What percentage (%) of all food produced is never eaten? 1. a. 10% b. 20% C. 33% d. 50% 2. The annual cost of food waste is dollars. a. 500 million b. 1 billion C. 500 billion d. 1 trillion 3. Food production is the single biggest cause of deforestation worldwide. e True b. False 4. a. 1.3 million b. 1.5 million C. 1.3 billion d. 1.5 trillion tons of food is wasted every year.

A company is considering investing $17,500 in a heat exchanger. The heat exchanger will last five years, at which time it will be sold for $2,000. The maintenance cost at the end of the first year is estimated to be $1,500. Maintenance costs for the exchanger are estimated to increase by $1,000 per year over its life. As an alternative, the company may lease the equipment for $X per year, including maintenance, with the annual payments to made at the end of each year. a. Choose cash flow diagrams of both alternatives. b. For what value of X should the company lease the heat exchanger? The company expects to earn 8% on its investments. Assume end-of-year lease payments. Click the icon to view the interest and annuity table for discrete compounding when i= 8% per year. a. What is the cash flow diagram of the lease alternative? Choose the correct answer below. OA. OB. $10,000 EOY $10,000 EOY 2 3. 4. 1 2 4. X X

In the figure, the efficient level of chemicals produced per week is OA. 0 tons. B. 8 tons. C. between 5 and 7 tons. OD. 4 tons. 50 40 30 20 20 10 0 2 4 6 MSC 8 MC=S D=MSB 10 12 Chemicals (tons per week)

Draw a production possibility frontier. The vertical axis shows theproduction of public sector goods and the horizontal axis showsproduction of private sector goods. The economy is currentlyproducing at point A on the frontier where 50 per cent of allproduction is devoted to public sector goods and 50 per cent toprivate sector goods.(a) Mark the following points on your drawing.(i) Point A.(in) Point B which shows production following the election of agoverment which increases government spending on botheducation and the National Health Service.(ili) Point C where unemployment is present in the economy.(iv) Point D where the government takes over production of allgoods and services in the econory.(b) Draw another diagram putting on it the original productionpossibility Frontier you drew for (a), labelling it AA.(i) Draw a new production possibility frontier on the diagram,labelling it PP, which shows the position after a devastatingwar has hit the economy.(in) Draw another PPF…