nd Olaf are trying to decide how many hours per week to run the heater, which costs $30 per hour, res for hours of heat per week are given below: – 1/30 nd Olaf can all agree that they don't value more than 90 hours of heat per week. prefer to free-ride on Anna's provision of heat or pay her Lindahl price at the socially op
Q: Suppose that there are three beachfront parcels of land available for sale in Huntington and six…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Margaret works as a tutor and earns $20 per hour of tutoring. She has no other source of income. a.…
A: Since you have asked multipart question, we are answering first three parts. If you want any other…
Q: In Islandia, all goods and inputs are bought and sold at chere is a single price for each product.…
A: Mix of goods means both factor market and goods market are in equilibrium simultaneously. As per…
Q: Figure B-4 Remote Control Cars 180 120 B. Di 60 Remote Control 50 80 100 Planes Pt E in Figure B-4…
A: Figure B 4 Shows a Production Possibility Curve that shows different combinations of two goods that…
Q: Total grain 10.5 produced What Bruno gets Feasible frontier. Angela and Bruno combined G 5.25 What…
A: Pareto efficiency, is that state of economy where resources cannot be reallocated once it allocated…
Q: chooses to devote all available hours (except those she has to sleep) to leisure during the week,…
A: 4) The government gives Anne a subsidy of $150, no matter how many hours she works. Even if she has…
Q: Question-2 Draw two cases on a single well-labeled diagram to show how optimal allocation changes…
A: Answer- "Thank you for submitting the question.But, we are authorized to solve one question at s…
Q: Suppose that there are three beachfront parcels of land available for sale in Asilomar and six…
A:
Q: Consider Angela who currently works as a data scientist with machine learning expertise. Recently,…
A: Here the consumer receives utility from both consumption and leisure ( free time ) . The more is the…
Q: Need Step by Step answer: How to draft on Excel. Because Income depends on work effort and work…
A: find below the answer.
Q: questions 3-4 thank you 3. Suppose a worker can survive by daily consumption of $40 value of…
A: The labour theory of value (LTV) was an early endeavour by business analysts to make sense of why…
Q: Irfan has the budget constraint described in the graph below. If Irfan purchases 1 hour of tutoring…
A: A budget line shows all the combinations of the two goods that a consumer can buy given his budget…
Q: 1. Brunhilde earns $50 per hour in the paid labor market, and can produce 50 units worth of home…
A: As Brunhilde has two essential requirements for her marriage: she wants to spend some of her time…
Q: Mrs. Y spent about 20 minutes every day to get to work by driving her car. The one- way commute cost…
A: Here, it is given that Mrs Y can earn $18 wage per hour. If she chooses to go to work by driving…
Q: Suppose that there are three beachfront parcels of land available for sale in Asilomar and six…
A:
Q: Suppose that there are three beachfront parcels of land available for sale in Asilomar and six…
A: A person purchase a good when the price of a good is below or equal to its willingness to purchase…
Q: Pt B in Figure B-4 is described as O a. Attainable & efficient O b. Unattainable O C. Attainable &…
A: Production possibility frontier (PPF) is a curve depicting all maximum output possibilities for two…
Q: For their birthdays, Vivaan and Saanvi, who are brother and sister, each received 25 iTunes music…
A: Pareto improvement to a system is said to have occurred when a reallocation of resources leaves no…
Q: Choice land has 250 workers and produces only two goods, X and Y. Labouris the only factor of…
A: Production possibilities curve can be illustrate as follows: In above Figure, the vertical axis…
Q: Suppose that there are three beachfront parcels of land available for sale in Asilomar and six…
A:
Q: QUESTION 14 Consider a household with 2 spouses, Chandler and Ryan. Chandler can produce $120 of…
A: Given; Quantity of market good Chandler can produce in 1 day=$120 Quantity of home good Chandler can…
Q: hat is a basic definition of per diems? what are the pros and cons of per diems?
A: Per diems: It refers to the expenses and it is a Latin expression that signifies "for every day."…
Q: Refer to Exhibit 34-5. The opportunity cost of one unit of good A is O a. 28; 1B O b. 10B; 15B…
A: Opportunity cost is the cost of second best alternative or we can say that this is the cost of…
Q: An average worker in Zambia can mine a pound of copper in 30 minutes and produce a pound of tobacco…
A: A production possibility frontier (PPF) shows the maximum possible output combinations of two goods…
Q: ighbonng isia and Euphoria. million labor hours available per month that they can use to produce…
A: Comparative advantage is when a country produces a good at a lower opportunity cost.
Q: Suppose that Paco charges $5000 for a paint job and that the current wage he must pay his workers is…
A: According to the marginal productivity distribution theory, the labour demand curve is the value of…
Q: Tom and Jerry live together, and they plan to do the chores on the weekends. They have 4 tasks to…
A: Utility refers to the satisfaction. Individuals are rationales and they act in a way that maximizes…
Q: 1. If Australia were to charge a carbon/emission tax for coal powered electricity it is believed…
A: Dear learner you have posted multiple questions, as per our policy we have solved only first…
Q: 6. In autarky, the quantities produced and consumed by a nation will be determined by: a) The point…
A: PPF is the combination of two goods that can be produced with given resources and technology.
Q: Market fr Good X PA Refer to the Market for Good X. Po=S15. PA-521, P=531. Pg=S44. P1=557. Qo=10.…
A: The supply curve shows the quantity the producer is ready to sell at each level of prices. The…
Q: Your friend has a strong opinion on cars: he either likes a car or does not like it at all. We have…
A: please find the explanation below.
Q: Salem saves 300 riyals every month to build his future. What is the value of this position? A-…
A: Salem saves 300 riyals every month to build his future. What is the value of this position? A-…
Q: The above table shows answers given by people interviewed in a government survey of households.…
A: The marginal attached are those individuals who are not in the labor force but they want and are…
Q: Draw two cases on a single well-labeled diagram to show how optimal allocation changes when Angela…
A: 1. Draw two cases on a single well-labeled diagram to show how optimal allocation changes when…
Q: Continental Mobile offers an optional call package whereby each month the subscriber gets the first…
A: Given: Cost of first 50 minutes=free Cost of next 100 minutes=$0.25/min Cost of additional time=…
Q: For Native Americans during the colonial period, what could we say about the PED (in magnitude) for…
A: PED is a proportion of how delicate the amount requested is to its price. At the point when the…
Q: Exercise 2.1 In this exercise, you will analyze the supply-demand equilibrium of a city under some…
A: With an increase in x, price (p) decreases. Thus, price (p) varies inversely with location (x).
Q: Now, consider the incentive facing Beth individually. The following table looks similar to the…
A: please find the answer below.
Q: Suppose that there are three beachfront parcels of land available for sale in Asilomar and six…
A: Consumer behavior is the study of how individuals, firms and businesses and organizations makes…
Q: Consider the table above, In equilibrium, in this society O Honest people are better off than…
A: Hi! thanks for the question but as per the guidelines, we can answer only one question at one time.…
Q: The Red Cross and WIC (Women Infants Children program) both provide emergency food packages and…
A: Opportunity cost is a benefit that can be derived from the alternative that is not chosen.
Q: 11. Angela works farmland owned by Bruno. The diagram below illustrates their joint feasible…
A: Bruno is a landowner, and Angela is a farmer who gives Bruno a portion of her grain harvest in…
Q: Consider a two-person exchange economy in which person 1 owns 200 units of x and 100 units of y…
A: For the given situation it may be noted that trade takes place just to bring in the…
Q: Quantity per peried) Quantity (per period) Pan PaneD Quantity (per peried) Quantly (per perin…
A: When there is change in other factors and price remains constant, then the supply curve or demand…
Q: Daniel has $50 left over this week and he wants to contribute to a charitable cause. With $5, Daniel…
A: Daniel had a total of $50 on him & Daniel could feed ten homeless persons for $5 each if he…
Q: Two individuals, Sam and Barb, derive utility from the hours of leisure (L) they consume and from…
A: To determine how there can be fewer leisure activities spend would be associated with the more hours…
Q: Under the modern versions of the principle of equality of opportunity, a fair society should Select…
A: Principle of Equality of Opportunity Equal opportunity, often defined as equality of opportunity,…
Step by step
Solved in 2 steps with 2 images
- 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 doorknotVasya can photocopy 10 pages from a book or type 2 pages of handwritten text in 10 minutes. Petya can photocopy 40 pages from a book or type 3 pages of handwritten text in 10 minutes. Suppose also that both tasks are equally enjoyable to both of them. Given the information, if Vasya takes a course and learns how to type 3 pages in 10 minutes and can still photocopy 10 pages in 10 minutes, then: Petya will photocopy 5 pages and type 1 page, and Vasya will photocopy 20 pages and type 2 pages. Vasya will photocopy 5 pages and type 1 page, and Petya will photocopy 20 pages and type 2 pages. (c) They will not know what to do since not enough information is provided. (D) Petya will do all the typing and Vasya will do all of the photocopying. (E) Petya will do all the photocopying and Vasya will do all the typing.Mika earns $232 per week which she spends entirely at the grocery store, purchasing either food or alcohol. The price of food is $1/unit, while the price of alcohol is $3/unit. If Mika receives an additional $75/week in food stamps that can only be only be used to buy food at the grocery store (so, this money could be used to buy food but NOT alcohol), what is the vertical coordinate of the vertical intercept of Mika's budget constraint if she were to graph quantity of food on the horizontal axis and quantity of alcohol on the vertical axis? (Note: The answer may not be a whole number, so round to the nearest hundredth) (Note: The numbers may change between questions, so read carefully).
- John is trying to decide how to divide his time between his job as a stocker in the local grocery store, which pays $7/hr for as many hours as he chooses to work, and cleaning windows for the businesses in downtown. He makes $2 for every window he cleans. John is indifferent between the two tasks, and the number of windows he can clean depends on how many hours he cleans a day, as shown in the table below: Cleaning time (hr/day) Total numbers of windows cleaned 0 0 1 7 2345 11 14 16 17 What is John's per-window reservation price to justify the 4th and 5th hours of cleaning windows? A. $7 and $7.5 respectively B. $2 and $3.5 respectively C. $3.5 and $7 respectively D. $11 and $14 respectivelyMaria can purchase shirts for $22.00 each. She considers the benefit of one shirt to be $40.00, but with each additional shirt she purchases the benefit decreases by $5. According to the Principle of Optimization at the Margin, Maria will purchase..... shirtsQuestion 30 Link and Zelda each have 12 hours a week they can spend making costumes and accessories for their cosplay group. Link has been doing this for years and can make a costume piece in 2 hours and an accessory item in 1 hour. Zelda is still learning and can make a costume piece in 3 hours and an accessory item in 2 hours. The opportunity cost of 1 costume piece for Link in terms of accessory items (i.e. accessory items per costume piece):
- Stan Moneymaker needs 15 gallons of gasoline to top off his automobile’s gas tank. If he drives an extra eight miles (round trip) to a gas station on the outskirts of town, Stan can save $0.10 per gallon on the price of gasoline. Suppose gasoline costs $3.90 per gallon and Stan’s car gets 25 mpg for in-town driving. Should Stan make the trip to get less expensive gasoline? Each mile that Stan drives creates one pound of carbon dioxide. Each pound of CO2 has a cost impact of $0.02 on the environment. What other factors (cost and otherwise) should Stan consider in his decision making?Maria can purchase shirts for $22.00 each. She considers the benefit of one shirt to be $40.00, but with each additional shirt she purchases the benefit decreases by $5. According to the Principle of Optimization at the Margin, Maria will purchase... shirts. (Enter your response as a whole number.)Scott and Cindy both produce only pizza and tacos. In one hour, Cindy can produce 20 pizzas or 40 tacos. In one hour, Scott can produce 40 pizzas or 50 tacos. Based on this information, the person specializing in the production of tacos is willing to sell 10 tacos in return for at least pizzas and the other person is willing to pay no more than pizzas for the 10 tacos. Enter numerical values, rounding to two decimal places, and do not enter fractions. For example, enter 23.00 or 43.12.
- For the annual school bazaar, Emmy can produce and sell either origami frogs (F) or birds (B). For his origami he needs to work with sheets of paper, glue, and paper clips. Below table shows how many units of each input factor is needed to produce one origami. It also shows the total amount of input units available. Emmy’s profits per origami bird and frog are =1 and =2, respectively. 1:Which formula describes the sheets of paper constraint? a F <= 5 b F <= 6-2/3B c B <= 5 d F <=7-1B 2: Which formula describes the glue constraint? a F <=7-1B b F <= 5 c B <= 5 d F <= 6-2/3B 3: Which formula describes the paper clips constraint? a B <= 5 b F <=7-1B c F <= 6-2/3B d F <= 5 4: The iso-profit line has a slope of negative a…You and your friend Olivia are both volunteers at a cat rescue. The shelter supervisor asks the two of you to clean out kennels and haul bags of cat food from the donation area to storage. You know from your last time volunteering that you can clean out 10 kennels in an hour or move 5 bags of cat food, Olivia can clean out 6 kennels in an hour or move 6 bags of cat food.Olivia suggests that you split the tasks equally. Answer the following questions to determine if Olivia is making the best decision.a) Who has the absolute advantage in doing each task? b) What are Olivia’s opportunity costs of doing each task? (show your calculations). c) What are your opportunity costs of doing each task? (show your calculations). d) Who has the comparative advantage in doing each task?You and your friend Olivia are both volunteers at a cat rescue. The shelter supervisor asks the two of you to clean out kennels and haul bags of cat food from the donation area to storage. You know from your last time volunteering that you can clean out 10 kennels in an hour or move 5 bags of cat food, Olivia can clean out 6 kennels in an hour or move 6 bags of cat food. Olivia suggests that you split the tasks equally. Answer the following questions to determine if Olivia is making the best decision. a) Who has the comparative advantage in doing each task?