rock‐n‐Roll Bar on a Saturday night? A. Zero B. One C. Two D. Three E. It depends on transaction costs
$ per unit 100.00- 90.00- 80.00 70.00- -00 09 50.00- 40.00- 30.00- 20.00- 10.00- 0 10 20 30 MR 40 50 Quantity OK 09 70 MC=ATC D 09 90 100
B9
What are the Revenue projects?
There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar like to listen to rock‐n‐roll music, and they love live bands. If the bar owner brings bands in to play music on a Saturday night, she will make a lot of money. However there are tenants in this building who get annoyed by the loud music. The benefits/costs to the owner/tenants of having zero, one, two or three bands on a Saturday night are listed below. Assume the bar owner has the right to hire as many bands as she likes. Iftransaction costs were $90, split between the bar owner and the tenants, how manybands would play? What would social welfare be? A. Three bands would play and social welfare would be ‐100.B. Two bands would play and social welfare would be 75.C. Two bands would play and social welfare would be ‐15.D. No bands would play and social welfare would be 0.E. Three bands would play and social welfare would be ‐190
Output TFC 0 $500 2 500 4 CO 00 6 8 10 500 500 500 500 TVC $0 200 340 590 1000 1650 TC $500 700 840 1090 1500 2150
e. 0 10 20 11 12 13 14 15 16 17 18 19 20 $160,000 ▼ $160,000 V
PLS HELP ASAP ON BOTH